|Day's Range||63.70 - 64.06|
A rally that pushed oil prices above $70 a barrel in January for the first time in three years may have further to run because of falling Venezuelan output and funds' appetite for commodities, some oil firms and trading houses said. Majid Jafar, Crescent Petroleum's chief executive, said prices could rise to as high as $80 per barrel if the economic crisis in Venezuela leads to further output falls. "My concern is that events in Venezuela could lead to a shock and prices could go to $80 per barrel this year," he told Reuters Television at the World Economic Forum in Davos.
The Central Bureau of Investigation (CBI) will probe top state-run utility NTPC and state-owned company MMTC, over whether they were involved in a scheme to import inferior quality coal from Indonesia and pass it off as superior grade. The CBI has registered a case against unnamed officials of NTPC and MMTC, as well as the owner of a private firm Coastal Energy Pvt.
* Stronger ringgit had sent palm lower earlier in the session * Market also up on technical rebound -trader (Updates with closing prices, quote) By Emily Chow KUALA LUMPUR, Jan 23 (Reuters) - Malaysian ...
Investing.com - Crude prices pushed higher on Tuesday, as investors looked ahead to weekly data from the U.S. on stockpiles of crude and refined products to gauge the strength of demand in the world’s largest energy consumer.
Jan 23 (Reuters) - South Sea Petroleum Holdings Ltd : * CITYHILL SIGNED AGREEMENT TO ESTABLISH A JOINT VENTURE WITH SCIENTIFIC ENERGY, INC Source text for Eikon: Further company coverage:
Jan 23 (Reuters) - Anhui Hengyuan Coal Industry and Electricity Power Co Ltd: * SAYS 2017 COMMERCIAL COAL SALES UP 42.9 PERCENT Y/Y AT 5.9 BILLION YUAN ($922.16 million) Source text in Chinese: http://bit.ly/2n2mEt7 ...
Prime minister Narendra Modi is in Davos to hard sell India as the world’s most attractive investment destination. But suppressed crude oil prices—the big joker in the pack that has in recent years helped India fix its finances—may spring an ugly surprise in 2018. Fuel consumption in India is set to double this year, after…
The German index pulled back initially during the trading session on Monday but found enough support near the €13,400 level to bounce a bit, looking very likely to go much higher. The market should continue to go higher based upon what I see, as this pullback has been very orderly, and has touched the previous high.
Fremont Petroleum Corporation Limited (ASX:FPL), a A$2.80M small-cap, operates in the oil and gas industry which has endured a prolonged oil price downturn since mid-2014. However, energy-sector analysts are forecastingRead More...
Investing.com - Crude oil prices were mixed in Asia on Tuesday with the government shutdown worries out of the way for at least three week and markets poised for weekly inventory figures.
Oil settled higher on Monday after dollar fluctuations and the restart of some Libyan oil fields caused the market to vacillate, with prices testing lower before rallying to levels just below three-year highs. Brent crude futures for March delivery settled up 42 cents, or 0.6 percent, at $69.03 a barrel, after earlier rallying to $69.51. The dollar index, which measures the greenback against six rival currencies retreated to near a three-year low, but pared losses as the U.S. government shutdown appeared poised to end.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures ended a four-session decline with a more than 1 percent ...
Who or what will stop the oil price hike? Two experts weighed in with Bloomberg, revealing that traditional energy analyses are making way for unconventional ones
TORONTO (Reuters) - Canada's main stock index edged lower on Monday as railroad and materials shares declined, offsetting gains for the energy group, which was supported by higher oil prices. - The Toronto Stock Exchange's S&P/TSX composite index fell 5.48 points, or 0.03 percent, to 16,347.98. - The modest decline came ahead of the resumption of talks on Tuesday to renegotiate the North American Free Trade Agreement. - Losses for the index were pared as stocks on Wall Street reached record highs after a deal by U.S. senators to end the federal government shutdown. ...
Investing.com – Crude oil prices settled higher as rising Libyan oil output was offset by ongoing optimism that major oil producers would remain committed to the deal to curb production.
Yancoal Australia Ltd (ASX:YAL), a AUDA$6.81B mid-cap, operates in the oil and gas industry which has seen a prolonged oil price downturn since mid-2014. However, energy-sector analysts are forecasting forRead More...
Investing.com - Natural gas futures edged higher to start the week on Monday, as market players monitored winter weather forecasts to gauge demand for the fuel.
Investing.com - Crude oil prices edged lower on Monday, despite support from recent comments by Saudi officials, as traders were still assessing U.S. production levels.
With its oil production falling to a nearly three-decade low, Venezuela is taking over the rotating presidency of OPEC for 2018