Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. U.S. Continue Reading
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is Continue Reading
The Iraqi cabinet on Sunday approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Continue Reading
Kingdom currently has two fields, one shared with Saudi Arabia New undersea deposit lies off Gulf nation’s western coast Bahrain, the smallest energy producer in the Persian Gulf, discovered its Continue Reading
Manufacturing PMI posts first increase since November New export orders PMI recovers after seasonal soft patch A gauge of activity at China’s manufacturers posted its first gain since November, as Continue Reading
China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies Continue Reading
SoftBank Group Corp has agreed to launch a $930 million Indian joint solar energy venture with Chinese firm GCL System Integration Technology Co Ltd as part of its ambitious India Continue Reading
China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum. The Chinese Continue Reading
The Chinese government plans to immediately impose tariffs on 128 U.S. products, including pork and certain fruits, a direct response to President Trump’s recent moves to pursue numerous trade restrictions Continue Reading
Just days after Beijing officially launched Yuan-denominated crude oil futures ( with a bang , as shown in the chart below, surpassing Brent trading volume) which are expected to quickly Continue Reading
