TOKYO/LONDON—Oil edged lower on Monday pressured by worries over slowing demand in China, although concern over tight global supply and the deepening Ukraine crisis kept Brent crude above $111 a barrel. China’s economy slowed in March as consumption, real estate, and exports were hit, taking the shine off faster-than-expected first-quarter growth numbers and worsening an…
Asian Shares Sink as China Says First Quarter Growth at 4.8 Percent
BANGKOK—Shares were mostly lower in Asia and U.S. futures fell after China reported Monday that its economy expanded at a 4.8 percent annual pace in January-March. Benchmarks fell in Tokyo, Seoul, Taipei, and Shanghai. Seoul edged higher. Markets in Europe and in Hong Kong and Sydney were closed for holidays. Wall Street benchmarks declined last…
Russian Deputy PM Says Several Buyers Agree to Pay in Rubles for Russian Gas
April 15, 2022
admin
Alexander NovakBusiness & Economycommoditieseconomic policieseconomyenergyEuropeGasMarketsRublesRussiaRussia-Ukraine WarWorld
0 Comment
Several buyers of Russian gas have agreed to switch to payments in rubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision (to switch to roubles) from other importers,” he added, in comments published in the ministry’s in-house magazine. He did not disclose the identities of customers who had already switched….
US Oil Drilling, Output Moving Higher With Energy Prices
U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as U.S. prices stay above $100 per barrel, propelled by Russia’s invasion of Ukraine. Prices are…
Asian Shares Fall, Trading Muted With Good Friday, Holidays
TOKYO—Asian shares fell in muted trading as most world markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul, and Shanghai. Sydney, Manila, Bangkok, and Hong Kong were among Asian markets observing holidays on Friday. U.S. and European markets also were closed. After markets closed, China’s central bank freed up extra…
Gold Dips Slightly, Remains High as Inflation and War Lift Demand
April 14, 2022
admin
Business & EconomycommoditiesEuropeGold PricesinflationMarketsPrecious MetalsRussia-Ukraine WarUSWorld
0 Comment
Gold futures dipped on April 14 after five weeks of consecutive gains, but rising inflation and safe haven demand driven by the Russia–Ukraine conflict have kept the precious metal on track for a second consecutive weekly gain, up about 1.2 percent. U.S. gold futures declined 0.6 percent to $1,973.30 an ounce, while spot gold fell 0.5 percent to…
Environmentalists Would Ban Urban Car Use and Internal Flights in Europe to End Russian Energy Imports
April 14, 2022
admin
Business & Economycommoditieseconomic policieseconomyenergyEnvironmentEuropeflightsinflationInternationalMarketsOilRussiaRussia-Ukraine WarScienceWorld
0 Comment
A March report from the environmentalist group RePlanet is pushing for an immediate halt to imports of Russian oil, natural gas, and coal by European countries, arguing that major policy shifts could rapidly end that dependence. While the European Union has pledged to phase out Russian fossil fuel imports by 2027, the RePlanet campaigners aim to…
Oil Prices Fall as Market Weighs Mixed Supply Signals
LONDON -Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down $1.52, or 1.4 percent, at $107.26 a barrel, while U.S. West Texas Intermediate futures were off $1.38 or 1.3 percent, at $102.87 a…
European Shares Edge up Ahead of ECB Meeting
LONDON/BEIJING—Stock markets made slim gains on Thursday ahead of a European Central Bank meeting that could herald tighter policy, as U.S. Treasury yields eased and the dollar retreated on hopes that inflation may be close to peaking. Traders were waiting for a European Central Bank meeting for possible clues on a clearer schedule for unwinding…
Oil Prices Extend Gains With Falling Supplies in Focus
LONDON—Oil prices rose by more than 2 percent on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains. Brent crude rose by $2.26, or 2.2 percent, to $106.90 a barrel by 1126 GMT while…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`