Hong Kong should develop its shipping insurance and management capabilities, among other areas, to strengthen its status as a global maritime hub amid intensifying geopolitical tensions, former city leader Leung Chun-ying has said. Leung, in his capacity as co-founder and honorary adviser to the Hong Kong Chamber of Shipping, said in a wide-ranging interview last…
By Anna Hirtenstein LONDON (Reuters) -Oil prices edged lower on Friday, heading for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine. Brent crude futures were down 15 cents, or 0.25%, at $60.91 a…
By Sam Li and Jeslyn Lerh (Reuters) -Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency’s warning of a supply surplus in 2026 and U.S.-China trade tensions that could hurt demand. Brent crude futures fell 12 cents, or 0.19%, to $62.27 a barrel…
Published on: Sept 05, 2025 02:52 pm IST Brent crude futures fell 35 cents, or 0.5%, to $66.64 a barrel by 0810 GMT, while U.S. West Texas Intermediate crude dropped 33 cents, or 0.5%, to $63.15. Oil extended its decline into a third session on Friday, heading for a weekly loss for the first time…
By Sam Li and Florence Tan (Reuters) -Oil prices edged higher on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand. Brent crude futures rose 6 cents, or 0.09%, to…