US President Donald Trump on Thursday called on Saudi Arabia and the other Organization of the Petroleum Exporting Countries (OPEC) nations to reduce oil prices, asserting that lower prices would help bring the war between Russia and Ukraine to an immediate end. US President Donald Trump is seen on a large screen during his address…
WASHINGTON (AP) — President Donald Trump used an address Thursday to the World Economic Forum to promise global elites lower taxes if they bring manufacturing to the U.S. and threatened to impose tariffs if they don’t. Speaking by video from the White House to the annual summit in Davos, Switzerland, on his third full day…
Crude oil prices were heading towards a weekly gain earlier today following an update from the World Bank on the growth prospects of the Chinese economy next year. Brent crude was trading at $73.18 per barrel at the time of writing, with West Texas Intermediate at $69.58 per barrel, after the World Bank revised upwards…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
Lululemon reported strong earnings thanks to international growth. (Photo by Gary Hershorn/Getty … [+] Images) Getty Images Key Takeaways November Jobs Report Exceeds Expectations With Upward Revisions For Prior Months Strong Earnings Drive Premarket Gains For DocuSign, Lululemon, And Ulta Inflation Data And Major Earnings Highlight Upcoming Week’s Market Focus It’s been a quiet week…
(Bloomberg) — Oil steadied after OPEC+’s decision to push back the revival of shuttered production by another three months failed to lift sentiment in a market that’s expected to suffer from a glut next year. Most Read from Bloomberg Brent crude traded near $72 a barrel after closing 0.3% lower on Thursday, with West Texas…
By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East. Brent crude futures climbed 12 cents, or 0.2%, to $72.43 a barrel…
Crude oil prices were set for a weekly loss today despite a flare-up in the Middle East and the virtual certainty OPEC+ would not be bringing any barrels back anytime soon. Brent crude was trading at $73.38 per barrel at the time of writing, and West Texas Intermediate was changing hands for $69.15, both up…
Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg via Getty Images Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to…
Refinery run rates in China fell for the seventh month in a row in October, shedding 4.6% on an annual basis, data from the country’s statistics agency showed, as quoted by Reuters. As a result of the series of monthly declines, average refinery run rates for the first ten months of the year booked a…