Oil prices climb amid expected OPEC cut, but markets remain wary
Front-month Brent crude oil futures were at $67.29 per barrel at 0259 GMT, up 53 cents, or 0.8 percent, from their last close
Gold prices hit 1-week high amid Brexit turmoil
Prices are expected to end the week higher after declining nearly 2 percent last week
Asia shares mixed on uncertainty over trade tensions
Japan’s Nikkei 225 index lost 0.4 percent to 21,717.57 and the Hang Seng in Hong Kong gave up 0.5 percent to 25,967.01
Oil rises on expected OPEC cuts, but surging U.S. supply drags
OPEC’s de-facto leader Saudi Arabia wants the cartel and its allies to cut output by about 1.4 million barrels per day (bpd), around 1.5 percent of global supply, sources said this week
Asian stocks higher after Wall Street fall, Brexit approval
The Shanghai Composite Index rose 1 percent to 2,659.12 and Hong Kong’s Hang Seng added 1 percent to 25,907.2
Oil prices resume decline on oversupply worries
Since early October, oil prices have lost around a quarter of their value as supply soars just as demand is expected to slow down along with an economic downturn
China to boost grain imports from ‘Belt & Road’ countries amid Sino-U.S. trade spat: Official
The country’s meat demand could hit 123 million tonnes while demand for grain is expected to peak at 750 million tonnes, the researcher added, without saying when those numbers would be reached
Gold edges up as dollar dips from multi-month high
The dollar index, which measures the greenback against a basket of six major currencies, was down about 0.2 percent, pulling back from a 16-month high
Oil extends slide from 7 percent slump the day before as outlook darkens
Crude oil has lost over a quarter of its value since early October in what has become one of the biggest declines since prices collapsed in 2014
Pakistan risks foreign investment with threat to reopen LNG deals: Former PM
Exxon Mobil returned to Pakistan in May with an investment in an offshore drilling project. It has expressed interest in building an LNG terminal in the country
Economic growth in energy-rich Gulf to recover in 2018: IMF
For oil-importing countries in MENA, growth is expected to continue at a modest pace of 4.5 percent in 2018, before dropping back to four percent next year, the IMF said
Asian stocks sink after Wall Street tech sell-off
Tokyo’s Nikkei 225 lost 2.3 percent to 21,760.59 while the Shanghai Composite Index gained 0.8 percent to 2,652.70
In race to fill LNG supply gap, project goalposts have changed
But projects have struggled to find off-takers as the world’s biggest buyers in Japan and South Korea seek nimbler terms while others such as India and Pakistan are less creditworthy
Asia shares gain ahead of key data; oil recovers
Japan’s Nikkei 225 added 0.2 percent to 22,284.23 and Hong Kong’s Hang Seng rose 0.5 percent to 25,716.59
Oil prices rise by 1 percent after Saudi announces December supply cut
The announcement came after crude prices declined by around 20 percent over a month, as supply has surged, especially by the top-three producers the USA, Russia and Saudi Arabia