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
China launches aviation fuel index amid slowest demand growth in four years
Passenger travel makes up 97 percent of China’s total jet fuel consumption, which makes up some 13 percent of the global market, CNAF executives said
Oil falls 1 percent, U.S. crude on longest losing streak since 1984
Brent slumped about 3.6 percent for the week and more than 15 percent this quarter
Asian stock markets sink after Wall Street rally fades
The Shanghai Composite Index lost 1.3 percent to 2,614.37 and Tokyo’s Nikkei 225 retreated 0.8 percent to 22,310.16
Oil prices fall into bear market on rising supply, economic concerns
Both Brent and WTI have declined by around 20 percent from the four-year highs they reached in early October
Asian shares mostly higher ahead of US midterms vote
Japan’s Nikkei 225 index jumped 1.1 percent to 22,147.75 and the Kospi in South Korea added 0.6 percent to 2,089.62
Oil drops on Iran sanction exemptions, economic concerns
International Brent crude oil futures were down 28 cents, or 0.4 percent, at $72.89 a barrel
China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources
China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data
Oil drops 1% as U.S. allows Iran sanctions waivers
Both contracts have fallen more than 15 percent from the near four-year highs touched in early October on worries the looming Iran sanctions could drain supply from global markets
Asia starts November up on strong Wall Street after brutal October
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9 percent, adding to modest gains the previous day, though this came after a brutal October month
Oil prices fall on signs of rising supplies, ebbing confidence on global economy
Thursday’s drops came after U.S. Energy Information Administration data showed crude oil inventories climbed for a sixth straight week