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Brent crude climbs above $62 amid stronger Asian markets SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year.MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4 percent. Japan's Nikkei pared early gains but managed to eke out a 0.1 percent rise ahead of a Japanese public holiday on Tuesday, while Australian shares surged 1.9 percent.Brent rose more than a dollar to a session high of $62.61 per barrel but gave up some gains to trade up 85 cents at $62.23 by 0645 GMT. US crude was up 69 cents at $57.82 a barrel.Although analysts said prices would likely remain over $60 barrel for the rest of the year, they also said that further large price jumps were unlikely."Any oil relief rally is likely to be limited and short-lived, barring a ...
China's Nov Iran crude oil imports down 2.6pc BEIJING: China's November crude oil imports from Iran fell 2.6 percent from a year earlier to 2.13 million tonnes, or 517,560 barrels per day (bpd), customs data showed on Monday.On a daily basis, the November imports rose 53 percent from 338,635 bpd in October, while Jan-Nov imports rose 29.3 pct on year at 544,090 bpd.Copyright Reuters, 2014 ...
Sinopec says to raise winter gas supply 11pc BEIJING: China's Sinopec Corp plans to increase its commercial natural gas supplies to domestic users from November through March to 8.4 billion cubic metres (bcm), up 11 percent from last year, to meet strong winter demand.China faced a severe gas shortage last year as consumption peaked during the winter months in the world's top energy user, compelling it to ration and suspend supply to some industries in order to guarantee sufficient stock for home and ...
Oil prices extend gains in Asia SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.US benchmark West Texas Intermediate (WTI) for February delivery gained 79 cents to $57.92 while Brent crude for February added 91 cents to $62.29 in afternoon trade."We do not expect WTI and Brent to test new lows this week," said Daniel Ang, investment ...
Sinopec says to raise winter gas supply 11pc y/y BEIJING: China's Sinopec Corp plans to increase its commercial natural gas supplies to domestic users from November through March to 8.4 billion cubic metres (bcm), up 11 percent from last year, to meet strong winter demand. China faced a severe gas shortage last year as consumption peaked during the winter months in the world's top energy user, compelling it to ration and suspend supply to some industries in order to guarantee sufficient stock for home ...

 





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