All
 

 

Just in:  

You are here: Home

Asia

Archive

Falling global crude prices bolster India's economic outlook NEW DELHI: Falling crude oil prices have helped Indian lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third.In China, a short hop across the Himalayas, slumping consumer demand has sparked fears of deflation as it wrestles with flagging global economic growth.But in India, lower prices are allowing consumers like Mehra who drive much of the economy to open their wallets after years of fierce inflation.It is a welcome change for the 41-year-old father of two, who disliked using the crowded and erratic bus service to get to work in Gurgaon, a business city near New Delhi. Until a few months ago, rising petrol prices had left him with no choice."While cars were becoming cheaper, petrol prices were skyrocketing," he said as he refuelled his car in downtown New Delhi. "We would joke that banks should ...
Oil prices mixed as caution returns SINGAPORE: Oil prices were mixed in Asian trade Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.US benchmark West Texas Intermediate for November delivery advanced 30 cents to $83.01 a barrel in afternoon trade, but Brent crude for December reversed earlier gains and fell three cents to $85.37.Daniel Ang, investment analyst with Phillip Futures in Singapore, said investors were cheered ...
China Sept crude oil throughput climbs 9.1pc on year BEIJING: China's refinery throughput rose 9.1 percent in September from a year earlier to 42.0 million tonnes, or 10.22 million barrels per day (bpd), data from the National Bureau of Statistics showed on Tuesday. The daily run rate is up 4.8 percent compared with the 9.75 million bpd recorded in August.Copyright Reuters, 2014 ...
Brent extends gains at above $85 as China oil demand rises SINGAPORE: Brent edged up on Tuesday, holding above $85 a barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy. Implied oil demand at the world's largest energy consumer jumped 6.2 percent in September from August to 10.3 mln barrels per day, the highest since February, as crude throughput and imports reached their second-highest level this year amid a continued stockbuild. Front-month Brent ...
Oil prices up on China industrial output data SINGAPORE: Oil prices rose in Asian trade Tuesday, buoyed by strong industrial production data from China, the world's top energy consuming nation, analysts said.US benchmark West Texas Intermediate for November delivery advanced 17 cents to $82.88 a barrel in late-morning trade and Brent crude for December added four cents to $84.44.Daniel Ang, investment analyst with Phillip Futures in Singapore, said investors were cheered after China said industrial production, which measures output at factories, workshops and ...