04302016Sat
Last update: Sat, 30 Apr 2016 02am

Europe

Markets - Energy - Europe

Oil price impact on Bunds short-lived as low yields scare investors LONDON: The impact of tumbling oil prices on German Bunds proved to be temporary on Monday as investors were reluctant to push yields lower so close to the anniversary of one of the biggest sell-offs in the European benchmark.Ten-year Bund yields fell as low as 0.119 percent after the market opened, but quickly bounced back above 0.14 percent even as oil prices were down 5 percent after a meeting by major exporters in Qatar that collapsed without an agreement to freeze output.It didn't help that markets expected no new easing signals from the European Central Bank at its meeting this week, having unveiled a comprehensive package in March aimed at creating inflation.Oil prices, which have fallen by as much as 70 percent since mid-2014, have played a major role in depressing bond yields due to their impact on inflation expectations. Some analysts had expected Bund yields to fall even further ...

Markets - Energy - Europe

Oil edges up on dollar retreat after mixed IEA report LONDON: Oil rose slightly on Thursday after the International Energy Agency (IEA) trimmed its forecast for demand growth but said a fall in oil output in the United States was speeding up.Oil rose after data showed consumer prices rising less than expected, pushing the dollar lower. A weaker dollar supports oil, making it more affordable to holders of other currencies.Brent crude futures were up 15 cents from their last close at $44.33 a barrel by ...

Markets - Energy - Europe

Oil steady in choppy market ahead of output freeze meeting LONDON: Oil steadied at around $44 per barrel on Thursday after the International Energy Agency (IEA) trimmed its forecast for demand growth but said a fall in oil output in the United States was speeding up.Brent crude futures were up 12 cents from their last close at $44.30 a barrel by 1138 GMT. U.S. crude was up 4 cents at $41.80 a barrel.The IEA trimmed its estimates for 2016 global demand growth from last month ...

Markets - Energy - Europe

Oil falls further on rising US stockpiles LONDON: Oil prices extended losses Thursday after a rise in US commercial crude reserves, while traders turned cautious before this weekend's crunch producers' meeting.A warning by the Organization of the Petroleum Exporting Countries that the world remains oversupplied also dampened sentiment as key producer nations prepared to gather in Doha for Sunday's talks on freezing output.At about 1030 GMT, US benchmark West Texas Intermediate (WTI) for delivery in May was down nine cents at $41.67 ...

Markets - Energy - Europe

IEA sees 'limited' impact from potential Doha oil output freeze PARIS: The global oil glut that has hit companies hard but meant cheap prices for consumers is set to ease by year's end, the International Energy Agency (IEA) said Thursday.However it said that any potential production freeze agreed by leading oil producers due to meet in Qatar on Sunday would only have a "limited" impact on supplies.Copyright AFP (Agence France-Presse), 2016 ...