05272016Fri
Last update: Fri, 27 May 2016 03pm

Asia

Markets - Energy - Asia

Oil prices recover as Iran talks, Greek crisis drag on SINGAPORE: Oil prices recovered Thursday after the Iran nuclear talks were extended until July 7, giving oversupplied markets a breather despite uncertainty over the Greek financial crisis, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery was up 10 cents at $57.06 in late morning Asian trade while Brent was 23 cents higher at $62.24."With the deadline now extended into next week on finding a comprehensive agreement on Tehran's nuclear programme, the markets will monitor closely the outcome of the negotiations as Iran sits on the fourth-largest oil reserves and second-largest gas reserves in the world," said Sanjeev Gupta, head of the Asia-Pacific Oil and Gas practice at Ernst and Young.Daniel Ang, investment analyst at Phillip Futures, said "we continue to focus on the timing that Iranian crude would flow into the market for this situation".Oil futures prices fell Wednesday after the Department of Energy reported an unexpected ...

Markets - Energy - Asia

Oil prices down as Greece default looms SINGAPORE: Oil prices extended losses in Asia Tuesday on expectations Greece will miss a key debt repayment later in the day and edge closer to a eurozone exit, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery fell 23 cents to $58.10 while Brent crude for August eased 15 cents to $61.86 in late-morning trade.WTI sank $1.30 and Brent lost down $1.25 Monday. Crude tracked losses in global equity markets Monday after Greek ...

Markets - Energy - Asia

Oil slides on Greek default fears SINGAPORE: Oil prices fell in Asia Monday tracking the sell-off in global equity markets on fears of a Greek debt default, analysts said.US benchmark West Texas Intermediate for August delivery fell 82 cents to $58.81 while Brent crude for August eased 70 cents to $62.56 in late-morning trade.Asian equity markets and the euro were facing sell-offs at the start of the week after cash-strapped Greece broke off deadlocked talks with creditors over the weekend, despite ...

Markets - Energy - Asia

Oil prices mixed with focus on Greece SINGAPORE: Oil prices were mixed in Asia Friday as dealers eyed the deadlocked Greek debt talks expected to come to a head over the weekend, analysts said. US benchmark West Texas Intermediate for August delivery fell eight cents to $59.62 while Brent crude for August gained 20 cents to $63.40 in mid-morning trade. "The focus for Friday and into the weekend will be on Greece," said Singapore's United Overseas Bank. Crude investors were weighing the ...

Markets - Energy - Asia

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday following a bearish US energy report, while talks over crude producer Iran's nuclear programme dragged on, analysts said. US benchmark West Texas Intermediate for August delivery fell three cents to $60.24 while Brent gained 14 cents to $63.63 in mid-morning trade.Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy EY, said oil prices were pressured by the US Department of Energy's weekly petroleum ...

Markets - Energy - Asia

Hong Kong stocks end 0.26pc up, Shanghai extends rebound HONG KONG: Equities in Hong Kong rose 0.26 percent Wednesday, a fourth straight gain, on hopes Greece will agree a debt reform deal with its creditors, while Shanghai extended the previous day's gains on improved liquidity.The benchmark Hang Seng Index added 71.51 points to 27,404.97 on turnover of HK$117.04 billion (US$15.10 billion).In mainland China the benchmark Shanghai Composite Index jumped 2.48 percent, or 113.66 points, to 4,690.15 on turnover of 815.1 billion yuan ($133.3 billion).The ...

Markets - Energy - Asia

Oil prices rise further in Asia SINGAPORE: Oil prices extended their gains in Asia Wednesday on expectations of a decline in US crude inventories and robust economic data from the eurozone, analysts said.US benchmark West Texas Intermediate for August delivery was up 12 cents at $61.13 a barrel and Brent climbed 11 cents to $64.56 in late-morning trade.Both contracts also ended higher on Tuesday as traders bet on a fall in stockpiles when the US Department of Energy releases its weekly ...