06282016Tue
Last update: Tue, 28 Jun 2016 10am

Asia

Markets - Energy - Asia

Oil futures fall as global growth, Brexit concerns weigh TOKYO: Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit.Brent crude oil futures slipped below $50 a barrel, falling 44 cents to $49.91 by 0445 GMT, dropping for a fourth successive day.U.S. crude was down 47 cents, or nearly 1 percent, at $48.41 a barrel, also down for a fourth day in a row.A stronger dollar overnight spilled into the oil market, while markets eyed recent polls showing Britain's "Leave" campaign in the lead ahead of a referendum on membership of the European Union."The risk-off mood that has been pervasive in the markets in the last few days has taken hold of oil prices, with weakness in Asian markets and a strong dollar contributing to Brent crude dripping back below $50 ...

Markets - Energy - Asia

Oil prices fall with world markets, stockpiles data eyed SINGAPORE: Oil prices fell more than one percent in Asia Tuesday, extending a sell-off on speculation about a pick-up in production while world markets are rattled by fears over Britain's possible exit from the European Union.After a rally in the commodity that saw the US benchmark hit an 11-month high last week, investors are beginning to cash in and search out safe havens such as the yen and gold.Equities markets around the world have been ...

Markets - Energy - Asia

China's preliminary May oil demand down 0.8pc y/y BEIJING: China's preliminary May implied oil demand inched down 0.8 percent year on year and fell from April's record high level, as a pick-up in maintenance led to lower refinery throughput. China consumed about 10.24 million barrels per day (bpd) of oil, down almost 380,000 bpd from a record daily consumption volume reached in April, Reuters calculations showed. The drop in demand, excluding oil stocks adjustment, was mainly due to a 460,000 bpd decline in ...

Markets - Energy - Asia

Asia-Pacific Crude-Aug Pyrenees, NWS condensate supplies up SINGAPORE: Asia-Pacific crude market held steady on Monday as more loading programmes emerged.BHP will market two Pyrenees cargoes loading in August, up from one in the previous month, a trader said.North West Shelf condensate (NWSC) supplies will also rise by one cargo in August from the previous month, traders said.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), edged down 3 cents to $3.68 a barrel for August.PRICEPetronas has set the ...

Markets - Energy - Asia

Oil prices fall as economic concerns rise SINGAPORE: Oil prices fell on Monday, weighed down by Asia's darkening economic prospects and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies more expensive.Yet, high Middle East tanker charting and strong car sales in China provided some support, traders said.Brent crude oil futures fell back below $50 per barrel, trading at $49.89 at 0644 GMT, down 65 cents, or 1.29 percent, from their last settlement.US crude was ...

Markets - Energy - Asia

Oil prices fall back below $50 as economic concerns rise SINGAPORE: Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.International Brent crude oil futures fell back below $50 per barrel, trading at $49.89 at 0127 GMT, down 65 cents, or 1.29 percent, from their last settlement.U.S. West Texas Intermediate (WTI) crude was down 78 cents, or over 1.5 percent, ...

Markets - Energy - Asia

Oil prices retreat with global markets as more rigs restart SINGAPORE: Oil prices slipped again Monday, extending last week's losses and mirroring a sell-off across Asian markets fuelled by worries about the global economy, Britain's future in the EU and producers bringing more rigs back online.The retreat comes after US benchmark West Texas Intermediate last week hit an 11-month high thank to a weaker dollar, which makes the commodity cheaper for anyone using other currencies.Dealers are cautiously awaiting meetings of the US Federal Reserve and ...