Saudi Aramco may sell more shares if market is right: PIF

(Reuters) - Saudi Aramco (SE:2222) may consider selling more shares if market conditions are right, the head of Saudi Arabia's sovereign wealth fund told a news briefing on Tuesday. The Saudi government sold more than...

Barclays raises 2021 oil view; sees near-term risks from rising virus cases in China

(Reuters) - Barclays (LON:BARC) raised its 2021 oil price forecasts on Monday, driven by 'transitory factors' such as improved winter fuels demand due to colder weather, especially in Asia, and a weaker U.S. dollar. The...

Oil prices rise as optimism over economy outweighs fuel demand concerns

(Reuters) - Oil prices climbed on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption. Brent crude futures...

Latest global lockdowns delay fuel demand recovery

(Reuters) -Severe mobility restrictions across Europe to contain a surge in COVID-19 cases weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021. Most of Europe is now...

Trump administration readies oil bidding in Alaska wildlife refuge

(Reuters) - The Trump administration on Wednesday will open bidding on drilling leases in a pristine Arctic wildlife refuge in Alaska despite tepid interest from the oil and gas industry and a pledge from...

Most OPEC+ countries prefer to hold output steady in Feb – sources

(Reuters) - Most OPEC+ countries would like to postpone a planned increase in oil output from February due to weakening fuel demand amid new global lockdowns to stop the spread of the coronavirus, three...

Venezuela’s oil exports sink to 1940’s level under tighter U.S. sanctions -data

(Reuters) - Pressured by strict U.S. sanctions, Venezuela's oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President...

Oil up on hopes of demand recovery, lower U.S. inventories

(Reuters) - Oil gained ground on Wednesday as a U.S. coronavirus fiscal aid package and a decline in crude oil inventories lifted prices. Brent crude futures rose 35 cents, or 0.7%, to $51.44 a barrel...

A historic oil price collapse, with worries headed into 2021

(Reuters) - This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In...

Gold Gains on Weaker Dollar as Historic Brexit Trade Deal Awaits

Gold advanced as the dollar held a decline and investors await details of a post-Brexit trade accord. The U.K. and the European Union are on the verge of unveiling an historic agreement, with negotiators putting...
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Visa embraces crypto settlements, chooses Ethereum blockchain

Payment giant Visa announced on Monday that it will start using digital assets to settle transactions on its payment network. In a report credited to...

TA: Ethereum Retreats From $1,850, Why ETH Remains Attractive Near $1,750

Ethereum extended its rally above the $1,800 resistance against the US Dollar. ETH price is currently correcting lower from $1,840, but it might find...

Samsung Electronics’ Texas chip output returns to near-normal levels

(Reuters) -Samsung Electronics said on Tuesday that production at its U.S. chip plant at Austin, Texas had returned to near-normal levels as of last...

Nomura flags $2 billion loss, cancels bond issue; shares plummet

(Reuters) -Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan's biggest brokerage and investment bank to...

Overseas athletes may be able to take part in Olympic test events, organisers say

(Reuters) - International athletes could be invited to participate in test events before the Tokyo 2020 Olympic Games this summer, organisers said on Monday. The...