SYDNEY (Reuters) – Australian businesses reported a decent increase in profits for the first three months of the year, supported by surging iron ore prices while higher wages and inventories may have also helped prop up momentum in the slowing economy. Data fr... More »
JAKARTA (Reuters) – Indonesia’s economy expanded more slowly than expected in the first quarter of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum. Southeast Asia’s largest economy grew 5.07 percent i... More »
FILE PHOTO: The U.S. Capitol is seen from behind trees after President Donald Trump and the U.S. Congress failed to reach a deal on funding for federal agencies in Washington, U.S., January 20, 2018. REUTERS/Joshua Roberts (Reuters) – Commodities markets shoul... More »
FILE PHOTO: A man pumps petrol for his car at a petrol station in Hanoi, Vietnam December 20, 2016. Oil edged up to around $49 a barrel on Monday as a slowdown in the increase of rigs drilling in the United States eased concern that surging shale supplies will... More »
A man walks at Lujiazui financial district of Pudong in Shanghai, China July 17, 2017. China’s economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to... More »
FILE PHOTO: An employee pumps petrol into a car at a petrol station in Hanoi, Vietnam December 20, 2016. Oil rose above $48 a barrel on Wednesday in response to a fall in U.S. fuel inventories and a cut in the U.S. government’s forecast for crude output next y... More »
A worker walks past oil pipes at a refinery in Wuhan, Hubei province March 23, 2012. REUTERS/Stringer/File Photo Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets remain under pressure from high drilling act... More »
FILE PHOTO: Eighteen oil pumpjacks are seen on a Hess well pad near Tioga, North Dakota April 30, 2016. REUTERS/Andrew Cullen/File Photo Oil prices fell more than 2 percent on Friday after data showed U.S. production rose last week just as OPEC exports hit a 2... More »
An employee pumps petrol for clients at a petrol station in Hanoi, Vietnam December 20, 2106. REUTERS/Kham Brent crude oil remained below $50 per barrel on Wednesday, weighed down by another rise in OPEC supplies despite a pledge to cut production, but geopoli... More »
An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo Oil prices flirted with both positive and negative territory on Tuesday, hovering around $50 a barrel on tentative signs th... More »
FILE PHOTO: A wellhead is seen at an Occidental Petroleum Corp carbon dioxide enhanced oil recovery project in Hobbs, New Mexico, U.S. on May 3, 2017. REUTERS/Ernest Scheyder Oil prices edged up on Monday, supported by the first fall in U.S. drilling activity ... More »
An oil rig drilling a well at sunrise, owned by Parsley Energy Inc. near Midland, Texas, U.S., May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder Oil prices rose 1 percent early on Monday on a weaker dollar, but an increase in U.S. drilling activi... More »
A diesel oil pump is seen at a bus terminal in Vienna, Austria May 31, 2017. REUTERS/Heinz-Peter Bader Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despit... More »
FILE PHOTO: Workers chat outside a construction site in Beijing’s central business district, December 29, 2014. REUTERS/Jason Lee/File Photo China’s economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and s... More »
Workers clamp together pieces of pipe while drilling an oil well near Fort Stockton, Texas, U.S., May 4, 2017. REUTERS/Ernest Scheyder Oil prices fell on Wednesday after industry data showed a build in U.S. crude stocks and OPEC reported a rise in its producti... More »
FILE PHOTO: People walk in Omotesando shopping district in Tokyo, Japan May 17, 2017. REUTERS/Toru Hanai/File Photo Japan’s economic growth was much weaker in the first quarter than initially estimated, the Cabinet Office said, but analysts made light of the d... More »
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led ... More »
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada July 21, 2014. REUTERS/Todd Korol/File Photo Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. More »
Venezuela’s Oil Minister Nelson Martinez talks to journalists after a meeting in Vienna, Austria May 24, 2017. REUTERS/Leonhard Foeger Venezuela is considering several options to repay its debts, the oil minister said on Thursday, after a deep recession and lo... More »
A man walks in front of the Novokuibyshevsk refinery near the city of Samara, October 28, 2010. REUTERS/Nikolay Korchekov/File Photo Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and R... More »
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Oil prices rose on Thursday, with global benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. ... More »
FILE PHOTO: A Total petrol station is seen in Libreville, Gabon, February 2, 2017. Picture taken February 2, 2017 REUTERS/Mike Hutchings/File Photo Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders s... More »
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. REUTERS/Sergei Karpukhin/Files Oil prices recovered lost ground on Monday following big losses last week, driven by expectations that OPEC will extend a ple... More »
A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-Hoon Oil prices regained some ground on Thursday after steep losses the previous day, as Kuwait said it expected an OPE... More »
FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to b... More »
FILE PHOTO: A man pumps petrol for his car at a petrol station in Hanoi, Vietnam December 20, 2016. REUTERS/Kham/File Photo Oil prices fell on Thursday as record U.S. crude inventories underscored that markets remain bloated, although traders said there were s... More »
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Oil prices edged up on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inven... More »
FILE PHOTO – An American flag flies next to a Volkswagen car dealership in San Diego, California, U.S. on September 23, 2015. REUTERS/Mike Blake/File Photo Volkswagen AG (VOWG_p.DE) said the U.S. Environmental Protection Agency has approved its request to sell... More »
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on th... More »
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite ... More »
An oil derrick and wind turbines stand above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas Jackson Oil prices dipped on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supp... More »
A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader OPEC and non-OPEC countries have made a strong start to loweri... More »
A person carrying an umbrella walks by the Ogranization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 4, 2016. REUTERS/Heinz-Peter Bader Global oil supply could fall in line with demand more quickly if OPEC and Russia agre... More »
WASHINGTON, June 14 U.S. business inventories barely rose in April as sales recorded their biggest increase in more than two years, pointing to a slow pace of inventory accumulation that could weigh on economic growth in the second quarter. The Commerce Depart... More »
WASHINGTON U.S. small business confidence rebounded from a two-year low in April amid growing labor market optimism, supporting views economic growth will regain momentum in the second quarter. The National Federation of Independent Business (NFIB) said on Tue... More »
TOKYO Toyota Motor Corp (7203.T) said on Monday it would halt production at all car assembly plants in Japan from Feb. 8 to Feb. 13 due to a steel shortage following an explosion at a steel plant of one of its affiliates. The world’s biggest automaker said on ... More »
