CNOOC joins Hang Seng index
China National Offshore Oil Corporation Limited has announced that it is to become a component Hang Seng China Enterprises Index as of 5 March 2018.
Markets
Consumers to get brief respite as January inflation lower
Inflation is expected to have eased at the start of the year, giving consumers a further reprieve from the Brexit-induced jump in the cost of living.
Diesel demand stays strong as oil falters
Oil investors rattled by the threat of U.S. output can find some cheer from diesel demand in Asia.
Inflation set to edge downwards when latest figures are revealed
Inflation is expected to have eased at the start of the year, giving consumers a further reprieve from the Brexit-induced jump in the cost of living.
Updated: Oil set for worst week in a year
Oil was headed for its worst week in almost a year as the global risk-asset rout troubled investors already concerned over growing U.S. supply.
Oil drops as volatility concern counters reported inventory draw
Oil extended declines as persistent volatility in global markets prompted caution among traders, even as U.S. inventories reportedly fell.
Investors spooked after struggling Weatherford’s poor earnings
Major oil field services player Weatherford International is still reeling on Wall Street after posting a big financial loss amid its new leadership's efforts to scale back and right the ship.
Oil set for the longest losing streak in two months
Oil is set for the longest losing streak in two months as a global rout sparked by a plunge in U.S. equities bled into Asian hours, dragging down everything from commodity markets to energy stocks.
Exxon, Chevron perform poorly as energy stocks take a tumble
Exxon Mobil Corp. and Chevron Corp. are the dogs of the Dow, at least for today.
Brent slips to lowest in a month after U.S. drilling expands
Oil’s rally is unraveling on fears over a rise in U.S. production and as a deepening slump in equities undermined market support.
Goldman says oil to surpass $80 with market likely balanced
Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33 percent, saying the market is now likely balanced.
Oil loses steam on threat of inventory growth and dollar’s gain
Oil’s slowing down as danger signs flash ahead.
US oil’s spread to Brent narrows to tightest in five months
U.S. oil strengthened against the global Brent benchmark, reducing the gap to the narrowest in five months amid declining stockpiles.
Oil unstoppable as hedge funds take bets to new high
The enthusiasm in the oil markets is breaking records.
Bankers, policy makers at Davos revel in ‘sweet spot’ economy
The global elites have rediscovered their animal spirits.
Oil set for weekly gain as crude stockpiles and dollar decline
Oil headed for a weekly increase as U.S. crude stockpiles dropped further and the nation’s currency weakened.
Brent recorded above $71 for first time since 2014
Brent crude rose above $71 per barrel earlier today for the first time since 2014 thanks to a drop in US oil stocks.
Airbus boasts of “solid” performance after 54 Super Puma bookings
Airbus today hailed its "solid commercial performance in 2017", after recording 54 Super Puma bookings.
How to make money from volatility rise: Morgan Stanley’s ideas
Prospects for a winding back of central bank stimulus this year, along with a potential pick-up in global inflation, have boosted the risk of greater fluctuations in asset markets that have largely moved in tandem in recent years.
Crude loses upward momentum amid U.S. output growth worries
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
Oil hovers near 3-year high as U.S. stockpiles forecast to drop
Oil held near a three-year high ahead of U.S. inventory data that’s expected to show a ninth week of crude-stockpile declines.
Aramco ‘ready for IPO’ as listing venues up in air
Saudi Arabian Oil Co. is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, Chief Executive Officer Amin Nasser said.
Updated: Oil extends slide on speculation hedge-fund buying went too far
Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.
Updated: Hurricane Energy raising standards with view to premium listing
North Sea oil explorer Hurricane Energy said today that it was raising its corporate governance standards as it weighs up a premium listing for its ordinary shares.
Crude takes a step lower as price reversal seen looming
Oil edged lower as a record crude-buying spree by hedge funds spurs concern that surging prices since the year began may spark a correction.