Shares in Asia-Pacific mostly rose in Monday trade, though India’s markets lagged as the country continues to see a surge in Covid-19 infections.
Mainland Chinese stocks led gains among the region’s…
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with…
Shares in Asia-Pacific edged higher on Friday as investors reacted to the release of Chinese economic data.
Mainland Chinese stocks closed higher as the Shanghai composite gained 0.81% to 3,426.62 while the Shenzhen component advanced 0.296%…
Oil prices extended gains on Friday, recording a weekly gain of more than 6% with an improved oil demand outlook and strong economic recoveries in China and the United States,…
Oil prices tumbled on Thursday after holding around one-month highs in the previous session, having surged at around 5% after the International Energy Agency (IEA) and OPEC raised forecasts for…
Shares in Hong Kong led gains in Asia-Pacific during Wednesday trade as Chinese tech stocks listed in the city jumped.
Hong Kong’s Hang Seng index led to gains among the region’s major…
However, a closer look at fuel cost tabulation indicates that taxes make up over 50 per cent of Kenya’s retail fuel prices.
Oil extended gains on Wednesday during early Asian trading hours after an industry report pointed to another decline in U.S. crude stockpiles followed by OPEC raising its outlook for oil…
Oil prices edged higher today amidst tensions in the Middle East after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites and an expected drawdown in crude…
Oil prices edged higher on Monday as investors watched out for the short-term demand outlook amid the rising cases of COVID-19 in some regions. In contrast, a rising dollar reduced…
Oil prices edged up in early Asian trade on Friday, supported by a weaker dollar, as investors weighed rising supplies and the impact on fuel demand from the COVID-19 pandemic.
Brent…
Oil prices fell on Thursday after official figures showed a big increase in U.S. gasoline stocks, causing concerns about demand for crude weakening in the world’s biggest consumer of the…
Oil has recovered from historic lows last year with the support of record OPEC+ cuts, most of which will remain after July. Demand is expected to recover further in the…
Crude prices rose on Thursday, redeeming some of the previous session’s losses on expectations that a meeting of OPEC + on Thursday would yield output constraint in the face of…
Shares in Asia-Pacific traded mixed on Wednesday as official data showed China’s factory activity growing in March.
In Japan, the Nikkei 225 shed 0.63% while the Topix index declined 0.68%. South Korea’s Kospi, on…
Oil prices rose on Wednesday, paring overnight losses a day ahead of a meeting of OPEC and its allies, with investors betting the producers will largely agree to extend their…
Shares in Asia-Pacific were mixed on Tuesday as investors watched the movement in shares of Japanese financial services firm Nomura following their Monday plunge.
The Nikkei 225 in Japan traded fractionally higher while…
Asian markets opened higher on Friday after U.S. equities rose as investors weighed the outlook for economic growth and inflation and welcomed vaccination rollouts progress.
By the Friday market close on…
Oil prices reversed a sharp sell-off a day earlier to rise 1% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the…
Shares in major Asia-Pacific markets were mixed on Thursday, though tech stocks in the region took a hit following a sell-off in the sector overnight on Wall Street.
In Japan, the Nikkei…
Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude…
Oil prices fell 1% on Tuesday amidst concerns that curb the spread of the coronavirus pandemic and slow vaccine rollouts in Europe will slow recovery in fuel demand and as…
Asian shares were mixed Monday as the U.S. Federal Reserve’s announcement shook sentiment that it would end some emergency measures put in place last year to help the financial industry deal…
Oil prices extended losses on Monday, amidst concerns that European lockdowns may slow down the expected recovery on oil demand.
Brent crude was down 34 cents, or 0.5%, at $64.19 a barrel…
Oil prices fell on Friday for the sixth day in a row, down nearly 9% for the week, as a new wave of COVID-19 infections in particular across Europe spurred…
Oil prices declined for a fifth consecutive session on Thursday, falling around 1% after official data showed a further increase in U.S. crude and fuel inventories. At the same time,…
Oil prices climbed on Wednesday as investors weighed a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week against concerns of rocky demand…
Oil prices fell on Tuesday, extending declines for a third day, as concerns about rising stockpiles in the United States added to the threat to demand posed by countries including…
Super Petrol prices rose by Kes 7.63 to retail at Kes 122.81 per litre following the latest Energy and Petroleum Regulatory Authority (EPRA) review. The hike in pump prices also…
Oil prices fell for a third straight session on Wednesday as investors took profits while looking ahead to U.S. inventories data due later in the day for pointers on where prices…
Oil prices recorded a rise on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved a $1.9 trillion stimulus bill and a likely drawdown…
Saudi Arabia’s ministry said a petroleum tank farm at one of the world’s largest oil shipping ports was attacked by a drone and a ballistic missile.
Oil prices rose more than 1% on Friday, extending gains from the previous session after OPEC and its allies agreed not to increase supply in April as they await a…
Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent…
Oil prices rallied more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a drop in China’s February factory activity growth capped gains.
Brent…
Oil prices slid as much as 2% in early trade on Friday, adding to overnight declines, on worries that refineries shut by a big freeze in the U.S. South will…
Oil prices rose as much as a dollar on Thursday, extending this week’s gains and hitting 13-month highs, as a cold snap sweeping Texas and surrounding regions shut at least…
The prices for Super Petrol, Diesel, and Kerosene have increased by Kes 8.19 per litre, Kes 5.51 per litre, and Kes 5.32 per litre, respectively. This means that between 15th…
Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied.
Brent crude was down 47…
Oil prices fell on Thursday, giving up some of the recent strong gains, although losses were curbed by production cuts and hopes that rollouts of vaccines will drive a recovery…
Oil prices edged up on Tuesday to their highest in 13 months as supply cuts by major producers and optimism over fuel demand recovery support energy markets.
Brent crude futures for April…
Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for…
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand.
Brent…
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains this week, boosted by the continued commitment of producers to hold back…
Oil prices rose in Asia on Wednesday after hitting their highest in about a year in the previous session, supported by an unexpected draw in U.S. crude stockpiles and an…
Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections and the discovery of…
Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on travel and China, the world’s second-largest oil consumer, also sought…
Oil prices eased on Tuesday, giving up some of the previous session’s gains, as hopes for rapid approval of new U.S. economic stimulus faded while new coronavirus infections around the world mount…
Oil prices slipped for a second straight session on Monday as renewed Covid-19 lockdowns raised fresh concerns about global fuel demand.
U.S. West Texas Intermediate (WTI) crude futures dropped 53 cents, or 1%, to $52.60 a barrel at 0445 GMT, after slipping 18 cents on Thursday.
The administration is also committed to ending new oil and gas leasing on federal lands, Biden’s press secretary said, although Biden has not laid out a timeline for achieving that…
Saudi Arabia hence became the top supplier to China for a second year in a row, after taking the spotlight from Russia in 2019 where It significantly raised its crude…
Six analysts polled by Reuters estimated, on average, that crude stocks fell by 300,000 barrels in the week to Jan. 15, but expect gasoline stockpiles rose by 3.0 million barrels.…
South Korea’s Kospi led gains among the region’s major markets, rising 2.61% to close at 3,092.66 as shares of automaker Hyundai Motor surged 8.51%.
A hefty COVID-19 relief package, which U.S. President-elect Joe Biden is due to unveil on Thursday, also kept losses in check.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high of 90.037
Russia and Kazakhstan will collectively increase their output by 75,000 bpd while the rest of the group will hold output steady.
Meanwhile U.S. crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late…
England went into a new lockdown on Monday as its Covid-19 cases surged following the emergence of a more transmissible variant of the coronavirus.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.29% to $51.35 per barrel. U.S. crude futures advanced 0.25% to $48.24 per barrel.
Brent crude futures dropped 0.6 percent to $49.78 a barrel and US crude futures fell 0.74 percent to $46.68. Gold ralled 0.5 percent to $1,868 an ounce.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 90.445 following an earlier high of 90.666.
The Japanese yen traded at 104.05 per dollar after seeing levels below 103.8 against the greenback yesterday. The Australian dollar changed hands at $0.7526 following levels above $0.756 seen yesterday.
Oil prices rose during Asia trading hours on Friday: U.S. crude futures were up 0.73% at $47.12 a barrel. Global benchmark Brent rose 0.72% to $50.61.
The U.S. dollar index, which measures the greenback against a basket of its peers, traded near flat at 91.058.
The Japanese yen changed hands at 104.20 per dollar, staying relatively flat. Elsewhere, the Australian dollar ticked up 0.47% to $0.7446.
The Japanese yen traded at 103.97 per dollar after strengthening from levels above 104.4 against the greenback last week. The Australian dollar changed hands at $0.7379, having risen from levels below $0.732 in the…
Investors continued to monitor positive momentum surrounding the race for a coronavirus vaccine. AstraZeneca said Monday interim analysis showed its coronavirus vaccine has an average efficacy of 70% in protecting…
The dollar index, which measures the U.S. dollar against a basket of its peers, last traded at 92.213, declining from an earlier high of 92.346. The index retreated from levels…
The Japanese yen traded near flat at 103.86 against the greenback while the Australian dollar changed hands at $0.7292, dropping from earlier levels around $0.73.
The drop in fuel costs is expected to ease rising consumer costs which surged last month owing largely to previous fuel cost increases.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 2.45% to $44.68 per barrel. U.S. crude futures added 2.59% to $42.43…
Gold regained some ground lost in Monday’s plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.
Asian Markets Soar; Led by Airline Stocks as Investors React to Positive News on Coronavirus Vaccine
The Japanese yen traded at 105 per dollar after weakening sharply from levels below 104.3 against the greenback yesterday. The Australian dollar changed hands at $0.7288 following its rise last week from levels below…
Former U.S. vice president Biden won following his projected win in the states of Pennsylvania as well as Nevada, according to NBC News projections on Saturday. Still, Trump is refusing…
Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.7% to $40.53 per barrel. U.S. crude futures also slipped 1.71% to…
Investor sentiment on Wednesday was likely impacted by the rising number of Covid-19 cases in the U.S.
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 1% to $42.72 per barrel. U.S. crude futures shed 0.91% to…
South Korea’s Kospi also advanced 0.22% to close at 2,346.74. Meanwhile, shares in Australia rose on the day, with the S&P/ASX 200 up 0.85% to 6,229.40.
Stocks across Asia-Pacific were mostly down by the close on Friday, amid dampened sentiment on the coronavirus front.
Meanwhile, the U.S. dollar strengthened as uncertainty rose with investors flocking to the…
The Japanese yen traded at 105.23 per dollar, having strengthened from levels above 105.3 against the greenback yesterday. The Australian dollar changed hands at $0.7098 following levels above $0.72 seen earlier this week.
Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.28% to $42.33 per barrel. U.S. crude futures also shed 0.32% to…
The Japanese yen traded at 105.98 per dollar after an earlier low of 106.10 against the greenback. The Australian dollar was at $0.7162 following an earlier low of $0.712.
However, according to a report by the firm , only Tanzania took up its full share of 8% while Kenya took up 2.5 %.
Hong Kong’s Hang Seng index rose 1.32% on the day to 23,767.78, with shares of HSBC soaring 4.03%.
New Covid-19 cases worldwide have rise to more than 34 million, nearly 2 million more than at the end of last week, based on Reuters tallies.
Oil prices were higher in the afternoon of Asian trading hours, as international benchmark Brent crude futures gained 1.9% to $41.30 per barrel. U.S. crude futures also advanced 2.25% to…
Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.3% to $39.49 per barrel. U.S. crude futures also shed 0.21% to $37.18 per barrel.
Oil prices were mixed in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.15% to $40.00 per barrel. U.S. crude futures hovered above the flatline, trading at $37.31 per…
Mainland Chinese stocks led losses among the region’s major markets on the day, with the Shanghai composite down 1.87% to about 3,292.59 while the Shenzhen component dropped 2.729%
Oil prices were higher in the afternoon of Asian trading hours, with international benchmark Brent crude futures up 0.39% to $44.24 per barrel. U.S. crude futures added 0.63% to $41.63 per barrel.
Shares of Mitsubishi jumped 10.31% while Itochu gained 5.57%. Marubeni soared 12.41% and Mitsui gained 8.36%, Sumitomo rose 10.4%.
Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures slightly lower at $44.33 per barrel. U.S. crude futures also shed 0.14% to $42.28 per barrel.
Oil prices reversed gains in afternoon trade during Asian hours on Friday. U.S. crude fell 0.31% to $42.11 as of 3:25 p.m.
The shares of Aramco, which Apple Inc. dethroned last month as the world’s most valuable listed company, rose 0.3% to 33.05 riyals in Riyadh on Sunday
Oil prices were up in the afternoon of Asian trading hours, with international benchmark Brent crude futures adding 0.47% to $43.14 per barrel. U.S. crude futures rose 0.4% to $40.08 per barrel.
The Japanese yen traded at 107.21 per dollar after weakening from the 106.8 against the greenback yesterday. The Australian dollar changed hands at $0.6934 after turbulent trading on Monday that saw it at levels…
The Japanese yen traded at 106.90 per dollar following a strengthening from levels above 107.2 against the greenback last week. The Australian dollar changed hands at $0.6942 after turbulent trading…
Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures at $42.95 per barrel, while U.S. crude futures stood at $40.48 per barrel.
The Japanese yen traded at 107.38 per dollar following a strengthening from levels above 107.6 yesterday. The Australian dollar changed hands at $0.6963 after bouncing from levels around $0.695 yesterday.