Oil flat as U.S.-Iran tensions support prices, trade war weighs

Oil flat as U.S.-Iran tensions support prices, trade war weighs
NEW YORK (Reuters) – Oil futures held steady on Tuesday, supported by U.S.-Iran tensions and expectations of ongoing OPEC supply cuts but under pressure from concerns about a drawn-out trade war between Washington and Beijing. FILE PHOTO: 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... Read More

Sanctions bill on Nord Stream 2 coming soon: U.S. energy secretary

Sanctions bill on Nord Stream 2 coming soon: U.S. energy secretary
FILE PHOTO: U.S. Energy Secretary Rick Perry gestures during a press conference in Baghdad, Iraq December 11, 2018. Hadi Mizban/Pool via REUTERS KIEV (Reuters) – United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future”. The Nord... Read More

Kremlin criticizes new U.S. pledge to sanction Nord Stream 2 pipeline

Kremlin criticizes new U.S. pledge to sanction Nord Stream 2 pipeline
MOSCOW (Reuters) – The Kremlin said on Tuesday that U.S. sanctions on Russia’s Nord Stream 2 pipeline to Germany would be an act of unfair competition that would be seen as unacceptable in Moscow and some European capitals. U.S. Energy Secretary Rick Perry said earlier on Tuesday in Kiev that a sanctions bill putting onerous restrictions on companies involved in... Read More

U.S. energy secretary – sanctions bill on Nord Stream 2 coming soon

U.S. energy secretary – sanctions bill on Nord Stream 2 coming soon
FILE PHOTO: U.S. Energy Secretary Rick Perry gestures during a press conference in Baghdad, Iraq December 11, 2018. Hadi Mizban/Pool via REUTERS KIEV (Reuters) – United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future”. The Nord... Read More

Stock markets slide as worries about Huawei fallout mount

Stock markets slide as worries about Huawei fallout mount
LONDON (Reuters) – Stock markets weakened on Monday as concerns mounted about an escalating fallout from a U.S. crackdown on China’s Huawei Technologies. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Investors already on edge about an escalating U.S.-China trade dispute were further rattled after Beijing accused... Read More

European shares hobbled as worries about Huawei fallout mount

European shares hobbled as worries about Huawei fallout mount
LONDON (Reuters) – European stocks slipped on Monday as concerns about an escalating fallout from a U.S. crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Asian shares managed to reverse some of last week’s... Read More

Australian, Indian elections boost Asian shares, trade fears ease

Australian, Indian elections boost Asian shares, trade fears ease
SHANGHAI (Reuters) – Asian shares clawed back some of last week’s losses as investors cheered apparent election wins for conservative incumbents in Australia and India, while broader global trade worries eased after Washington offered to lift some tariffs in North America. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo,... Read More

Asian shares steady after slump, oil jumps on Saudi comments

Asian shares steady after slump, oil jumps on Saudi comments
SHANGHAI (Reuters) – Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.-China trade tensions, with sentiment turning brighter after the United States said it would lift tariffs in North America. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019.... Read More

Asian shares steady after steep losses; Saudi comments lift oil

Asian shares steady after steep losses; Saudi comments lift oil
SHANGHAI (Reuters) – Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon... Read More

Saudi Arabia says oil producers want to reduce inventories

Saudi Arabia says oil producers want to reduce inventories
JEDDAH, Saudi Arabia (Reuters) – Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive to the needs of what he called a fragile market. Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before the OPEC 14th Meeting of... Read More