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Business News > Mint Authors > Amanda Cooper, Reuters

Amanda Cooper, Reuters

ARTICLES BY AMANDA COOPER, REUTERS

Representational image: Global stock markets rose as U.S. consumer confidence rebounded in December.

World shares rise but face most monthly losses since 2008

3 min read . 21 Dec 2022

US Dollar currency notes. File photo.

Dollar heads for biggest monthly loss since 2010 ahead of Powell speech

2 min read . 30 Nov 2022

Oil eased on Wednesday, but held in sight of three-year highs reached the previous day, as rising US fuel inventories and production weighed on an otherwise bullish market. Photo: Reuters

Oil hovers near $74 a barrel, US bonds, crude supply cast a shadow

2 min read . 25 Apr 2018

Oil demand grew at a rate of 1.6 million bpd in 2017, the IEA said in its monthly market report. Photo: AFP

Surge in global oil supply may overtake demand in 2018, energy agency says

2 min read . 13 Feb 2018

Brent November crude futures were down 31 cents at $58.13 a barrel by 4.35pm. Photo: AFP

Oil prices slip, but remain in view of $60

1 min read . 27 Sept 2017

The Opec agreed last week with a number of rival producers, such as Russia and Oman, to renew an agreement to cut crude oil output by 1.8 million barrels per day (bpd) until March 2018. Photo: AFP

Oil traders, investors wary despite Opec’s assurances

3 min read . 02 Jun 2017

There is still doubt among many market watchers over whether the planned cuts will be enough to rebalance a market that has been oversupplied for the past two years. Photo: AFP

Oil prices rise as Saudi Arabia tells Asian customers of output cuts

2 min read . 11 Jan 2017

Brent’s rally is its largest so far for any December since 2010, thanks to an unprecedented wave of investor buying ahead of an anticipated drop in supply from some of the world’s top exporters next year. Photo: Bloomberg

Oil prices rise on expected fall in US inventory

1 min read . 21 Dec 2016

The jump in oil prices comes in the wake of a renewed focus on inflation after data on Friday showed a rare spike in producer prices in China, prompting investors to worry that inflationary pressures are making a come back globally. Photo: Reuters

Oil prices jump to 18-month high as OPEC and rivals agree on historic deal

2 min read . 12 Dec 2016

Brent crude futures for delivery in January were up $3.86, or 8.3%, at $50.214 a barrel by 1405 GMT, recovering from a drop of nearly 4% on Tuesday. Photo: Reuters

Oil prices jumps 8% as Opec agrees first production cut since 2008

1 min read . 30 Nov 2016

A general view of a crude oil importing port in China. IEA believes India is taking over from China as the main growth market for oil. Photo: Reuters

Outlook for oil brightens as output disruptions erode surplus, IEA says

3 min read . 12 May 2016

A file photo shows emissions from a refinery in Pennsylvania. American Petroleum Institute reported a draw of nearly 1.1 million barrels in US crude inventories last week. Photo: Bloomberg

Oil hits 2016 high, led by falling output and weaker dollar

2 min read . 27 Apr 2016

A file photo of a pump jack in an oil field near Corpus Christi, Texas. Monday’s decline adds to last week’s more than 10% drop in both Brent and WTI prices. Photo: Bloomberg

Oil prices fall for sixth day as recovery hopes wane

2 min read . 11 Jan 2016

A file photo of a crude oil pump. Iran plans to raise output by half a million to 1 million barrels per day post lifting of sanctions. Photo: Reuters

Oil rises as market ponders scale of future Iran exports

2 min read . 04 Jan 2016

Brent crude futures haven fallen more than 18.5% this month, their steepest fall since the collapse of failed US bank Lehman Brothers in October 2008.

Brent crude at over 11-year low on relentless rise in global supply

2 min read . 21 Dec 2015

A file photo of oil storage silos standing on the quay-side at Aberdeen Harbour, UK. Gulf producers and Russia have said they would not cut output even if prices fell to $20 per barrel. Photo: Bloomberg

Oil tumbles towards 11-year lows on worsening glut

2 min read . 14 Dec 2015

US crude stocks rose by 3.1 million barrels to 461 million last week as refineries cut output and idled capacity. Analysts had expected a rise of 2.2 million barrels. Photo: AFP

Oil rallies but US supply may temper gains

2 min read . 08 Oct 2015

On Monday, Brent rose as much as 3%. Photo: Reuters

Oil falls 2% on demand concerns

1 min read . 22 Sept 2015