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Business News > Mint Authors > Moming Zhou

Moming Zhou

ARTICLES BY MOMING ZHOU

Some US shale drillers have thrown in the towel after a year of maintaining supply in the face of plunging prices, saying they’ll pump less in 2016. Photo: Reuters

Specter of $20 oil recedes as speculators flee bearish bets

2 min read . 07 Mar 2016

West Texas Intermediate for March delivery gained $2.66, or 9%, to $32.19 a barrel on the New York Mercantile Exchange. Photo: AFP

Oil rises in biggest rally in 7 years amid volatility surge

2 min read . 23 Jan 2016

Meanwhile, concern that China’s economy will slow increases expectation that demand will wane. Photo: Bloomberg

Oil falls below $40 for first time since 2009 as glut worsens

2 min read . 22 Aug 2015

The Opec pumped the most oil last month since October 2012, while the US government says output will start falling from this month. Photo: Reuters

Speculators retreat from oil as Opec oversupply crowds out shale

3 min read . 22 Jun 2015

OPEC members have been pumping above their target for a year, swelling a global glut. Photo: Bloomberg

Crude oil falls on speculation OPEC won’t reduce output quota

3 min read . 04 Jun 2015

WTI futures fell $3.49 to $57.26 a barrel on the New York Mercantile Exchange in the period covered by the CFTC report as the dollar strengthened. Photo: Bloomberg

Oil bears miss out as record US refinery demand drives rally

3 min read . 25 May 2015

Chinese fuel use is growing at half the rate of the past decade, and sliding US shale output could reverse as prices rise, smothering the gains. Photo: Bloomberg

China is missing ingredient in oil’s recovery from six-year low

3 min read . 13 May 2015

Iran’s full return to the oil market risks delaying a recovery in prices, which have slumped by almost half since last year amid a supply glut. Photo: Reuters

Iran nuclear deal seen cutting oil prices by $5-15 a barrel

2 min read . 08 Apr 2015

Brent for April settlement rose 39 cents, or 0.7%, to $57.93 a barrel at 10:33 am New York time on the London- based ICE Futures Europe exchange. Photo: AFP (AFP)

Brent oil gains for second day; WTI falls on rising US supply

2 min read . 12 Mar 2015

Oil is recovering from the lowest prices in almost six years as US drillers cut the number of rigs in service to the fewest since August 2011. Photo: Bloomberg

Oil climbs above $60 first time this year as supply seen slowing

4 min read . 14 Feb 2015

Uncertainty around whether Brent can hold above $60 or not and lower liquidity toward the end of the year meant that price volatility has risen to levels this month last seen in 2012. Photo: Bloomberg

Brent near $60 amid Libyan fighting

2 min read . 26 Dec 2014

WTI for December delivery dropped 72 cents, or 0.9%, to $77.22 a barrel on the New York Mercantile Exchange. Photo: Bloomberg

Brent crude oil near 4-year low as glut seen untouched by Opec drop

3 min read . 12 Nov 2014

WTI for November delivery was at $84.55 a barrel in electronic trading on the New York Mercantile Exchange, down 1.5%. Photo: Bloomberg

Iraq follows Saudi price cuts as Brent slides to four-year low

4 min read . 14 Oct 2014

WTI for November settlement dropped $1.60, or 1.8%, to $85.71 a barrel on the New York Mercantile Exchange. Photo: AFP

Brent crude oil falls below $90 for first time in more than 2 years

3 min read . 09 Oct 2014

The US is pumping the most oil in 27 years, adding more than 3 million barrels of daily supply since 2008. Photo: Bloomberg

World awash in oil shields markets from 2008 price shock

5 min read . 13 Aug 2014

Brent for September settlement dropped $1.28, or 1.2%, to $103.40 a barrel at New York time on the London-based ICE Futures Europe exchange after falling to $103.25, the lowest intraday level since 8 November. Photo: Bloomberg

Brent crude slides to 9-month low as IEA sees supply glut

2 min read . 12 Aug 2014

Liquid fuels will account for 28% of demand in 2040, down from 34% in 2010. Photo: AFP (AFP)

World to use 56% more energy by 2040 led by Asia: EIA

1 min read . 25 Jul 2013

Data from the American Petroleum Institute showed total weekly US crude stocks dropped by 6.7 million barrels, in contrast to a Reuters survey in which analysts forecast a rise of 1.3 million. Photo: AFP (AFP)

Crude tumbles amid selloff in equities as US production climbs

4 min read . 18 Apr 2013