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Search resuls for: "Național Australian"


6 mentions found


US oil jumps $1 on crude draw, tight global supply
  + stars: | 2023-09-28 | by ( Florence Tan | ) www.reuters.com   time to read: +3 min
U.S. West Texas Intermediate crude futures (WTI) led the charge, rising above $95 for the first time since August last year. Brent crude futures climbed 77 cents, or 0.8%, to $97.32 a barrel after hitting levels not seen since November. U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll. Crude stocks at the Cushing, Oklahoma, storage hub, delivery point for U.S. crude futures, fell by 943,000 barrels in the week to just under 22 million barrels, the lowest since July 2022, data showed. "We expect as near-term oil prices continue to push higher a reduction of current supply cuts is increasingly likely," National Australian Bank's analysts said in a note.
Persons: WTI, Stefano Grasso, Cushing, Grasso, Vladimir Putin, Florence Tan, Laura Sanicola, Jacqueline Wong Organizations: Kyodo, U.S . West Texas, Brent, Cushing, Organization of, Petroleum, Thomson Locations: Idemitsu, Ichihara, Tokyo, Japan, United States, Saudi Arabia, U.S, 8VantEdge, Singapore, Oklahoma, Russia, OPEC, Australian, Saudi
Oil rally takes a breather ahead of Fed, ECB rate hikes
  + stars: | 2023-07-24 | by ( Florence Tan | ) www.reuters.com   time to read: +2 min
SINGAPORE, July 24 (Reuters) - Oil prices eased on Monday as traders await more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel. Fighting also escalated last week in Ukraine after Russia withdrew from a U.N.-brokered safe sea corridor agreement for grains exports. Investors have priced in quarter-point hikes from the Federal Reserve and European Central Bank this week so the focus will be on what Fed Chair Jerome Powell and ECB President Christine Lagarde say about future rate hikes. Market participants also expect Beijing to implement targeted stimulus measures to support its flagging economy, likely boosting oil demand in the world's No. Last week, U.S. energy firms made their deepest oil rig cut since early June, with operating units down by seven to 530, energy services firm Baker Hughes said on Friday.
Persons: Brent, Jerome Powell, Christine Lagarde, Suhail, Mazrouei, Baker Hughes, Florence Tan, Tom Hogue Organizations: Brent, . West Texas, National Australian Bank, Federal Reserve, European Central Bank, United Arab Emirates Energy, Thomson Locations: SINGAPORE, Ukraine, Russia, China, Beijing
Oil prices eased on Monday as traders await more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel. Fighting also escalated last week in Ukraine after Russia withdrew from a U.N.-brokered safe sea corridor agreement for grains exports. Investors have priced in quarter-point hikes from the Federal Reserve and European Central Bank this week so the focus will be on what Fed Chair Jerome Powell and ECB President Christine Lagarde say about future rate hikes. Market participants also expect Beijing to implement targeted stimulus measures to support its flagging economy, likely boosting oil demand in the world's No. Last week, U.S. energy firms made their deepest oil rig cut since early June, with operating units down by seven to 530, energy services firm Baker Hughes said on Friday.
Persons: Brent, Jerome Powell, Christine Lagarde, Suhail, Mazrouei, Baker Hughes Organizations: Brent, . West Texas, National Australian Bank, Federal Reserve, European Central Bank, United Arab Emirates Energy Locations: Ukraine, Russia, China, Beijing
LONDON, July 24 (Reuters) - Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well above $80 a barrel, even as traders expected more rate hikes from U.S. and European central banks. Brent crude futures rose 44 cents, or 0.6%, to $81.51 a barrel by 11 GMT. The benchmarks rose 1.5% and 2.2% respectively last week, their fourth straight of week of gains, as supply is expected to tighten following OPEC+ cuts. Fighting also escalated last week in Ukraine after Russia withdrew from a U.N.-brokered safe sea corridor agreement for grain exports. Market participants expect Beijing to implement targeted stimulus measures to support its flagging economy, likely boosting oil demand in the world's No.
Persons: Brent, Jerome Powell, Christine Lagarde, Florence Tan, Emily Chow, Tom Hogue, Sharon Singleton, Louise Heavens Organizations: . West Texas, Citi Research, National Australian Bank, Federal Reserve, European Central Bank, Thomson Locations: Ukraine, Russia, China, Beijing
According to Australia's Bureau of Statistics, Australia's inflation rate rose to 6.1 in June, a 21-year high. Australia's unemployment rate stood at 3.5% in August, and household savings ratio fell to 8.7% in the March to June quarter. Additionally, a small share of borrowers with high debt and low savings are "vulnerable" to payment difficulties. In addition, Assistant Treasurer Stephen Jones cautioned that Australia's economy is not "hermetically sealed" from the forecasted downturn of the international economy, Sky news reported. This will in turn have an impact on Australia's growth forecast.
(video) Recomandări de la Mircea, fără spoilere: cinci filme care să te motiveze să fii mai bun(ă)Am avut multe dezbateri cu amicii mei despre posibilitatea filmului de a schimba lumea, de a pătrunde în mintea omului și de a-l face mai bun sau mai rău ori doar altfel decât a fost. Unii susțin că arta e doar un divertisment, iar alții – că e o cale în viață. Tatăl Enolei a murit pe când ea era încă mică, așa că mama ei a crescut-o singură și a înzestrat-o cu talent, curaj și inteligență. Însă Enola are alte planuri, după ce descoperă o serie de indicii lăsate de mama ei, decide să fugă la Londra pentru a o găsi. Ride Like a Girl (2019)Un film biografic despre Michelle Payne, prima femeie jocheu care a câștigat Cupa Melbourne.
Persons: Mircea, Lloyd Vogel, El, Fred Rogers, Fred, Rogers, Tom Hanks, Lloyd, Roger, Vogel, Enola Holmes, Bobby Brown, Sherlock Holmes, Nancy Springer, Enola, Anthony Mackie, Samuel L . Jackson, Nicholas Hoult, Bernard Garrett, Joe Morris, Matt Steiner, Michelle Payne, Michelle, Paddy Payne, Michelle ., Hors, Bruno, Vincent Cassel, Joseph, Benjamin Lesieur Organizations: Cupa Melbourne, Cupa, Național Australian, Castingul Locations: Statele Unite, Londra, America, Texas, Cupa Melbourne, Melbourne, Australia
Total: 6