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Search resuls for: "Stephanie Kelly Sudarshan Varadhan"


3 mentions found


☆ Oil prices rise on tighter supply, China hopes
  + stars: | 2023-07-25 | by ( Stephanie Kelly Sudarshan Varadhan | Stephanie Kelly | Sudarshan Varadhan | ) www.reuters.com   time to read: +2 min
Summary China to step up policy adjustments amid tortuous recoveryPOLL-US crude, product inventories seen down last weekComing up: API data on U.S. crude stocks at 4:30 p.m. ETJuly 25 (Reuters) - Oil prices edged higher for the third straight session on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment. Still, bearish data in the euro zone and U.S. underlined weakness across the global economy. Later on Tuesday, industry data on U.S. crude inventories is expected. Four analysts polled by Reuters estimated on average that crude inventories fell by about 2 million barrels in the week to July 21.
Persons: Brent, Edward Moya, Jerome Powell, Christine Lagarde, Stephanie Kelly, Shri Navaratnam, Stephen Coates Organizations: U.S, West Texas, Organization of, Petroleum, Energy, OANDA, Fed, European Central Bank, ECB, Reuters, Thomson Locations: China, Russia, OPEC, U.S
☆ Oil set to snap two-week losing streak on China demand optimism
  + stars: | 2023-06-16 | by ( Stephanie Kelly Sudarshan Varadhan | Stephanie Kelly | Sudarshan Varadhan | ) www.reuters.com   time to read: +2 min
Data on Thursday showed China's oil refinery throughput rose 15.4% in May from a year earlier, hitting its second-highest total on record. In the United States, data released on Thursday showed retail sales unexpectedly rose in May, along with higher-than-expected jobless claims last week. A weaker dollar makes oil cheaper for holders of other currencies, which could boost demand. Still, a weak economic outlook looms over market sentiment, as China's industrial output and retail sales growth in May missed forecasts. Higher interest rates ultimately increase borrowing costs for consumers, which could slow economic growth and reduce oil demand.
Persons: Edward Moya, OANDA, Stephanie Kelly, Leslie Adler, Jamie Freed Organizations: Brent, U.S, West Texas, Kuwait Petroleum, Organization of, Petroleum, European Central Bank, U.S . Federal Reserve, Thomson Locations: China, Kuwait, United States, Saudi Arabia, New York, Singapore
☆ Oil prices ease on caution over US debt ceiling talks
  + stars: | 2023-05-18 | by ( Stephanie Kelly Sudarshan Varadhan | Stephanie Kelly | Sudarshan Varadhan | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Biden, McCarthy push forward towards deal on US debt ceilingU.S. rate hike prospect weighs on oil pricesMay 18 (Reuters) - Oil prices fell in early Asian trade on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging nearly 3% in the previous session on optimism over U.S. fuel demand. President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default. On Thursday, investors were "awaiting further evidence that a deal will happen soon," said Edward Moya, an analyst at OANDA. Also weighing on prices was the increased probability of an interest rate hike by the U.S. Federal Reserve. After a months-long standoff, Biden and McCarthy on Tuesday agreed to negotiate directly.
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