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Top related persons:
Toshitaka Tazawa - 1 Philip Jefferson - 1 Michael Barr - 1 Raphael Bostic - 1 Ebrahim Raisi - 1 Ayatollah Ali Khamenei - 1 Mohammed Bin Salman - 1 Fujitomi's Tazawa - 1
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Japan OPEC China Russia Kawasaki Kanagawa Prefecture Saudi Libya
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Brent - 3 . West Texas - 2 Petroleum - 2 U.S - 2 Federal - 1 Fujitomi Securities - 1 Atlanta Fed - 1 Saudi Arabia's Crown - 1

Search resuls for: "LCOc1"


7 mentions found


☆ Oil prices fall on fear of high U.S. interest rates depressing demand
  + stars: | 2024-05-21 | by ( ) www.cnbc.com   time to read: +2 min
Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024. Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. "Fears of weaker demand led to selling as the prospect of Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities. Lower interest rates reduce borrowing costs, freeing up funds which could boost economic growth and demand for oil. OPEC+ could extend some voluntary output cuts if demand fails to pick up, people with knowledge of the matter previously told Reuters.
Persons: Toshitaka Tazawa, Philip Jefferson, Michael Barr, Raphael Bostic, Ebrahim Raisi, Ayatollah Ali Khamenei, Mohammed Bin Salman, Fujitomi's Tazawa Organizations: Brent, . West Texas, Federal, Fujitomi Securities, Atlanta Fed, Reuters, Saudi Arabia's Crown, Iranian, Investors, Organization of, Petroleum Locations: Kawasaki, Kanagawa Prefecture, Japan, Saudi, OPEC
☆ Oil prices hover near 10-month high on supply concerns
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices are expected to increase in the second half of 2023, according to the International Energy Forum. Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The news of OPEC member Libya shutting four of its eastern oil export terminals due to a deadly storm also lent support to oil prices, he added. The EIA, meanwhile, said global oil inventories were expected to decline by almost a half million bpd in the second half of 2023, causing oil prices to rise with Brent averaging $93 per barrel in the fourth quarter. But U.S. crude oil, distillate and gasoline stockpiles rose last week, according to market sources citing American Petroleum Institute figures on Wednesday.
Persons: LCOc1, Satoru Yoshida, Yoshida, Brent Organizations: International Energy, Brent, U.S, West Texas, OPEC, U.S . Energy, Rakuten Securities, Libya, of, Petroleum, American Petroleum Institute Locations: Libya, China, Saudi Arabia, Russia, OPEC
☆ Weak PMIs, Spain keep Europe sour but fail to dent US sentiment
  + stars: | 2023-07-24 | by ( Nell Mackenzie Dhara Ranasinghe | Nell Mackenzie | Dhara Ranasinghe | ) www.reuters.com   time to read: +5 min
The euro slipped 0.25% against the dollar, government bond yields across the bloc edged lower while European stock markets dipped, with Spain's benchmark index down 0.65% in a clear underperformance. Meanwhile, U.S. stock futures , rose 0.2% and 0.3%, respectively, pointing to a positive open for Wall Street. With the Federal Reserve, European Central Bank and Bank of Japan meeting this week, a note of caution underpinned the mood across global markets. The benchmarks continued their fourth straight of week of gains last week, as supply is expected to tighten following OPEC+ cuts. HOST OF EARNINGSOn top of central bank meetings and economic data, investors also braced for a slew of earnings from both sides of the Atlantic.
Persons: Kai Pfaffenbach, Bruno Schneller, Schneller, Eddie Cheng, Allspring's Cheng, SPAIN UNDERPERFORMS, Fiona Cincotta, Nell Mackenzie, Dhara, Wayne Cole, Amanda Cooper, Peter Graff Organizations: REUTERS, Nasdaq, Fed, ECB London, Wall, Federal Reserve, European Central Bank and Bank of Japan, ECB, INVICO Asset Management, Bank of Japan, Japan's Nikkei, Allspring Global Investments, Brent, . West Texas, Intel, Microsoft, GE, Boeing, Exxon Mobil, Coca Cola, Ford, GM, U.S, Thomson Locations: Frankfurt, Germany, Spain, U.S, Spain's, Asia, Pacific, Japan, Ukraine, Russia, China, SPAIN, SPAIN UNDERPERFORMS Spain, Sunday's, Basque, Catalan, Coca, London, SYDNEY
☆ Portugal's Galp posts record profit in 2022 on soaring oil prices, wider refining margins
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +2 min
Companies Galp Energia SGPS SA FollowLISBON, Feb 13 (Reuters) - Portuguese oil and gas company Galp Energia (GALP.LS) on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940.03 million), surpassing the previous record of 707 million euros set in 2018. Its fourth-quarter bottom line more than doubled to 273 million euros, compared with 130 million euros a year earlier. The average forecast of 20 analysts polled by the company was 225 million euros. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 48% to 951 million euros in the fourth quarter, in line with the average forecast.
☆ Oil eases 1% as U.S. recession worries offset China recovery hopes
  + stars: | 2023-01-18 | by ( Scott Disavino | Thomson Reuters | Covers The North American Power | ) www.reuters.com   time to read: +3 min
Brent <LCOc1> futures fell 94 cents, or 1.1%, to settle at $84.98 a barrel. U.S. West Texas Intermediate (WTI) crude fell 70 cents, or 0.9%, to settle at 79.48. Markets at first reacted positively to U.S. data, which showed retail sales and manufacturing production declined more than forecast in December, on hopes the Fed would now ease up on interest rate hikes. Supporting oil prices early in the session, China reported economic data that beat forecasts after the country started rolling back its zero-COVID policy in early December. Rystad said the losses were at about 500,000 barrels per day and that India and China remain key buyers of Russian crude.
☆ Indian shares rise as China further eases COVID curbs
  + stars: | 2022-12-27 | by ( ) www.reuters.com   time to read: +1 min
The Nifty 50 index (.NSEI) was up 0.46% at 18,097.45, as of 09:17 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.47% to 60,850.63. Capping the gains in domestic equities are oil prices, which rose in thin trade on fears of supply disruption due to winter storms across the United States. Brent crude <LCOc1) rose above $84 per barrel while Nymex crude jumped above $80 per barrel. Higher oil prices hurt oil-importing countries like India, where crude constitutes the bulk of the country's import bill. ($1 = 82.6500 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.
☆ Stocks steady, yields rise as rate risks cloud 2023 outlook
  + stars: | 2022-12-19 | by ( Danilo Masoni | ) www.reuters.com   time to read: +5 min
By 1152 GMT, the index was broadly unchanged after a heavy week for rate increases on Friday sent it to its lowest point since Nov. 10. Long-term borrowing costs rose for a fourth straight session and short-dated yields remained not far off their highest levels in more than a decade. It wreaked havoc even on rate markets," said Carlo Franchini, head of institutional clients at Banca Ifigest in Milan. Ten-year Treasury yields rose 4 basis points (bps) to 3.522%. Gold inched 0.1% higher at $1,764 an ounce, as a softer dollar countered pressure from expectations of higher U.S. rates.
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