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Search resuls for: "Fujitomi Securities"


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☆ Oil steady as U.S. output ramps up after freeze, China eases COVID curbs
  + stars: | 2022-12-27 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices were steady after hitting a three-week high on Tuesday as restarts at some U.S. energy plants shut by winter storms offset gains stemming from hopes of a demand recovery as China eases its COVID-19 restrictions. The cold also cut oil and gas production from North Dakota to Texas. Russian President Vladimir Putin on Tuesday also signed a decree that bans the supply of oil and oil products to nations participating in the price cap from Feb. 1 for five months. Concern over a possible production cut by Russia also provided price support. Russia might cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying on Friday.
☆ Oil hits three-week high as China eases COVID curbs
  + stars: | 2022-12-27 | by ( Alex Lawler | ) www.reuters.com   time to read: +2 min
A weaker dollar makes oil cheaper for holders of other currencies and tends to support risk assets. Oil also drew support from worries over supply disruption because of winter storms in the United States, said Kazuhiko Saito, chief analyst at Fujitomi Securities. "But the U.S. weather is forecast to improve this week, which means the rally may not last too long," he said. Concern over a possible production cut by Russia also provided price support. Russia might cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying on Friday.
☆ Oil rises as market weighs OPEC+ supply rebalance
  + stars: | 2022-11-29 | by ( Yuka Obayashi Muyu Xu | Yuka Obayashi | Muyu Xu | ) www.reuters.com   time to read: +3 min
The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, are set to hold a meeting on Dec. 4. Analysts at Eurasia Group suggested in a note on Monday that weakened demand out of China could spur OPEC+ to cut output. OPEC+ started to lower its output target by 2 million barrels per day (bpd) in November, aiming to shore up oil prices. read moreMarkets are also assessing the impact of an upcoming Western price cap on Russian oil. read moreThe price cap is due to come into effect on Dec. 5, when an EU ban on Russian crude also takes effect.
☆ Oil prices slide on concerns over China's demand
  + stars: | 2022-11-29 | by ( Yuka Obayashi | Jack Graham | ) www.reuters.com   time to read: +2 min
Summary Investors also eye on next OPEC+ output meeting on Dec. 4EU fails to agree on Russian oil price cap, say diplomatsTOKYO, Nov 29 (Reuters) - Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. "Bearish moods toward oil prices are spreading in Asia due to concerns about a decline in China's demand while the rare protests over the weekend also raised fears over the impact on Chinese economy," said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd. Analysts at Eurasia Group suggested in a note on Monday that weakened demand out of China could spur OPEC+ to cut output. Markets are also assessing the impact of an upcoming Western price cap on Russian oil. read moreThe price cap is due to come into effect on Dec. 5, when an EU ban on Russian crude also takes effect.
☆ Oil prices extend losses on fears aggressive Fed rate hike will curb demand
  + stars: | 2022-09-21 | by ( Yuka Obayashi | ) www.reuters.com   time to read: +3 min
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Brent crude futures dropped 26 cents, or 0.3%, to $90.36 a barrel by 0040 GMT after falling $1.38 the previous day. Gasoline inventories rose by about 3.2 million barrels, while distillate stocks rose by about 1.5 million barrels. API/U.S. crude oil and distillate stockpiles were expected to have risen last week, while gasoline inventories were seen lower, according to an extended Reuters poll. The shortfall highlights underlying tightness of supply in the market, even as recession fears drag prices lower.
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