(Reuters) – U.S. oil refineries are expected in the next few days to report the worst second-quarter results in a decade, with output exceeding demand, while pandemic-related closings have undermined trips by summer. FILE PHOTO: Valero Energy Corp. service station shown in El Cajon, California, USA, August 8, 2017. REUTERS …
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DUBAI (Reuters) – Saudi Arabia registered a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year as low oil prices hurt revenue, a report by the Ministry of Finance released Tuesday. FILE PHOTO: A Saudi flag flies over the Saudi Arabian consulate in Istanbul, …
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* Gold hits record, silver joins 30% rise in July * Dollar in the 22-month low, the euro rises to $ 1.17 * Asia tech stock gains after Intel crash * Tensions between the United States and China keep investors on edge * Earnings, US stimulus talks in focus * …
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BEIJING (Reuters) – China’s crude oil imports from Saudi Arabia increased 15% in June from a year ago, as refineries ordered record volumes of fuel in March and April when oil prices fell, solidifying the position of the kingdom as the main supplier of oil to China. FILE PHOTO: An …
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BEIJING (Reuters) – China’s soybean imports in June from top supplier Brazil soared to a record high, according to customs data released Sunday, fueled by rising demand for soybeans as China’s herd of pigs recovers after fatal outbreaks of African swine fever. FILE PHOTO: Imported soybeans are transported to a …
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