Carl Court | AFP | fake pictures Oil giant Royal Dutch Shell reported a sharp net loss year-on-year on Thursday after an unprecedented period of turmoil in the energy market and significantly weaker oil and gas prices. The Anglo-Dutch company reported that net income attributable to shareholders based on current …
Read More »Asian stocks trade mainly higher as China’s June industrial gains soar
Most Asian markets traded higher on Monday morning as investors continue to watch developments on issues like the coronavirus pandemic. Shares in Taiwan led gains among the region’s major markets, as Taiex soared 2.69%, and Taiwan Semiconductor Manufacturing Company shares rose nearly 10%. South Korea’s Kospi also saw robust gains …
Read More »OPEC + meeting, US crude inventories in focus
Offshore oil platforms are seen on April 20, 2020 in Huntington Beach, California. Oil prices were negotiated in negative territory for the first time as the spread of the coronavirus (COVID-19) affects demand. Michael Heiman | fake pictures Oil prices rose on Wednesday after a sharp drop in US crude …
Read More »Oil falls as coronavirus cases grow fueling fuel demand concerns
South Belridge Oil Field is the fourth largest oil field in California and one of the most productive in the USA. David McNew | fake pictures Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed prospects …
Read More »China and Hong Kong jump more than 2% amid hopes for coronavirus vaccine
Shares in the Asia Pacific rose during Thursday’s trading session, following positive news overnight about the development of a possible coronavirus vaccine. The Hong Kong Hang Seng Index led gains among the region’s major markets, rising 2.25%, from its last hour of trading. Shares of Chinese internet giant Tencent soared …
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