A detailed view of a Shell service station sign showing the low price of $ 1.69 per gallon, the result of the coronavirus outbreak (COVID-19) on March 31, 2020 in Jacksonville, Fl. David Rosenblum | Icon Sportswire | fake pictures Oil giant Royal Dutch Shell said Tuesday it will reduce …
Read More »Japan falls more than 2% as global death toll from coronavirus crosses 500,000
Stocks in Asia Pacific fell on Monday as the number of coronavirus cases worldwide continues to rise. In Japan, the Nikkei 225 fell 2.3% on the day to 21,995.04, as shares of the heavyweight index Fast Retailing and conglomerate Softbank Group fell more than 2% each. The Topix index also …
Read More »S&P and Argus launch new US crude benchmarks to compete with WTI
An aerial view of a crude oil storage facility is seen on May 5, 2020 in Cushing, Oklahoma. JOHANNES EISELE | AFP via Getty Images Two leading oil price reporting agencies separately released new US crude benchmarks on Friday as part of an effort to rival the West Texas futures …
Read More »South Korea falls almost 2% as Asian stocks fall; IMF cuts forecasts again
Shares in the Asia Pacific fell Thursday afternoon, after the International Monetary Fund cut its economic forecast again on Wednesday. South Korea’s Kospi led the losses among the region’s main markets as it fell 1.77%. In Japan, the Nikkei 225 fell 0.99%, while the Topix index dropped 1%. Shares in …
Read More »ADNOC Announces $ 20.7 Billion Energy Infrastructure Investment Agreement
A consortium of six global investors has signed a $ 20.7 billion deal with the Abu Dhabi National Petroleum Company (ADNOC), the state-owned oil company said Tuesday. As part of the agreement, the group will invest $ 10.1 billion to acquire a 49% stake in a newly formed subsidiary, ADNOC …
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