Wall St stocks fall, oil rises as China drops quarantine rule

Wall St stocks fall, oil rises as China drops quarantine rule

NEW YORK/LONDON, Dec 27 (Reuters) – Wall Street’s benchmark S&P 500 and the Nasdaq fell on Tuesday after the release of U.S. economic data, while oil prices rose after China said it would scrap its COVID-19 quarantine rule for inbound travellers, which was seen as a major step in reopening its borders. U.S. Treasury yields … Read more

Rouble tumbles to near eight-month low vs dollar

Rouble tumbles to near eight-month low vs dollar

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 22 (Reuters) – The rouble slumped to its weakest since late April past 72 against the dollar on Thursday as fears over the impact of sanctions on Russian oil and gas took the currency’s losses this … Read more

Oil bounces as China demand hopes offset recession fears

Oil bounces as China demand hopes offset recession fears

Reopening of Chinese economy buoys demand hopes Rising interest rates and recession fears weigh U.S. to begin purchases for strategic reserve LONDON, Dec 19 (Reuters) – Oil rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, … Read more

Keystone cleanup turns remote Kansas valley into a small town

Keystone cleanup turns remote Kansas valley into a small town

WASHINGTON, Kan., Dec 18 (Reuters) – Farmer Bill Pannbacker got a call earlier this month from a representative from TC Energy Corp , telling him that its Keystone Pipeline, which runs through his farmland in rural Kansas, had suffered an oil leak. But he was not prepared for what he saw on his land, which … Read more

Global shares ease as central bank rate hikes loom

Global shares ease as central bank rate hikes loom

Crude oil prices ease Dollar little changed U.S. CPI on Tuesday, Fed meeting on Wednesday ECB, BOE rate decisions on Thursday LONDON, Dec 12 (Reuters) – Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto … Read more

Kansas residents hold their noses as crews mop up massive U.S. oil spill

Kansas residents hold their noses as crews mop up massive U.S. oil spill

WASHINGTON, Kan., Dec 10 (Reuters) – Residents near the site of the worst U.S. oil pipeline leak in a decade took the commotion and smell in stride as cleanup crews labored in near-freezing temperatures, and investigators searched for clues to what caused the spill. A heavy odor of oil hung in the air as tractor … Read more

Investigators, cleanup crews begin scouring oil pipeline spill in Kansas

Investigators, cleanup crews begin scouring oil pipeline spill in Kansas

WASHINGTON, Kansas, Dec 9 (Reuters) – Emergency crews on Friday were preparing to labor through the weekend to clean up the largest U.S. crude oil spill in nearly a decade, with workers descending on this farming community from as far away as Mississippi. A heavy odor of oil hung in the air, according to a … Read more

China’s Xi calls for oil trade in yuan at Gulf summit in Riyadh

China’s Xi calls for oil trade in yuan at Gulf summit in Riyadh

Xi says summit with Gulf, Arab League is ‘milestone’ U.S. wary of growing Chinese influence in Arab world Arabs defy U.S. pressure to limit China ties, cut off Russia Summits showcase Saudi Crown Prince Mohammed as key leader RIYADH, Dec 9 (Reuters) – President Xi Jinping told Gulf Arab leaders on Friday that China would … Read more

Twenty oil tankers halted near Istanbul in insurance dispute

Twenty oil tankers halted near Istanbul in insurance dispute

Backlog unsettling oil and tanker markets Turkey says out of question to take insurance risk Yellen says oil from Kazakhstan should not be targeted Ankara says most of waiting ships are EU vessels ISTANBUL, Dec 9 (Reuters) – The number of oil tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on … Read more

Saudi Arabia signs Huawei deal, deepening China ties on Xi visit

Saudi Arabia signs Huawei deal, deepening China ties on Xi visit

Xi gets lavish welcome in Riyadh, a contrast with Biden trip Chinese leader heralds ‘new era’ in ties with Arab world U.S. wary of China’s growing influence RIYADH, Dec 8 (Reuters) – Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including … Read more