Oil gives up the year’s gains, closing at 2022 low

Oil gives up the year’s gains, closing at 2022 low

Brent crude closes at its lowest level this year U.S. fuel stocks build more than expected China’s relaxation of COVID curbs to support demand Investors wary over recession warnings, rate hike outlook HOUSTON, Dec 7 (Reuters) – The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains … Read more

Vietnam’s VinFast ships first electric vehicles to U.S. customers

Vietnam’s VinFast ships first electric vehicles to U.S. customers

HAI PHONG, Vietnam, Nov 25 (Reuters) – Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected … Read more

G20 summit deplores war in Ukraine ‘in strongest terms’

G20 summit deplores war in Ukraine ‘in strongest terms’

G20 says ‘most members’ condemn war in Ukraine Threat of use of nuclear weapons ‘inadmissible’ -declaration Agreement to calibrate monetary tightening NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” on Wednesday and demanded its unconditional withdrawal in a declaration … Read more

Division at G20 over bid to condemn Russia’s Ukraine invasion

Division at G20 over bid to condemn Russia’s Ukraine invasion

Most G20 members could strongly condemn Ukraine war Zelenskiy urges G20 to help end war under his plan Indonesia urges action on global economic problems China’s Xi to hold meetings with several other leaders NUSA DUA, Indonesia, Nov 15 (Reuters) – Disagreement emerged at a Group of 20 (G20) summit on Tuesday as the United … Read more

Biden, Xi prepare to meet ahead of G20 summit overshadowed by Ukraine

Biden, Xi prepare to meet ahead of G20 summit overshadowed by Ukraine

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping arrived on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden, ahead of a Group of 20 (G20) summit set to be fraught with tension over Russia’s invasion of Ukraine. The two leaders are expected to discuss … Read more

U.S. seeks no conflict with China, says Biden as G20 leaders gather

U.S. seeks no conflict with China, says Biden as G20 leaders gather

World leaders arrive in Bali Biden to meet China’s Xi on Monday Japan, S. Korea, U.S. denounce N. Korea missile launches Australia PM: talk with China premier ‘constructive’ Russia’s Lavrov says West militarising Southeast Asia NUSA DUA, Indonesia, Nov 13 (Reuters) – U.S. President Joe Biden said on Sunday his country will maintain open communication … Read more

G7 urges China to abstain from threats, use of force

G7 urges China to abstain from threats, use of force

MUENSTER, Germany, Nov 4 (Reuters) – The Group of Seven on Friday urged China to abstain from “threats, coercion, intimidation, or the use of force,” while expressing their aim for cooperation where possible to tackle global challenges including security, global health and climate. The mildly-worded communique, wrapping up two days of meetings by the foreign … Read more

China’s Xi greets Vietnamese ally with ceremony, call for defiance

China’s Xi greets Vietnamese ally with ceremony, call for defiance

BEIJING, Oct 31 (Reuters) – Chinese President Xi Jinping told the visiting leader of Vietnam’s ruling Communist Party on Monday that both countries and parties should “never let anyone interfere” with their progress, state broadcaster CCTV reported. The bullish message against outside interference came at a time of strained relations between China and the West, … Read more

Oil prices settle up; China demand hopes outweigh recession worry

Oil prices settle up; China demand hopes outweigh recession worry

Brent logs weekly rise, U.S. crude down on week U.S. drillers add rigs for second week – Baker Hughes Saudi says OPEC+ doing the right job to ensure stable market Fed’s Harker says high inflation calls for more rate hikes NEW YORK, Oct 21 (Reuters) – Oil prices settled up on Friday as hopes of … Read more

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

BP, Chevron cut offshore oil production ahead of Hurricane Ian Iraq says OPEC monitoring prices, seeks market balance Coming up: API supply report at 4:30 p.m. EDT, 2030 GMT NEW YORK, Sept 27 (Reuters) – Oil rose more than $1 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs … Read more