Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Oil falls to nearly 6-month lows after surprise US crude, gasoline build

Oil falls to nearly 6-month lows after surprise US crude, gasoline build

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register US crude, gasoline stockpiles rise unexpectedly – EIA OPEC+ decides on small 100,000 bpd increase to output target US had … Read more

BP boosts dividend after profit hits 14-year high

BP boosts dividend after profit hits 14-year high

Profits soar to $8.45 bln, far exceeding forecasts BP boosts dividend by 10% BP to boost spending on oil and gas, CEO says Profits driven by strong oil trading, hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins … Read more

U.S. targets Chinese, UAE firms in new Iran oil sanctions

U.S. targets Chinese, UAE firms in new Iran oil sanctions

Model of petrol pump is seen in front of US and Iran flag colors in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 2 (Reuters) – The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens … Read more

World stocks eye best month since late 2020, dollar slips

World stocks eye best month since late 2020, dollar slips

MSCI World index up 0.3%; nearly 6% for the month Dollar down 0.5% against a basket of major peers Markets bet US slowdown to temper rate tightening LONDON/SINGAPORE, July 29 (Reuters) – Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening US economy could slow … Read more

Shell smashes record again with $11.5 billion profit

Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Shell announced $6 bln buyback program Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – … Read more

Oil rises for a second day on supply tightness concerns

Oil rises for a second day on supply tightness concerns

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Russia’s Gazprom tightens squeeze on gas flow to Europe Fed expected to hike rates 75 bps on Wednesday Brent premium to US crude hits widest in … Read more

Oil falls on lackluster US summer gasoline demand

Oil falls on lackluster US summer gasoline demand

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register US crude stocks dip, gasoline builds as demand slackens – EIA Canada export Keystone pipeline at reduced rates for third day Central bank … Read more

World shares hit three-week high on easing recession fears

World shares hit three-week high on easing recession fears

European stocks steady, US futures up 0.4% Asian stocks rise 1%, Nikkei up 2.67% Oil rallies more than $1 a barrel LONDON/BEIJING, July 20 (Reuters) – World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession, though … Read more

Putin forges ties with Iran’s supreme leader in Tehran talks

Putin forges ties with Iran's supreme leader in Tehran talks

Russian leader also meets Iranian president Raisi Discuss Ukraine grain exports with Turkey’s Erdogan Turkish threat of Syrian operation also in focus LONDON/DUBAI, July 19 (Reuters) – Russian President Vladimir Putin had talks with Supreme Leader Ayatollah Ali Khamenei in Iran on Tuesday, the Kremlin leader’s first trip outside the former Soviet Union since Moscow’s … Read more