energy minister

 
 

Euro falls on worries over German political uncertainty

NEW YORK, Nov 21 — The euro retreated yesterday on concerns about the political crisis engulfing Germany, but European and US stocks rose. At the close of trading, Frankfurt’s DAX 30 index was up 0.5 per cent, bouncing back from a weaker…


Euro, German stock market edge up after coalition talks collapse

LONDON, Nov 20 — The euro and Germany’s stock market managed to eke out gains today despite the country’s collapse of talks to form a new government. Around 1030 GMT, Frankfurt’s DAX 30 index was up 0.2 per cent after opening down by a…


Oil rises over 2pc, but shows first weekly fall in six

NEW YORK, Nov 18 — Oil rebounded more than 2 per cent yesterday after falling for five straight session as a major US crude pipeline was shut and traders anticipated an Opec deal to extend curbs on production. Prices, however, fell for the…


Oil climbs as Saudi Arabia seeks to dispel doubts over Russia

LONDON, Nov 17 — Oil climbed, paring losses earlier this week, as Saudi Arabia moved to dispel doubts over Russia’s readiness to extend output curbs. Futures rose 1.5 per cent in New York, trimming the weekly decline to 1.4 per cent, after…


Oil lingers near US$55 as investors wait for clarity on Opec deal

NEW YORK, Nov 17 — Oil closed lower for a third session, stuck near US$55 a barrel as traders’ certainty over the fate of Opec-led output cuts turned to doubt. Futures fell 0.3 per cent in New York. Opec leaders haven’t yet convinced…


Kremlin tells companies to deliver good news

MOSCOW, Nov 14 — The Kremlin wants good news. The Russian leadership has told major companies to supply it with news stories that put its stewardship of the country in a positive light, according to documents seen by Reuters. A seven-page…


Breakup of Saudi-Russian ‘bromance’ would collapse crude prices

NEW YORK, Nov 14 — The Saudi- and Russia-led supply limits that have lifted crude to a 2 1/2-year high must be prolonged for an extended period or prices will collapse, said Ed Morse, global head of commodities research at Citigroup Inc….


Opec chief says oil cuts only viable option to steady market

NEW YORK, Nov 13 — The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, Opec Secretary-General Mohammad Barkindo said.    Global curbs on output have helped trim crude…


Saudi’s Falih calls for more work to cut global oil inventory

TASHKENT, Nov 4 ― Saudi Arabian oil minister Khalid al-Falih said today that more work was needed to reduce global oil inventories. “There is a general satisfaction with the strategy of 24 countries that signed a declaration of…


Oil steady on Opec-led supply cuts, tight US market

LONDON, Nov 2 — Oil prices steadied today as supply cuts by Opec and other major exporters tightened the market despite higher production in the United States. Benchmark Brent crude was unchanged at US$60.49 (RM256) a barrel by 1005 GMT…