new record

 
 

US oil industry set to break record, upend global trade

shale oil drilling

Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas. – Reuters filepic HOUSTON: Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And this new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s production willRead More


US oil industry set to break record, upend global trade

HOUSTON, Jan 16 — Surging shale production is poised to push US oil output to more than 10 million barrels per day — toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And this new record,…


KLCI to pause for breather after recent gains, stay above 1,800-level

KUALA LUMPUR (Jan 16): The FBM KLCI is likely to pause today to take a breather after its recent gains, in line with European stocks…


Euro hits three-year high as Europe leads global optimism

LONDON, Jan 16 — The euro shot to a three-year high yesterday as optimism around growth buoyed expectations of tighter monetary policy from European Central Bank, while the chance of a pro-European Union coalition in Germany also boosted…


Oil dips away from 2014 highs on rising US rig count

oil pipe

Brent crude futures, the international benchmark for oil prices, were at $69.72 per barrel at 0008 GMT, down 15 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.27 a barrel, down 3 cents. SINGAPORE: Oil prices dipped on Monday as rising drilling activity in the United States pointed to higher future output, although output cuts led by OPEC and Russia as well as healthy demand kept crude near December 2014 highs reached last week. Brent crude futures, the international benchmark forRead More


Oil dips away from 2014 highs on rising US rig count, but analysts say market supported

SINGAPORE, Jan 15 — Oil prices dipped today as rising drilling activity in the United States pointed to higher future output, although output cuts led by Opec and Russia as well as healthy demand kept crude near December 2014 highs reached last…


Britain’s FTSE seals new record as banks rally

LONDON, Jan 11 — A rise in banks and oil stocks boosted the UK’s top share index to a fresh record yesterday as climbing bond yields supported financials across Europe. Britain’s blue chip FTSE 100 index was up 0.2 per cent at 7,748.51 points,…


Wall Street hits new record at open on healthcare, bank gains

NEW YORK, Jan 9 — Wall Street rose to fresh high at open today, with gains for healthcare and bank stocks extending the new year rally that is powered by expectations of strong quarterly earnings. A 1.7 per cent rise in Johnson & Johnson and a…


World stocks rally starts slowing

LONDON, Jan 8 — A global 2018 stock market rally showed signs of losing momentum today as New York and London stocks stalled, but Asia and eurozone markets powered on. Asian equities mostly advanced following yet more records on Wall Street,…


World stocks up; US Treasury yields rise despite jobs report (VIDEO)

NEW YORK, Jan 6 — World stocks continued their strong start to 2018, with both the S&P and Nasdaq posting their best weekly gains in more than a year, while US Treasury yields rose despite a weaker-than-expected US jobs report. MSCI’s gauge…