OPEC's Barkindo: There will be deal on Friday
1h ago
Saudi: OPEC must adopt flexible policy, cuts to be discussed

Saudi: OPEC must adopt flexible policy, cuts to be discussed

2h ago
Iran to participate at OPEC meeting

Iran to participate at OPEC meeting

6h ago
German producer prices increase 2.7% in May

German producer prices increase 2.7% in May

7h ago
BoJ: Companies likely to move toward wage rises

BoJ: Companies likely to move toward wage rises

13h ago
  • API measures drop in US oil inventories – report
    API measures drop in US oil inventories – report
    16h ago

    Oil futures remained in the red in late trade on Tuesday even though market participants learned from the media that the American Petroleum Institute's weekly report showed a surprising decline in inventories in the United States. Th...

  • US housing starts jump 5% in May
    US housing starts jump 5% in May
    6/19

    Housing starts in the United States increased by 5% to a seasonally adjusted rate of 1,350,000 in May compared to April's revised level of 1,286,000, the US Census Bureau and Department of Housing and Urban Development announced on T...

  • Russian government to allocate $5.14B for oil companies
    Russian government to allocate $5.14B for oil companies
    6/19

    The Russian government is considering allocating $5.14 billion to support domestic oil plants, particularly those located far from major export markets, such as Siberia, the Urals, and the Volga region. The incentive will be introduced a...

  • Oil prices decline amid potential output rise
    Oil prices decline amid potential output rise
    6/19

    West Texas Intermediate declined approximately 1% on Tuesday and Brent also traded lower as the global output is expected to rise after comments from Russia and Saudi Arabia.

    Meanwhile, the production output increase may not be w...

  • Eurozone construction output up 1.8% in April
    Eurozone construction output up 1.8% in April
    6/19

    Seasonally adjusted production in the construction sector rose 1.8% in the euro area in April compared to the previous month, according to a preliminary Eurostat report published on Tuesday. On a yearly basis, the construction output als...

  • Draghi: Inflation gradually returning toward objective
    Draghi: Inflation gradually returning toward objective
    6/19

    European Central Bank (ECB) President Mario Draghi said on Tuesday that "the euro area’s economy continues on a growth path and inflation is gradually returning toward our objective" in his speech at the ECB Forum on Cent...

  • China will react if US issues new list of tariffs
    China will react if US issues new list of tariffs
    6/19

    Chinese Commerce Ministry said that China doesn't want a trade war with the United States, but that it will protect its interests and take "qualitative and quantitative measures" if the US publishes an additional tariffs li...

  • US: Aluminium sheet imports from China subsidized
    US: Aluminium sheet imports from China subsidized
    6/19

    The United States Commerce Department announced it determined that imports of aluminum sheet from China are being subsidized by the government in Beijing and added anti-dumping duties will be enforced.

    “The Aluminum Associa...

  • Fed's Bostic: Expansion to be kept sustainable
    Fed's Bostic: Expansion to be kept sustainable
    6/18

    Without revealing his current forecast for the path of interest rates, Raphael Bostic said on Monday that the United States Federal Reserve should pursue a policy toward a "more neutral stance," meaning to shift from stimulus t...

  • Confidence in construction in US weakens in June
    Confidence in construction in US weakens in June
    6/18

    The National Association of Home Builders and Wells Fargo said on Monday that their index of confidence regarding single family units slipped by two points to 68 this month. The report attributes a jump in prices of lumber, but stresses ...

  • EU, Australia enter trade agreement talks
    EU, Australia enter trade agreement talks
    6/18

    European Union Trade Commissioner Cecilia Malmstrom and Australian Prime Minister Malcolm Turnbull announced on Monday the start of negotiations for a "comprehensive and ambitious" trade agreement. The first formal round of tal...

  • EU prolongs sanctions against Crimea for another year
    EU prolongs sanctions against Crimea for another year
    6/18

    The European Union has decided to extend its sanctions against Crimea and Sevastopol by 12 more months until June 23, 2019, according to the European Council statement issued on Monday.

    Due to expire this Saturday, the European C...

  • Japan's exports accelerate 8.1% in May
    Japan's exports accelerate 8.1% in May
    6/18

    Export growth in Japan was up 8.1% year-over-year in May, marking a four-month high in pace and surpassing the April figure of 7.8%, according to a release by Japan Customs issued on Monday.

    Shipments to Asia grew 9.8% in May yea...

  • China announces 25% tariffs on 545 US products
    China announces 25% tariffs on 545 US products
    6/15

    On July 6, China's customs will implement retaliatory measures on import barriers announced by the United States, the State Council said on Friday. In bilateral trade, 25% tariffs will be slapped on imports of 545 items, the announce...

  • Fed's Kaplan sticks with three rate hikes for 2018
    Fed's Kaplan sticks with three rate hikes for 2018
    6/15

    Robert Kaplan, head of the Federal Reserve Bank of Dallas, said economic growth outlook in the United States is strong and that the rise in the gross domestic product should be "very strong" this year. Speaking in Fort Worth, T...