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January 16, 2021

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Chevron reviewing political donations after U.S. Capitol riots – CEO

Reuters
(Reuters) – Chevron is reviewing political donations after last week’s violent invasion of the U.S. Capitol, Chief Executive Officer Mike Wirth said on Tuesday while speaking at the Reuters Next conference. “I specifically asked my team to take a look at the events of last week and make sure those......

Iran tells South Korea not to politicise seized vessel, demands release of funds

Reuters
A South Korean-flagged tanker vessel which was seized by Iran’s Revolutionary Guards is seen in Gulf waters, Iran January 4, 2021. Picture taken January 4, 2021. IRGC/WANA (West Asia News Agency) via REUTERS DUBAI (Reuters) – Iran said on Sunday that South Korea should avoid politicising the seizure of its......

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. FILE PHOTO: A Marathon......

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON, Jan 10 (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude......

Asian shares fall amid uncertainty about Georgia senate runoff

Reuters
TOKYO (Reuters) – Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden’s economic policies. TV camera men wait for the opening of market in front of a large screen showing stock prices at the......

World stocks ring in new year with record highs

Reuters
LONDON (Reuters) – World stock markets hit record highs on Monday, the first trading day of the new year, as investors hoped the rollout of vaccines would ultimately lift a global economy decimated by the COVID-19 pandemic. The Chinese yuan surged nearly 1% against the dollar, while the greenback plumbed......

GLOBAL MARKETS-World stock markets kick off 2021 at record highs

Reuters
* MSCI All-Country World Index hits record high * Bitcoin trades above $32,000 * Yuan surges nearly 1% vs. dollar * Graphic: 2020 asset performance tmsnrt.rs/2yaDPgn LONDON, Jan 4 (Reuters) – World stock markets hit record highs on Monday, the first trading day of the new year, as investors hoped......

UPDATE 1-OPEC ready to adjust oil output increases -Barkindo

Reuters
(Updates with details, background) LONDON/MOSCOW, Jan 3 (Reuters) – OPEC and its allies, led by Russia, stand ready to adjust their plans for a gradual increase in oil output by 2 million barrels per day in the next months depending on market conditions, OPEC Secretary General Mohammad Barkindo said on......

A (markets) journal of the plague year

Reuters
By Marc Jones, Ritvik Carvalho LONDON (Reuters) – Last December, the first infection with the new coronavirus was reported to the World Health Organization. Twelve months later, as the charts below show, global financial markets have been on a roller coaster like no other. FILE PHOTO: A trader walks past......

Global Markets: European shares end 2020 in a slump

Reuters
LONDON (Reuters) – European shares fell on Thursday as lockdowns and rising COVID-19 cases overshadowed the optimism around the rollout of vaccines in the New Year, while the dollar fell to a two-and-a-half-year low. Traders from BGC, a global brokerage company in London’s Canary Wharf financial centre react as European......

Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus

Reuters
SINGAPORE (Reuters) – Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus. FILE PHOTO: 3D printed oil barrels and percentage symbols are......

Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus

Reuters
SINGAPORE (Reuters) – Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus. FILE PHOTO: 3D printed oil barrels and percentage symbols are......

Oil set for 20% drop in 2020 as lockdowns weigh

Reuters
FILE PHOTO: 3D printed oil barrels and percentage symbols are seen in front of dollar banknotes in this illustration taken May 25, 2020. REUTERS/Dado Ruvic/Illustration SINGAPORE (Reuters) – Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralyzed much of the......

Oil rises on hopes of recovery in fuel demand

Reuters
SINGAPORE (Reuters) – Oil prices gained more ground on Wednesday as a U.S. coronavirus fiscal aid package and expectations of global economic recovery lifted hopes for higher fuel demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S.,......

Oil rises on hopes of recovery in fuel demand

Reuters
SINGAPORE (Reuters) – Oil prices gained more ground on Wednesday as a U.S. coronavirus fiscal aid package and expectations of global economic recovery lifted hopes for higher fuel demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S.,......

Oil rises on hopes of recovery in fuel demand

Reuters
SINGAPORE (Reuters) – Oil prices gained more ground on Wednesday as a U.S. coronavirus fiscal aid package and expectations of global economic recovery lifted hopes for higher fuel demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S.,......

Asian shares jump on U.S. stimulus, Japan’s Nikkei at 29-year high

Reuters
NEW YORK (Reuters) – Asian shares jumped on Tuesday, with Japanese stocks hitting a 29-year high, as hopes that a long-awaited U.S. pandemic relief package would be expanded and a Brexit trade deal supported investor risk appetites. FILE PHOTO: A man wearing protective face mask, following an outbreak of the......

Top five China commodities to eye for growth in 2021

Reuters
SHANGHAI (Reuters) – A China-led economic recovery should boost demand for these commodities in 2021 after COVID-19 roiled global markets in 2020. FILE PHOTO: Workers pour molten iron into a mould at a workshop in Hangzhou, Jiangsu province, China July 24, 2019. REUTERS/Stringer COPPER Iron ore and steel outperformed in......

Oil rises on U.S. inventory draw, Brexit deal hopes

Reuters
TOKYO (Reuters) – Oil extended gains on Thursday as a drawdown in U.S. stockpiles of crude and gasoline lifted demand hopes, while investors also cheered a potential Brexit trade deal. Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April......

Asian shares set for mixed open on resurgent virus worries

Reuters
NEW YORK (Reuters) – Asian shares were set for choppy trade on Wednesday as the investor focus swung between concerns about a new faster-spreading variant of the coronavirus and hopes that more U.S. fiscal aid would propel an economic recovery. FILE PHOTO: People wearing protective face masks, following an outbreak......

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