Mar 21, 2013 08:46 EDT
Global crude oil prices turned lower on Thursday as traders banked profits despite strong Chinese manufacturing data.
Mar 21, 2013 07:23 EDT
Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world's number two economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.
Mar 20, 2013 14:20 EDT
The US will produce more oil than it imports beginning late this year for the first time in 18 years, the Energy Information Administration said Wednesday.
Mar 20, 2013 08:05 EDT
Global crude oil prices bounced back on Wednesday after eurozone finance ministers and the European Central Bank (ECB) vowed to support Cyprus as a crucial bailout deal stood on the brink of collapse, analysts said.
Mar 20, 2013 07:35 EDT
Asian markets were mixed on Wednesday after Cypriot lawmakers comprehensively rejected a plan to tax savings as part of a crucial bailout deal.
Mar 19, 2013 18:55 EDT
Brazil's state-run energy giant Petrobras said Tuesday it aims to triple oil production from its huge deep-water fields by 2017.
Mar 19, 2013 10:49 EDT
Europe's main stock markets dipped on Tuesday ahead of a key parliamentary vote in Cyprus on a crucial bailout deal that sent global share prices reeling the previous day.
Mar 19, 2013 07:12 EDT
Asian markets mostly rebounded on Tuesday while the yen fell against the dollar and euro as concerns over the eurozone abated on news Cyprus was reworking a controversial savings levy.
Mar 18, 2013 07:34 EDT
Asian markets tumbled on Monday and the euro sank as eurozone fears returned on news that Cyprus was planning to tax bank depositors as part of a controversial bailout.
Mar 18, 2013 07:16 EDT
Europe's main stock markets sank on Monday as investors reacted to weekend news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.
Mar 17, 2013 03:25 EDT
Australian Treasurer Wayne Swan on Sunday warned of a "dramatic" hit to the government's bottom line due to commodity price falls, steeling voters for an austere budget in an election year.
Mar 15, 2013 13:35 EDT
Europe's main stock markets fell on Friday in downbeat pre-weekend trading before the outcome of a major eurozone ministers meeting aiming to agree a bailout for the Cyprus government, dealers said.
Mar 15, 2013 09:10 EDT
Oil prices rose on Friday as a weaker US currency made the dollar-priced commodity cheaper, spurring demand, analysts said.
Mar 15, 2013 07:08 EDT
Asian markets were mixed on Friday following another strong lead from Wall Street, where traders took heart from more upbeat US jobs numbers.
Mar 14, 2013 09:06 EDT
Asian markets mostly rose on Thursday, while the dollar climbed against the yen after Japan's parliament agreed the government's nominees to lead the Bank of Japan.
Mar 13, 2013 10:42 EDT
European stock markets fell on Wednesday, mirroring earlier losses in Asia, as traders cashed in recent gains and chewed over mixed eurozone inflation figures.
Mar 13, 2013 08:54 EDT
Crude prices diverged on Wednesday ahead of a US data release and after a downgrade to a key oil demand growth forecast, analysts said.
Mar 13, 2013 08:40 EDT
European stock markets fell on Wednesday, mirroring earlier losses in Asia, as traders cashed in recent gains and absorbed diverging eurozone inflation data.
Mar 13, 2013 07:18 EDT
Asian markets mostly fell on Wednesday, with few catalysts to drive buying after recent gains, while Wall Street provided a limp lead.
Mar 12, 2013 10:50 EDT
Chevron Corp. Tuesday reaffirmed that it would meet its target for a large increase in oil and natural gas output in 2017.