global-economy
Top StoriesKremlin Remains Downbeat on State of Black Sea Grain Deal
Top StoriesOil Prices Steady on Uncertain Global Outlook and Supply Concerns
Top StoriesBanking Stability Worries Go Behind Closed Doors at IMF-World Bank Meetings
Top StoriesWorld Stocks Cling to Upbeat Mood, Dollar Stalls
Markets in Q1: Moving Fast and Breaking Things
Date: March 31, 2023
(Corrects typo in paragraph 28, commercial not commerical) By Marc Jones LONDON (Reuters) – From a red-hot January as China cast off COVID curbs to February’s flop when interest rates surged and now a manic March of banking blow-ups – financial markets have had an action-packed start to the year even by recent standards. Totting...
Oil Ticks up as U.S. Inflation Cools, but Prices Set for Monthly Drop
Date: March 31, 2023
By Shadia Nasralla LONDON (Reuters) -Oil prices ticked up on Friday with U.S. inflation data showing some signs of slowing price rises, but on the month oil was on course for its weakest performance since November. Brent futures, which have risen nearly 6% this week, were up 22 cents or 0.3% at $79.49 a barrel...
Oil Rises on Demand Hopes as Banking Crisis Fears Subside
Date: March 17, 2023
By Florence Tan and Trixie Sher Li Yap SINGAPORE (Reuters) – Oil prices firmed on Friday after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil markets. Brent crude futures firmed...
Oil Prices Rebound After OPEC Upgrades China Demand Outlook
Date: March 15, 2023
By Yuka Obayashi and Florence Tan TOKYO (Reuters) – Oil prices rebounded more than 1% on Wednesday, recovering from the previous day’s plunge, as a stronger OPEC outlook on China’s demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures. Brent crude futures climbed 93 cents, or 1.2%, to...
Oil Steadies After Dipping on China Outlook; Investors Await Fed Clues
Date: March 6, 2023
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were steady on Monday as top oil executives debated supply tightness at an oil conference in Houston. Oil market and logistics are tight and vulnerable to any unexpected supply disruption, as Russian oil is still getting to the market, but at different costs, oil major Chevron Corp Chief...
Oil Heads for Weekly Loss on Rate Hike Worries, Ample Supply
Date: February 17, 2023
By Alex Lawler LONDON (Reuters) – Oil fell almost 3% on Friday and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply. Two Fed officials on Thursday warned additional hikes in borrowing costs are essential to...