Rains dampen Indian state retailers’ Aug. 1-15 diesel sales

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 16 (Reuters) – Gasoil sales by Indian state fuel retailers in the first half of August were subdued from levels … Read more

UK leadership candidates seek to undermine the new push for Scottish independence

LONDON, Aug 15 (Reuters) – The two candidates battling to be Britain’s next prime minister will try to present themselves as defenders of Scotland’s place in the United Kingdom on Tuesday by promising more scrutiny of Scotland’s government to undermine a new push for independence. The Scottish National Party, which heads Scotland’s semi-autonomous government, wants … Read more

Morning Bid: Asia’s economic spotlight shines on giants China, Japan

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 15 (Reuters) – A look at the day ahead in Asian markets … Read more

Argentina to give tax, customs benefits to oil companies

BUENOS AIRES, Aug 11 (Reuters) – Argentina is planning to give tax and customs benefits to oil companies so they can boost production, the country’s new economy “superminister” said on Thursday. The move comes as the country seeks to turbo-charge investments in the Vaca Muerta shale formation, the world’s fourth-largest shale oil reserve and the … Read more

US oil refiners, pipeline companies expect strong demand for the rest of 2022

Gasoline prices are displayed at an Exxon gas station behind the American flag in Edgewater, New Jersey, US, June 14, 2022. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 9 (Reuters) – US oil refiners and pipeline operators expect energy consumption to be strong for the second half of … Read more

Oil edges up as strong economic data feeds hopes for demand

FILE PHOTO – A oil field worker works at a pump jack in PetroChina’s Daqing oil field in China’s northeastern Heilongjiang province November 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Reuters.com Register HOUSTON, Aug 8 (Reuters) – Oil prices edged up on Monday, hovering near their lowest levels in months in … Read more

Stocks slip, investors cautious ahead of US jobs data

LONDON, Aug 5 (Reuters) – European equities slipped on Friday and were little changed on the week as traders waited for US jobs data to give clues as to the health of the world’s largest economy. The MSCI world equity index, which tracks shares in 47 countries, was up 0.1% and set for a weekly … Read more

Jittery markets see bond funds enjoy largest weekly inflows since Nov 2021

Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 5 (Reuters) – Bond funds recorded their largest weekly inflow … Read more

EXCLUSIVE Brigham Minerals explores sale of the company-sources

Aug 3 (Reuters) – Brigham Minerals Inc (MNRL.N), a company that owns the rights to extract oil and natural gas from land across numerous US shale basins, is exploring options that include a sale or a merger, people familiar with the matter said on Wednesday. Brigham’s shares have risen more than 20% this year as … Read more

US stocks advance, Treasury yields rise following strong economic data, Fed resolve

NEW YORK, Aug 3 (Reuters) – Wall Street advanced and Treasury yields touched two-week highs on Wednesday as abating geopolitical concerns, robust economic data and generally upbeat corporate earnings fed investor risk appetite. All three major US stock indexes were higher, and benchmark 10-year Treasury yields gained ground. Economic data showed an unexpected acceleration of … Read more