Where Chinese Investors Meet Global Investment

中國投資者探索環球投資新聞及機遇

US crude jumps 2.6%, settling at $49.78, on trade talks and OPEC cuts

US crude jumps 2.6%, settling at $49.78, on trade talks and OPEC cuts

Oil prices rose on Tuesday, supported by hopes that demand may rise more quickly if talks between U.S. and Chinese officials resolve the trade dispute between the world’s two biggest economies. A possibility that OPEC-led supply cuts could...

Read more
The last time oil did this, it surged 80 percent

The last time oil did this, it surged 80 percent

Crude oil could be on the verge of a big comeback. Since surging to four-year highs in October, the commodity has plummeted 39 percent down to levels not seen since mid-2017. The last time it saw these lows, it had a massive rally, says Matt...

Read more
OPEC reportedly set to publish production cut quotas to boost falling oil prices

OPEC reportedly set to publish production cut quotas to boost falling oil prices

OPEC is reportedly planning to release a table detailing voluntary supply cut quotas among its members and allies, Reuters reported Thursday, as the influential oil cartel steps up its efforts to put a halt to one of the biggest oil price falls...

Read more
Global oil producers have set ‘floor’ of $60 a barrel, IEA says

Global oil producers have set ‘floor’ of $60 a barrel, IEA says

Co-ordinated action among global producers to enact supply cuts has helped to put a “floor” under crude prices around $60 a barrel, the International Energy Agency said on Thursday. “The agreement aims to achieve relative stability and to bring...

Read more
OPEC and allies agree to cut oil production by 1.2 million barrels per day

OPEC and allies agree to cut oil production by 1.2 million barrels per day

Major oil producers have reached a deal to cut oil production and boost the market, following two days of grueling negotiations and despite opposition from U.S. President Donald Trump. OPEC clinched the deal with allied oil-producing nations...

Read more
Opec and Russia set to defy Trump with oil output cut

Opec and Russia set to defy Trump with oil output cut

Saudi Arabia and Russia are on the verge of agreeing on a deal to cut oil production, defying calls from US President Donald Trump to leave the taps open to keep prices low. The Opec oil cartel and allies led by Russia said in Vienna on Wednesday...

Read more
OPEC works on deal to cut output, still needs Russia on board

OPEC works on deal to cut output, still needs Russia on board

OPEC and its allies are working toward a deal this week to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a major cut was so far the main stumbling block. OPEC meets on Thursday in...

Read more
US crude rises 4%, settling at $52.95, on trade truce and expected supply cuts

US crude rises 4%, settling at $52.95, on trade truce and expected supply cuts

Oil prices surged higher on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply. U.S. light crude...

Read more
Navy admiral named Brazil’s Minister of Mines and Energy

Navy admiral named Brazil’s Minister of Mines and Energy

Brazil’s President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to  Bolsonaro’s government and the 20th Minister...

Read more
China Slams Brakes on U.S. Crude Oil Imports

China Slams Brakes on U.S. Crude Oil Imports

Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S...

Read more
Oil Bullishness Is at a 4-Month High

Oil Bullishness Is at a 4-Month High

It seems hedge funds are jumping on the $100 crude bandwagon. As speculation increases that global oil prices could again trade that high, money managers are piling on bullish wagers, while short-selling shrinks. They are the most optimistic on a...

Read more
Do NOT follow this link or you will be banned from the site!