A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.
crude oil
Asian equities gained on Tuesday as a rebound in the crude oil price gave resource-related sectors a breather, but Tokyo shares bucked the trend and slipped as the yen's losing streak was tempered.
A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.
In a paper “Global Prospects and Policy Challenges” published ahead of the G20 Summit to be held on 15-16 November, the International Monetary Fund said that growth indicators have weakened in Eurozone and Japan after the release of the October World Economic Outlook (WEO).
Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while U.S. Treasury debt prices rose over uncertainty sparked by the protests.
Rosneft (ROSN.MM), Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley (MS.N)'s oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.
U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth.
U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
Russia's top oil producer has been planning to sell more than 2 million metric ton of crude oil to state-controlled BP in a deal valued more than $1.15 billion and was approved by the company's board.
An unnamed official from South Korea's S-Oil Corp said Saudi Arabian Oil Co or Saudi Aramco, the largest crude exporter in the world, will be buying a $2 billion stake in S-Oil, Bloomberg reported.
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