Commodities market http://www.globalpost.com/taxonomy/term/24448/BF_WIDGET_SRC en Egypt struggles to buy oil as currency crisis deepens http://www.globalpost.com/dispatch/news/thomson-reuters/130108/egypt-struggles-buy-oil-currency-crisis-deepens <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* State firm EGPC buys only half oil volumes it sought for Q1</p> <p>* Traders cite lack of cash, letters of credit</p> <p>* Egyptian pound loses value</p> <p>By Julia Payne</p> <p>LONDON, Jan 8 (Reuters) - Egypt's currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for cash-strapped Cairo to buy vital crude for its refineries.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/egypt-struggles-buy-oil-currency-crisis-deepens" target="_blank">read more</a></p> Business Commodities market Matter oil Soft matter Thomson Reuters Tue, 08 Jan 2013 18:00:24 +0000 5731734 at http://www.globalpost.com U.S. gas prices rise 6 cents; first time since October-survey http://www.globalpost.com/dispatch/news/thomson-reuters/130113/us-gas-prices-rise-6-cents-first-time-october-survey <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW YORK, Jan 13 (Reuters) - The average price for a gallon of regular gasoline in the United States rose in the last three weeks for the first time since early October, as U.S. refineries passed on the cost of higher crude oil prices, according to a widely followed survey released on Sunday.</p> <p>Gasoline prices averaged $3.3247 per gallon on Jan. 6, up 6.68 cents from Dec. 21, said Trilby Lundberg, editor of the Lundberg Survey.</p> <p>Prices had declined for the prior 11 weeks, falling 57.96 cents since touching near $3.84 on Oct. 5.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130113/us-gas-prices-rise-6-cents-first-time-october-survey" target="_blank">read more</a></p> Business Commodities market Pricing Thomson Reuters Sun, 13 Jan 2013 19:15:28 +0000 5733894 at http://www.globalpost.com UPDATE 4-India prods diesel prices up to tackle fiscal deficit http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-2-india-allows-state-run-oil-firms-raise-diesel-prices <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Diesel prices to rise monthly from Friday by 0.4-0.5 rupees</p> <p>* Subsidies a drain on budget; govt struggling to contain deficit</p> <p>* Bulk sales will be at market rates (Recasts lead with details of price increase)</p> <p>By Nidhi Verma and Manoj Kumar</p> <p>NEW DELHI, Jan 17 (Reuters) - India's government told fuel retailers to raise the price of subsidised diesel in small amounts every month starting Friday in an attempt to prop up public finances without causing a popular backlash before elections.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-2-india-allows-state-run-oil-firms-raise-diesel-prices" target="_blank">read more</a></p> Business Commodities market Entertainment Gasoline and diesel usage and pricing Liquid fuels Petroleum products Subsidies Technology Thomson Reuters Thu, 17 Jan 2013 11:30:37 +0000 5735527 at http://www.globalpost.com European shares steady, near-term momentum slows http://www.globalpost.com/dispatch/news/thomson-reuters/130129/european-shares-steady-near-term-momentum-slows <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 flat, Euro STOXX 50 down 0.3 pct * RBS, Software AG drag down banks, tech sectors * Major stock indexes near "overbought" territory By Atul Prakash LONDON, Jan 29 (Reuters) - European equities steadied near two-year highs on Tuesday, with weaker banking and technology shares offsetting positive sentiment after a strong start to the earnings season and a brightening economic outlook.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/european-shares-steady-near-term-momentum-slows" target="_blank">read more</a></p> Business Commodities market Entertainment Financial economics Investment Labor Law Thomson Reuters Tue, 29 Jan 2013 13:15:21 +0000 5740979 at http://www.globalpost.com GLOBAL MARKETS-US stocks mixed, Treasuries flat; Fed ahead http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-us-stocks-mixed-treasuries-flat-fed-ahead <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Markets await Fed meeting, data on U.S. and China</p> <p>* Brent oil holds above $113 a barrel</p> <p>NEW YORK, Jan 29 (Reuters) - U.S. stocks were mixed and U.S. Treasury prices traded near flat on Tuesday with investors cautious about a two-day Federal Reserve policy meeting slated to end on Wednesday.</p> <p>Investors were reluctant to make big bets on some mixed U.S. economic data, given the run-up in stocks in recent weeks and risk in the form of a slew of economic reports throughout the week and the Fed meeting.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-us-stocks-mixed-treasuries-flat-fed-ahead" target="_blank">read more</a></p> Business Commodities market Price of petroleum Thomson Reuters Tue, 29 Jan 2013 15:45:16 +0000 5741034 at http://www.globalpost.com Dubai gold dealers shun Turkish bars on fears of link to Iran http://www.globalpost.com/dispatch/news/thomson-reuters/130130/dubai-gold-dealers-shun-turkish-bars-fears-link-iran <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Most dealers in Dubai's gold souk shun Turkish gold</p> <p>* Banks irked due to Turkey's booming gold trade with Iran</p> <p>* Traders in Dubai edgy over possible local government probe</p> <p>By Humeyra Pamuk</p> <p>DUBAI, Jan 30 (Reuters) - Trade in Turkish gold bars to Iran via Dubai is drying up as a growing number of banks and dealers refuse to buy the bullion to avoid the risks associated with Turkey's gold-for-gas trade with Iran.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130130/dubai-gold-dealers-shun-turkish-bars-fears-link-iran" target="_blank">read more</a></p> Commodities market Dubai Economy of Dubai United Arab Emirates Thomson Reuters Wed, 30 Jan 2013 12:00:48 +0000 5741460 at http://www.globalpost.com Oil prices mixed amid US jobs data http://www.globalpost.com/dispatch/news/afp/130131/oil-prices-mixed-amid-us-jobs-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices diverged on Thursday as markets focused on US jobs data and after the market moved on a Federal Reserve monetary policy announcement as well as unrest in the Middle East region.</p> <p>Brent North Sea crude for delivery in March climbed 29 cents to $115.19 a barrel in late London deals. The contract had hit a three-month high at $115.28 shortly before.</p> <p>New York's main contract, light sweet crude for March, meanwhile dropped 72 cents to $97.22 a barrel after reaching a four-month peak at $98.24 on Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130131/oil-prices-mixed-amid-us-jobs-data" target="_blank">read more</a></p> Business Commodities market Economics Labor Recessions AFP Thu, 31 Jan 2013 20:00:34 +0000 5742166 at http://www.globalpost.com US oil price eases after three days of gains http://www.globalpost.com/dispatch/news/afp/130131/us-oil-price-eases-after-three-days-gains <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US oil prices pulled back modestly Thursday after three straight days of gains, partly hurt by continued problems at the Seaway pipeline, but closed out January with a solid gain of more than $5 a barrel.</p> <p>New York's main contract, West Texas Intermediate crude for March delivery, lost 45 cents from Wednesday to settle at $97.49 a barrel.</p> <p>In London, Brent North Sea crude for March gained 55 cents a barrel to $115.55.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130131/us-oil-price-eases-after-three-days-gains" target="_blank">read more</a></p> Commodities market Measurement Petroleum AFP Thu, 31 Jan 2013 21:30:34 +0000 5742233 at http://www.globalpost.com Oil prices rise after upbeat US, China data http://www.globalpost.com/dispatch/news/afp/130201/oil-prices-rise-after-upbeat-us-china-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices finished higher Friday in New York, buoyed by greater optimism about global growth following encouraging indicators from the US and China.</p> <p>A barrel of West Texas Intermediate, the US benchmark, settled 28 cents higher at $97.77 on the New York Mercantile Exchange.</p> <p>Even stronger was the price of European oil benchmark Brent futures, which closed at $116.76 a barrel on the Intercontinental Exchange, up $1.21. The close was Brent's highest level since May 2012.</p> <p>Oil prices got a lift from Friday's monthly US nonfarm labor payroll data. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/oil-prices-rise-after-upbeat-us-china-data" target="_blank">read more</a></p> Business Commodities market Labor Law Price of petroleum Pricing AFP Fri, 01 Feb 2013 22:00:50 +0000 5743622 at http://www.globalpost.com Oil prices slip in Asia on profit-taking http://www.globalpost.com/dispatch/news/afp/130203/oil-prices-slip-asia-profit-taking <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices eased on profit-taking in Asian trade Monday after enjoying healthy gains at the end of last week following encouraging US jobs data, analysts said.</p> <p>New York's main contract, light sweet crude for delivery in March, dropped 25 cents to $97.52 a barrel and Brent North Sea crude for March also shed 25 cents to $116.51.</p> <p>"We're starting to see a little healthy pullback. Oil prices were quite strong last week on US nonfarm payroll results," said Yang Weiming, premium client manager at IG Markets Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130203/oil-prices-slip-asia-profit-taking" target="_blank">read more</a></p> Commodities market Labor Petroleum AFP Mon, 04 Feb 2013 03:15:28 +0000 5744963 at http://www.globalpost.com Oil prices slip in Asia on profit-taking http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-slip-asia-profit-taking <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices eased on profit-taking in Asian trade Monday after enjoying healthy gains at the end of last week following encouraging US jobs data, analysts said.</p> <p>New York's main contract, light sweet crude for delivery in March, dropped 30 cents to $97.47 a barrel in the afternoon and Brent North Sea crude for March shed 27 cents to $116.49.</p> <p>"We're starting to see a little healthy pullback. Oil prices were quite strong last week on US nonfarm payroll results," said Yang Weiming, premium client manager at IG Markets Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-slip-asia-profit-taking" target="_blank">read more</a></p> Commodities market Labor Petroleum AFP Mon, 04 Feb 2013 05:32:23 +0000 5745010 at http://www.globalpost.com Oil prices fall on profit-taking http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-fall-on-profit-taking <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell Monday on profit-taking after enjoying healthy gains at the end of last week following encouraging US jobs data, analysts said.</p> <p>Brent North Sea crude for delivery in March shed 76 cents to $116 a barrel in London midday deals. The contract had reached a near five-month high at $117.07 a barrel on Friday.</p> <p>New York's main contract, light sweet crude for March, dropped 95 cents to $96.82 a barrel in Monday trade.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-fall-on-profit-taking" target="_blank">read more</a></p> Commodities market Labor Petroleum Price of petroleum AFP Mon, 04 Feb 2013 13:16:38 +0000 5745331 at http://www.globalpost.com Oil prices fall on eurozone jitters, profit-taking http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-fall-eurozone-jitters-profit-taking <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell Monday on renewed political uncertainty in Italy and Spain and as investors booked profits after weeks of gains.</p> <p>New York's main contract, West Texas Intermediate (WTI) for March delivery, tumbled to $96.17 a barrel, settling $1.60 below Friday's close.</p> <p>Brent North Sea crude for delivery in March slid $1.16 to close at $115.60 a barrel in London trade.</p> <p>"All the reasons that it (oil) rallied last week have been reversed," said Matt Smith of Schneider Electric.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-fall-eurozone-jitters-profit-taking" target="_blank">read more</a></p> Commodities market Matter Soft matter AFP Mon, 04 Feb 2013 21:16:02 +0000 5745793 at http://www.globalpost.com Oil prices slip in Asian trade http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-slip-asian-trade <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell in Asian trade on Tuesday in line with a sell-off in regional equities, analysts said, largely due to political concerns in Spain and Italy.</p> <p>New York's main contract, light sweet crude for delivery in March dropped 14 cents to $96.03 a barrel and Brent North Sea crude for March shed 21 cents to $115.39.</p> <p>"Oil is sliding in parallel with equities markets here in Asia. We're seeing a more bearish market," said Victor Shum, managing director at energy consultancy IHS Purvin &amp; Gertz in Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/oil-prices-slip-asian-trade" target="_blank">read more</a></p> Commodities market Price of petroleum Pricing AFP Tue, 05 Feb 2013 03:45:49 +0000 5745967 at http://www.globalpost.com Oil prices slip in Asian trade http://www.globalpost.com/dispatch/news/afp/130205/oil-prices-slip-in-asian-trade <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Oil prices fell in Asian trade on Tuesday in line with a sell-off in regional equities, analysts said, largely due to political concerns in Spain and Italy.</p> <p>New York's main contract, light sweet crude for delivery in March dropped nine cents to $96.08 a barrel in the afternoon and Brent North Sea crude for March shed 41 cents to $115.19.</p> <p>"Oil is sliding in parallel with equities markets here in Asia. We're seeing a more bearish market," said Victor Shum, managing director at energy consultancy IHS Purvin &amp; Gertz in Singapore.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/oil-prices-slip-in-asian-trade" target="_blank">read more</a></p> Commodities market Price of petroleum Pricing AFP Tue, 05 Feb 2013 06:31:04 +0000 5746057 at http://www.globalpost.com