Read full storyRead full storyFederal Reserve Chair Jerome Powell on Thursday said a half

Read full storyRead full story" I think it is an oversold rally on cooling in commodities, ” said

storyRead full storyAnalysts said the release of oil from emergency reserves has eased concerns about tight

2020 when WTI finished in negative territory.... Read full storyRead full storyPressuring oil prices

Read full storyRead full storyTsingshan has to either pay off the outstanding short positions

NEW YORK: Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy. Also pressuring prices, the U.S. dollar. DXY this week rose to its highest level since December 2002 against a basket of currencies, making oil more expensive for buyers using other currencies. Brent LCOc1 futures fell$ 6.69, or 5.6%, to settle at US$ 113.12 a barrel, while U.S. West Texas Intermediate( WTI) crude C

During the week, Brent rose to its highest intraday since May 2012 and WTI its highest since September 2008. Russia exports 4 million to 5 million barrels of oil daily, making it the second-largest crude exporter in the world after Saudi Arabia.... Traders were barely able to sell Russian oil all week, with Shell PLC SHEL.L on Friday the only notable buyer of a Russian cargo, which was sold at a steep$ 28-discount to physical Brent crude.... The government has resisted this move so far, due to

Read full storyThe United States and its allies, meanwhile, were discussing a possible further coordinated release of oil from storage to help calm oil markets.... Read full storyAlso weighing on crude prices, the dollar. DXY strengthened for the fourth time in five sessions.... Read full storyTrading was volatile for both crude benchmarks, which rose to fresh two-week highs early in the session on lingering supply concerns including early reports that crude export loadings were suspended at K

Read full storyAGL plans to re-brand as Accel Energy and hold the company's coal-fired power plants and wind farm contracts.... It would spin off AGL Australia Ltd, the country's biggest retailer of electricity and gas, into a separately listed company.... Read full storyAGL said earlier this month it had made significant progress in its demerger plans and repeated on Monday that the split was on track to be completed by June....

SINGAPORE: China has received a new shipment of nearly 2 million barrels of Iranian oil in the past week at a southern port, according to shipping trackers, with one tracker saying the cargo is destined for state reserves. The 260, 000 tonne cargo, carried by vessel Dorena which is owned by the National Iranian Tanker Corp( NITC), was discharged at Zhanjiang port, according to shipping tracking specialist Vortexa Analytics as well as U.S. advocacy group United Against Nuclear Iran, which special