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U.S. stocks end mixed amid falling oil prices

NEW YORK, June 21 (Xinhua) -- U.S. stocks closed mixed Wednesday as investors digested a sharp decline in oil prices amid upbeat economic data. The Dow fell 0.27 percent, and the SP 500 dipped 0.06 percent, while the Nasdaq added 0.74 perce......【More】

2017-06-23

Oil prices retreat on oversupply concerns

NEW YORK, June 19 (Xinhua) -- Oil prices settled lower Monday as worries about a global supply glut weighed on the market. The West Texas Intermediate for July delivery decreased 0.54 U.S. dollar to settle at 44.20 dollars a barrel on the N......【More】

2017-06-21

Oil tankers store most oil this year as glut refuses to die

LONDON (Bloomberg) --Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region, a sign the market is far from the kind of re-balancing that OPEC would have hoped for when the group set out las......【More】

2017-06-20

Russia's oil company discovers new oil field on shelf

MOSCOW, June 18 (Xinhua) -- Russias oil giant Rosneft said Sunday it had discovered a new oil field near the Laptev Sea, which could be the biggest on the shelf. Rosneft said in a statement that it had discovered new hydrocarbon deposits wh......【More】

2017-06-19

Oil prices plunge on spike in U.S. gasoline inventories

NEW YORK, June 14 (Xinhua) -- Oil prices held big losses on Wednesday as weekly data showed an unexpectedly increase in U.S. gasoline inventories. The West Texas Intermediate for July delivery lost 1.73 U.S. dollars to settle at 44.73 dolla......【More】

2017-06-16

Cyprus supports Lebanon in disputed oil blocks with Israel

Lebanon s Energy and Water Minister Cesar Abou Khalil speaks during the thirdLebanonInternationalOiland Gas Summit in Beirut,LebanonMay 9, 2017. (Xinhua/Reuters Photo) BEIRUT, June 13 (Xinhua) -- Visiting Cyprus Foreign minister Ioannis Kas......【More】

2017-06-15

Oil prices rebound on signs of inventory declines

NEW YORK, June 12 (Xinhua) -- Oil prices settled higher Monday on signs of U.S. stockpile declines. The West Texas Intermediate for July delivery rose 0.25 U.S. dollar to settle at 46.08 dollars a barrel on the New York Mercantile Exchange,......【More】

2017-06-14

Russia's economy recovers despite sanctions, low oil prices: central bank chief

MOSCOW, June 9 (Xinhua) -- Russias economy has recovered despite Western sanctions and low oil prices, Russian central bank governor Elvira Nabiullina said Friday. The Russian economy has begun to grow. Production and investment have been g......【More】

2017-06-13

Oil prices rebound as traders buy dip

NEW YORK, June 9 (Xinhua) -- Oil prices settled mildly higher Friday as investors bought the dip after previous two-days sharp declines. The West Texas Intermediate for July delivery increased 0.19 U.S. dollar to settle at 45.83 dollars a b......【More】

2017-06-12

Oil spots of missing Myanmar military airplane found at sea: defense office

YANGON, June 8 (Xinhua) -- Some oil spots of the missing Myanmar military airplane have been found at a sea area, according to a release of the Defense Services Office on Thursday. The oil spots were found in waters 16 nautical miles southw......【More】

2017-06-09