Energy news

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Friendly Friday

Asian equities move higher Asian markets have begun the day in an altogether positive mode after Wall Street outperformed overnight. Driving the equity rally were good results from department store retailers, notably high-end ones.

27-05-2022 04:55 GMT by Jeffrey Halley

Oil higher, gold softens

Oil Crude prices rose as a tight oil market was going to remain in place given the start of the summer driving season was going to keep a downward trajectory for US stockpiles. The EU is struggling to get Hungary on board for the required unanimous support needed for a ban on Russian oil. It still seems possible for the ban to get pushed through, but Hungary will need to have favorable terms. The gains for crude were limited as China’s Premier Li Keqiang delivered a downbeat outlook given the

26-05-2022 11:16 GMT by Edward Moya