These charts show Russia’s invasion of Ukraine has changed global oil

European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country’s oil, altering global flows for the commodity that powers the world. Russian oil exports had already been hurt by some EU members acting preemptively in anticipation of potential … Read more

Moscow says it will find other importers after EU ban

The EU partial embargo covers Russian oil brought into the bloc by sea, with an exemption carved out for imports delivered by pipeline following opposition from Hungary. Attila Kisbenedek | Afp | Getty Images Moscow pledged to find other importers for its oil shortly after the world’s largest trading bloc agreed to impose a partial … Read more

Oil prices jump after EU leaders agree to ban most Russian crude imports

EU leaders reached an agreement to ban 90% of Russian crude by the end of 2022. Joe Klamar | Afp | Getty Images Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year. During Asia hours on Tuesday, US crude futures were … Read more

EU to discuss watered-down oil embargo on Russia as Hungary holds firm

Oil prices rose as traders closely monitored the prospect of the EU agreeing to impose a ban on Russian oil imports. Attila Kisbenedek | Afp | Getty Images The European Union on Monday will continue to work towards an agreement to embargo Russian oil after attempts to do so on Sunday failed. The talks are … Read more

Asia-Pacific stocks rise ahead of major economic data this week

SINGAPORE – Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to major economic data releases later in the week. In Japan, the Nikkei 225 rose 1.74% in morning trade as shares of robot maker Fanuc jumped more than 3%. The Topix index traded 1.47% higher. Hong Kong’s Hang Seng index advanced … Read more

U.S.-China tariffs, oil and currencies

SINGAPORE – Markets in Asia-Pacific were subdued in early trade on Tuesday, as investors weighed a possible thawing of US-China trade relations as US President Joe Biden floated the idea of ​​tariff cuts on Chinese goods. In Japan, the Nikkei 225 was down 0.4% in early trading, while the Topix was lower by 0.2%. South … Read more

China benchmark lending rate, Wall Street losses

SINGAPORE – Shares in the Asia Pacific markets rose on Friday, with Hong Kong stocks leading gains as a volatile trading week comes to a close. The Hang Seng index jumped 2.2% in early trade and was last up 1.85%, while the Hang Seng Tech index spiked 3.55%. Chinese stocks listed in Hong Kong traded … Read more

Global oil crisis and inflation hurt consumers: World Energy Council

The current oil crisis is not like previous ones – and consumers will have to bear the brunt of it even as they grapple with rising inflation, Angela Wilkinson from the World Energy Council told CNBC. “I think this is a first global energy shock, this is not the same as the 1970s crisis, oil … Read more

Asia stocks mixed; Japan’s first quarter GDP data released

SINGAPORE – Shares in Asia-Pacific were mixed Wednesday morning following overnight comments from US Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.7% while the Topix index traded 0.67% higher. Japan’s economy shrank 1% on an annualized basis in January-March as … Read more

Hong Kong’s Hang Seng index leads gains as Asia-Pacific stocks rise

SINGAPORE – Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks … Read more