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  • Red-hot fuel demand can't shore up the oil price alone Wednesday, 1 Jul 2015 | 8:48 AM ET

    LONDON, July 1- Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies the mantra of bulls who say the oil price is well on the mend. But warning signs, especially in Europe, may derail that view. Gasoline consumption has bounced far higher, with U.S. drivers joining those in India, Indonesia and China in driving more...

  • POLL-Iran oil exports could jump by 60 pct in a year Wednesday, 1 Jul 2015 | 5:59 AM ET

    LONDON/ BENGALURU, July 1- Iran will increase its oil exports by up to 60 percent within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday. A poll of 25 oil analysts from leading banks and brokerages forecast Iran would be able to raise crude oil output by between 250,000 and 500,000...

  • *Worried about Greece, investors shun riskier assets. NEW YORK, June 29- Crude futures hit 3- week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. "It's all about Greece today," said oil...

  • *Oil market also eyeing Iran nuclear negotiations. NEW YORK, June 29- Crude futures hit 3- week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. Also, the Iran deadline for a nuclear pact...

  • *Investors shun riskier assets on Greece fears. *Oil market also eyeing Iran nuclear negotiations. LONDON, June 29- Oil fell more than $1 to around $62 per barrel on Monday, touching its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • *Investors shun riskier assets on Greece fears. *Oil market also eyeing Iran nuclear negotiations. LONDON, June 29- Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • *Investors shun riskier assets on Greece fears. LONDON, June 29- Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook. The European Central Bank froze funding support to Greece's banks after bailout...

  • Business events scheduled for the coming month Friday, 26 Jun 2015 | 6:27 AM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for June, 10 a.m.; Commerce Department releases construction spending for May, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department releases employment data for June, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage...

  • June 25- Norwegian Air Shuttle ASA on Thursday announced flights between the United States and two islands in the French Caribbean, hinting that more routes and heightened competition with U.S. carriers are to come. Bilateral agreement allows Norwegian to fly between the United States and any point in European Union territory. Norwegian has expanded rapidly...

  • UPDATE 5-Oil prices around $60 as demand balances glut Thursday, 25 Jun 2015 | 8:57 AM ET

    North Sea Brent crude oil traded within a fairly narrow range as investors eyed a weak physical crude market in the Atlantic basin amid reports of stronger demand for gasoline and diesel in the United States and Europe. U.S. gasoline demand in the week to June 19 hit the highest seasonal level since 1991, according to the U.S. Energy Information Administration.

  • UPDATE 4-Oil steadies as stronger demand balances glut Thursday, 25 Jun 2015 | 7:15 AM ET

    LONDON, June 25- Crude oil prices steadied just above $60 a barrel on Thursday as strong demand for oil products helped balance a global overhang of oil for immediate delivery. North Sea Brent crude oil traded within a narrow 58- cent range as investors eyed a very weak physical crude market in the Atlantic basin amid reports of stronger demand for gasoline and...

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil eased below $64 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • DIARY- Top Economic Events to July 2 Thursday, 18 Jun 2015 | 8:01 PM ET

    TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso to deliver speech at annual meeting of trust associations- 0636 GMT. SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams gives policy speech before the National Bureau of Economic Research East Asian Seminar on Economics- 1540 GMT. PITTSBURGH, United States- Federal Reserve Bank of...

  • DIARY- Top Economic Events to June 29 Wednesday, 17 Jun 2015 | 8:01 PM ET

    LONDON- European Competition Commissioner Margrethe Vestager speaks about "Politicization of Competition Policy" at the Chatham House event, meets UK finance minister George Osborne and UK business minister Sajid Javid. TOKYO- Bank of Japan Monetary Policy Meeting. BERNE- Swiss National Bank Monetary policy assessment- 0730 GMT.

  • *Yemen talks start as Saudi-led warplanes strike capital. NEW YORK, June 15- Oil prices fell in volatile trading on Monday as the Greek debt crisis raised concerns about demand for petroleum in Europe and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war. The weak July Brent expiration also...

  • *Yemen talks start as Saudi-led warplanes strike capital. NEW YORK, June 15- Crude oil fell in volatile trading on Monday as the Greek debt crisis raised concerns about demand for petroleum in Europe and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war. Brent has fallen from a high above $66 last...

  • ABUJA, June 15- Nigeria's new leaders will meet the head of a leading global watchdog on corruption to see how billions of dollars in oil revenue leakage can be curbed. The head of Oslo- based the Extractive Industries Transparency Initiative is expected to meet Nigeria's president or vice president this week, its local arm said on Monday. The executive secretary...

  • *Yemen talks start as Saudi-led warplanes strike capital. NEW YORK, June 15- Crude oil fell on Monday as the Greek debt crisis boosted the dollar and raised concerns about demand for petroleum in Europe, and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war. Brent has fallen from a high above $66 last...

  • China to join EU in pledge to get Paris climate deal Monday, 15 Jun 2015 | 11:29 AM ET

    BRUSSELS, June 15- China, the world's biggest polluter, will sign a joint pledge with the European Union this month to seek a U.N. agreement to tackle climate change as one of "the greatest threats facing humanity," according to a draft statement seen by Reuters. Chinese Premier Li Keqiang will endorse the statement at a June 29 summit in Brussels with EU leaders, who...