Asia-Pacific News Australia & New Zealand

  • *U.S.- China trade talks to resume in Washington next week. NEW YORK, Feb 15- Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment. The partial closure of Saudi Arabia's...

  • LONDON, Feb 15- Brent crude oil climbed above $65 a barrel to its highest this year as OPEC- led supply cuts and this week's announcement of a higher than expected cut by Saudi Arabia encouraged investors. The Organization of the Petroleum Exporting Countries and allies led by Russia started voluntary production cuts last month, aiming to tighten the market.

  • LONDON, Feb 15- Brent crude oil climbed above $65 a barrel to its highest this year as OPEC- led supply cuts and this week's announcement of a higher than expected cut by Saudi Arabia encouraged investors. The Organization of the Petroleum Exporting Countries and allies led by Russia started voluntary production cuts last month, aiming to tighten the market.

  • *Brent tops $65 a barrel for the first time this year. LONDON, Feb 15- Brent crude oil briefly reached 2019 highs above $65 a barrel on Friday as OPEC- led supply cuts and this week's announcement of a higher than expected cut by Saudi Arabia encouraged investors. The international oil benchmark rose as high as $65.10, pushing past $65 for the first time this year.

  • *Brent tops $65 per barrel for first time this year. SINGAPORE, Feb 15- Brent crude oil prices slipped away from 2019 highs above $65 per barrel reached earlier on Friday, as economic concerns countered OPEC- led supply cuts and a partial shutdown of Saudi Arabia's biggest offshore oil field. Brent rose as far as $65.10, pushing past the $65 mark for the first time this...

  • *Brent tops $65 per barrel for first time this year. SINGAPORE, Feb 15- Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC- led supply cuts and a partial shutdown of Saudi Arabia's biggest offshore oil field. Brent rose as far as $65.10, pushing past the $65 mark for the first time this year, before falling back to $64.77 by 0623 GMT.

  • *Brent tops $65/ barrel for first time this year. SINGAPORE, Feb 15- Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC- led supply cuts and a partial shutdown of Saudi Arabia's biggest offshore oil field. Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, before edging back to $64.89 a barrel by 0531 GMT.

  • SINGAPORE, Feb 15- Oil prices rallied on Friday, with Brent crude futures hitting fresh 2019 highs amid U.S. sanctions against Venezuela and Iran and supply cuts led by the Organization of the Petroleum Exporting Countries. OPEC and some non-affiliated suppliers including Russia are withholding supply in order to tighten the market and prop up prices.

  • "Between supply issues out of Venezuela and Saudi Arabia and implications for demand swirling around the market as a result of the US-China trade war... the crude oil and distillate markets have been subjected to a tug-of-war that has kept prices severely range-bound," said David Thompson, executive vice-president at Powerhouse, an energy-specialized...

  • The price of crude has gained about 20 percent this year, driven primarily by the prospect of a decline in oil supply from OPEC and other top exporters such as Russia. "This rally that we're seeing over the last two to three days is completely justified when you put the predicted OPEC production cuts into your global oil supply and demand equation," Tamas Varga of PVM...

  • Euro at 3- month low after Germany just skirts recession. *China exports, imports easily beat forecasts. LONDON, Feb 14- Optimism about U.S.- China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved.

  • The price of crude has risen 20 percent this year, driven primarily by the prospect of a decline in oil supply from OPEC and other top exporters such as Russia. "This rally that we're seeing over the last two to three days is completely justified when you put the predicted OPEC production cuts into your global oil supply and demand equation," Tamas Varga of PVM Oil...

  • BEIJING, Feb 14- London copper prices moved higher for a second session on Thursday after better-than-expected trade data from top copper consumer China, while investors awaited the outcome of high-level Sino-U.S. trade talks in Beijing. Unwrought copper imports into China, the world's top copper consumer, rose 12 percent from December to 479,000 tonnes in...

  • MELBOURNE, Feb 14- Australia's Queensland Rail said on Thursday that it expects a rail track hit by flooding this month that has disrupted zinc shipments from major producers like Glencore to be repaired within the next six months. South 32 Chief Executive Graham Kerr said in an earnings call on Thursday that the company was looking into trucking concentrate...

  • *Asia sales, including China, up 32.4 percent to A $393.8 mln. *Company says direct sales help it beat slower China demand. SYDNEY, Feb 14- Australia's Treasury Wine Estates Ltd toasted yet another record half-year profit, as a self-distribution model in China helped the winemaker defy weaker consumer spending in the world's second-largest economy.

  • SINGAPORE, Feb 14- Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook, and as China's trade figures including crude imports beat forecasts. West Texas Intermediate crude futures were at $54.16 per barrel at 0413 GMT, up 26 cents, or 0.5 percent, from their last...

  • *China exports, imports easily beat forecasts. SYDNEY, Feb 14- Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-U.S. tariff talks, though China trade data handily beat expectations in a welcome relief for the global economy. With Treasury Secretary Steven Mnuchin and Trade Representative...

  • SINGAPORE, Feb 14- Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook. West Texas Intermediate crude futures were at $54.15 per barrel at 0204 GMT, up 25 cents, or 0.5 percent, from their last settlement. Optimism that a trade deal could be reached between the United...

  • Corn was little changed and soybeans eased as traders waited to see if U.S.- China trade talks would show the two sides moving to end their spat. As of 1:02 p.m. CST, Chicago Board of Trade March wheat was up 3-1/ 4 cents at $5.23-1/ 4 per bushel after reaching $5.24, the contract's highest since Feb. 7. Treasury Secretary Steven Mnuchin said on Wednesday trade talks...

  • LONDON, Feb 13- Copper rose from a two-week low on Wednesday due to signs of an easing in tensions in the U.S.- China trade conflict but a lack of firm resolution kept a lid on the tepid gains. Treasury Secretary Steven Mnuchin said he hopes for "productive" trade meetings in China this week. "Copper demand is sufficiently strong to support prices at these levels,...