Key Points
"Worries over weak demand in China outweighed the extension of supply cuts by OPEC+," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities, adding that mixed signs from..
Hamas-Israel war. and that conflict may expand in Russia and its neighbours," he said.. Data last week showed US job growth accelerated in February, but a rise in the unemployment rate and moderation in wage gains kept an anticipated June interest rate cut from the Federal Reserve on the table...
China's imports of crude oil rose in the first two months of the year compared with the same period in 2023, but they were weaker than the preceding months, data showed on Thursday, continuing a trend of softening purchases by the world's biggest buyer...
On the supply side, the Organization of the Petroleum Exporting Countries (Opec) and its allies, collectively known as Opec+, agreed early this month to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter...
Tension is also escalating in Russia and its neighbours, raising fear about a potential escalation in conflict outside of Ukraine, NS Trading's Kikukawa said.. Moldova's president on Thursday signed a defence cooperation accord with France, saying Russia was renewing efforts to destabilise her country and that if President Vladimir Putin was not stopped in Ukraine he would keep going..
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