Oil falls as US stocks increase

Tokyo — Oil prices resumed their slide on Wednesday, dragged down by a surprise gain in US inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with the Organisation of Petroleum Exporting Countries to withhold supplies.

Oil prices have fallen sharply on fears about slowing global demand, but won a respite on Tuesday after a global stock market rally on hopes of a cut in US interest rates. The oil market has been weighed down by concerns about slowing global growth from the US-Sino trade war and President Donald Trump’s threats last week to place tariffs on Mexican imports.

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Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

PIC has no record for R4bn investment into obscure oil exploration companyInvestment was made in obscure company with links to the ANC and former president Zuma BandiMchunu No leadership/captain whatsoever in that ship. Incredible! How many people were involved? Don’t think R4bn gets released by 1 rogue person? How is this, less of an outrage, than someone insulting another? I don't see the outcries....
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »