Tag Archives: prices

China Home Prices Stop Three-Month Drop as Market Stabilizes

Chinese home prices rose in more cities in October, snapping a three-month decline, a sign the market is stabilizing amid government efforts to curb property speculation. New-home prices, excluding state-subsidized housing, climbed in 50 of the 70 cities tracked by the government, compared with 44 in September, the National Bureau of Statistics said on Saturday. Prices fell in 14 cities ... Read More »

Oil prices continue downward trend triggered by Harvey

With the largest refinery in the United States closed Wednesday, crude oil prices continued to bear the brunt of Tropical Storm Harvey. “At 5 a.m., Motiva began a controlled shutdown of the Port Arthur refinery in response to increasing local flood conditions,” the company said in a statement emailed to UPI. “Return to service is contingent upon recession of flood ... Read More »

Petrol, Diesel Prices Poised For A Cut. How Much Could You Save

Your visit to a fuel station to fill up petrol or diesel after the 15th of this month may leave you surprised: your bill might be less than you think. Global fuel prices have fallen over the past fortnight while the rupee has remained stable. Oil marketing companies like Indian Oil (IOC) and Hindustan Petroleum (HPCL) have already passed on ... Read More »

Plunging oil prices show OPEC has lost its grip on the market

OPEC is widely expected to extend production cuts that initially boosted oil futures above $50, but prices just keep falling. That raises concerns that oil prices could struggle to return to their 2017 highs in the mid and upper $50s even if the Organization of the Petroleum Exporting Countries carries over the output reductions through the second half 2017 when ... Read More »

Yogurt firm warns on higher milk prices

Danone, the world’s largest yogurt maker, has said it expects a “steep rise” in milk prices this year. The French firm, which makes Activia and Actimel yogurts, said the increase would weigh on profits, but did not say if it would need to raise prices. Danone also said it was implementing cost cuts worth 1bn euros (£850m). Milk prices will ... Read More »

Oil extends losses as gasoline weighs down prices

Oil prices fell on Tuesday, pressured by sluggish demand and evidence of a burgeoning revival in U.S. shale production that could complicate efforts by OPEC and other producers to reduce a supply glut. Benchmark Brent crude LCOc1 was down 80 cents at $54.92 a barrel by 11:31 EST (1531 GMT). On Monday, the Brent futures contract closed down $1.09 a ... Read More »

Australia predicts dramatic fall in iron ore prices

Shares in Australian mining companies have fallen after the government forecasted a dramatic decline in iron ore prices. The government forecast an iron ore price of $46.70 a tonne by 2018, almost half the current level of $80. The current price is supported by resurgent demand from China. But the Department of Industry, Innovation and Science said that demand was ... Read More »

China’s November home prices show government curbs starting to cool sharp rally

China’s property market slowed further last month, with average new home prices in the nation’s 70 major cities cooling from October as a raft of government curbs appeared to discourage speculative demand. New home prices rose 0.6 percent month-on-month, slowing from October’s 1.1 percent, according to Reuters calculations from data issued by the National Bureau of Statistics (NBS) on Monday. ... Read More »

Oil prices rise in anticipation of tighter 2017 market

Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close. U.S. West ... Read More »

Oil prices jump on new output deal

Oil prices have surged after oil producing countries that are not Opec members agreed to cut output. Brent crude jumped to $57.89 a barrel – the highest since July 2015 – before falling back to $56.55, although that was still a gain of 4.1% on the day. On Saturday, non-Opec countries agreed to cut their output by 558,000 barrels a ... Read More »