Oil prices may again fall into negative territory if Iraq doesn’t comply with OPEC+ deal

Iraq is OPEC's second-biggest crude producer and more than 90 per cent of the state budget, which reached $112 billion in 2019, is derived from oil revenues.Want to know more on Oil prices may again fall into negative territory if Iraq doesn’t comply with OPEC+ deal click here go to Commodity news source. Commodity news summary from The Economic Times.Author:

Ringgit higher against US dollar at close

A foreign tourist inquires about exchange rates on the Malaysian ringgit at a foreign currency money-changer in Kuala Lumpur on August 24, 2015. — AFP pic KUALA LUMPUR, July 13 — The ringgit ended higher against the US dollar today as the greenback retreated on concerns of the surge in Covid-19 cases in the US.The return of risk-on appetite to emerging markets had also helped to lift the...

Brazil’s offshore oil workers chilled by coronavirus outbreaks

On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms.Want to know more on Brazil's offshore oil workers chilled by coronavirus outbreaks click here go to market news source. Market news summary from Reuters Market News.Author:

Why I’d sell Carnival Stock today

Carnival (LSE: CCL) Stock have suffered significantly in the coronavirus crisis. The cruise operator has been one of the world’s worst-affected businesses by the pandemic. It has had to suspend all of its operations, but it is still liable for keeping its boats and crews in service. That means the firm is spending an estimated $1bn a month to cover costs.  The good news is that loyal customers...

Russia’s Federal Security Service Foils Daesh Terror Plots in Country’s South

According to an official statement, the terrorists were planning several attacks on schools and hospitals. The news comes days after the FSB detained a Daesh* sympathiser who was planning a terrorist attack in the Astrakhan region.Want to know more on Russia's Federal Security Service Foils Daesh Terror Plots in Country's South click here go to market news source. Market news summary from Sputnik Business News.Author:

Bursa Malaysia ends at six-month high, Top Glove and Hartalega lead

Bursa Malaysia ended above 1,600 points today, a level last seen in January this year. — Bernama pic KUALA LUMPUR, July 13 — Bursa Malaysia ended above 1,600 points today, a level last seen in January this year, with the key index movers — Top Glove and Hartalega, both increased by more than three per cent.At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.59 points...

Column: Funds post biggest CBOT short-covering round in 13 months

Hot and dry weather across the US Corn Belt had speculators covering more short positions in Chicago-traded grains and oilseeds last week, but Friday’s trade ended on a more bearish note as weather forecasts suggested relief is on the way.Want to know more on Column: Funds post biggest CBOT short-covering round in 13 months click here go to market news source. Market news summary from Reuters Market News.Author:
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