TOKYO : Oil prices rose on Monday, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies try to recover from the coronavirus pandemic.
Prices have risen as more vaccinated populations are brought out of lockdowns and fuel economic activity, with Brent advancing for five weeks and U.S. crude for seven. But with inventories in the U.S. starting to increase again after recent drawdowns, oil prices may start to falter.
Source: Energy Industry News (energyindustrynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan PM Kishida says has no plan to alter capital-gains, dividend taxesTOKYO: Japan\u0027s new Prime Minister, Fumio Kishida, said on Sunday (Oct 10) he will not seek to change the country\u0027s taxes on capital gains and dividends for now as he intends to pursue other steps for better wealth distribution, such as raising wages of medical workers. Kishida, who has vowed to rectif
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Verstappen demands more pace after retaking F1 championship leadISTANBUL: Max Verstappen played down his Formula One championship advantage on Sunday and said his Red Bull team needed to find more pace to fend off Lewis Hamilton and Mercedes in the last six races of the season. The championship lead has swung between Verstappen and Hamilton all season, with the title b
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Algerian president demands 'total respect' from FranceALGIERS: Algerian President Abdelmadjid Tebboune on Sunday (Oct 10) demanded France\u0027s \u0022total respect\u0022, following a row over visas and critical comments from Paris about the North African country. Last weekend Algeria recalled its ambassador from Paris and banned French military planes from its airspac
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Premier League clubs demand emergency meeting over Newcastle takeoverPremier League clubs have reached out to the league with complaints about Newcastle United's takeover by a Saudi Arabia-led consortium and are pushing for an emergency meeting next week, the Guardian newspaper https://www.theguardian.com/football/2021/oct/07/newcastle-confirm-300m-saudi-backed-takeover-to-end-mi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Death toll from Russian alcohol poisoning incident rises to 34MOSCOW: The death toll from a mass poisoning linked to illegal alcohol in southwest Russia rose to 34 on Sunday (Oct 10), and 24 more people were being treated in hospital, local authorities said. Investigators in the Orenburg region opened criminal cases after people began dying of alcohol poisoning this
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Squid Game’s success reopens debate over who should pay for rising internet trafficSquid Game’s success reopens debate over who should pay for rising internet trafficDemand for capacity grows on back of hit Netflix shows, online games and more The Korean drama Squid Game has become a global sensation for Netflix. Photograph: Pavlo Gonchar/SOPA Images/Rex/Shutterstock
Source: YahooSG - 🏆 3. / 71 Read more »