Five Chinese state-owned companies should be delisted from the New York Stock Exchange

SHANGHAI/HONG KONG (Reuters) – Five Chinese state-owned companies including China Life Insurance Co. (601628.SS) And the giant oil company Sinopec (600028.SS) On Friday, he said they would remove their names from the New York Stock Exchange, amid rising diplomatic and economic tensions with the United States. Companies that also include China Aluminum Corporation (Shalco) (601600.SS)PetroChina … Read more

OPEC sets the stage to cut new production

The 100,000 barrel increase in OPEC hard-earned by Biden after the first strike on Saudi Arabia may ultimately not be the smallest ever, but also the shortest. The Organization of the Petroleum Exporting Countries, in its latest monthly report, revealed that It expects global oil markets to post a surplus this quarter as it cut … Read more

US gasoline prices fall below $4 for the first time since March

Decreased demand for gasoline in the summer Low-income families spend less with lower prices The US retail price hit a record high in June (Reuters) – The average retail price of gasoline in the United States fell below $4 a gallon on Thursday for the first time in months, giving some relief to drivers in … Read more

Why did gas prices drop below $4 for the first time in months

The national average price of gasoline fell below $4 a gallon this week for the first time in five months, providing marginal relief to cash-strapped American motorists. The average price per gallon was $3.99 on Tuesday on tracked sites Through the GasBuddy fuel analysis platform. The company said the drop in oil prices is most … Read more

Gasoline at $2.99 ​​(or less) a gallon: Here’s the place

Gasoline prices continue to fall in a few states to $2.99 ​​a gallon, marking the 50th consecutive day of declines and giving consumers a respite to their highest levels. inflation The rates have strained their budgets. Gas stations in Oklahoma and Kansas are selling unleaded gasoline for $2.99 ​​as of August 4, according to Patrick … Read more

Why did traders start unloading crude oil

US West Texas Intermediate crude futures are trading lower on Friday shortly after the release of a strong US non-farm payroll report indicating that the US is not in a recession and that the Federal Reserve is likely to continue on its strong path to raising interest rates. . Prices came under pressure this week … Read more

Why did traders start unloading crude oil

US West Texas Intermediate crude futures are trading lower on Friday shortly after the release of a strong US non-farm payroll report indicating that the US is not in a recession and that the Federal Reserve is likely to continue on its strong path to raising interest rates. . Prices came under pressure this week … Read more

Berkshire Hathaway lost $43.8 billion. Operating results improve

Berkshire Hathaway Chairman Warren Buffett walks into the exhibition hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan // File Photo Register now to get free unlimited access to Reuters.com Register Aug 6 (Reuters) – A slump in … Read more