TOKYO (Reuters) - Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
SINGAPORE (Reuters) - Oil prices on Wednesday extended falls from the previous day, when crude slumped as much as 5 percent, after Saudi Arabia said it would make up for supply disruptions from U.S. sanctions targeting Iran’s petroleum exports from next month.
TOKYO (Reuters) - Asian shares edged lower on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative factors from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment.
SINGAPORE (Reuters) - Oil prices were steady on Tuesday as Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran’s crude exports that start next month.
The world consumption grew 6.6%, on a year-to-year basis, to 10.653 million tonnes from January 2018 to September 2018; While, the world production recorded a slower growth at 1.5% to 9.779 million tonnes, on a year-to-year basis. This resulted to a supply deficit of 874,000 tonnes during the same reference period based on these statistics.
BENGALURU (Reuters) - The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn.