SUBSCRIBERS
Energy firms hit by oil dive; North Korea crisis fuels uncertainty
Published Thu, Jul 6, 2017 · 09:50 PM
Hong Kong
ASIAN energy firms sank on Thursday following a plunge in oil prices while equity traders remained on edge after North Korea's latest missile test and warnings from the US it would use force to deal with the nuclear-armed state.
Crude fell around 4 per cent on Wednesday on renewed concerns about a global supply glut that overshadowed data pointing to a drop in US stockpiles.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Chevron CEO expects ExxonMobil arbitration resolved in coming months
Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts
Diamond giant De Beers is in the shop window, but the potential buyers are few
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Shell earns US$1 billion a year from US crude trading, court filing shows
Gold eases as steady US dollar dampens appeal