Connect with us

Markets

Oil pushes higher on Syria tension

LONDON: Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

Published

on

LONDON: Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

November Brent crude rose 69 cents to $115.02 a barrel by 0856 GMT after a volatile session on Wednesday that saw the contract up to $115.59, its highest since Sept. 17, before settling down slightly.

US crude edged up 48 cents to $91.73 after dropping more than 1 percent in the previous session. A larger-than-expected rise in US crude inventories weighed on prices.

Turkey scrambled fighters and briefly detained a Syrian passenger plane on Wednesday, suspecting it of carrying military equipment from Moscow, while Turkey’s military chief warned of a more forceful response if shelling continued to spill over the border.

“The Syrian situation is heating up and there are fears about Turkey, a NATO member, retaliating and contagion in the region,” said Bjarne Schieldrop, analyst at SEB in Oslo.

Firmer refining margins and steep backwardation in the gasoil market, where prices are higher for prompt delivery than for later dates, pointed to firm demand going into the northern hemisphere winter.

“There will be restocking ahead of the winter, so this is…

View article:
Oil pushes higher on Syria tension

Markets

Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

Published

on

Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

(more…)
Continue Reading

Investment

Foreigners’ Participation in Thai Listed Companies explained

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.

Published

on

Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,160 other subscribers

Wise

Recent