By Colleen Howe
BEIJING (Reuters) - Oil prices fell in early Asian trading on Monday, reversing gains from Friday as U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand.
Brent crude futures fell 75 cents, or 0.84%, to $88.75 a barrel while West Texas Intermediate (WTI) futures were down 65 cents, or 0.78%, to $83.20 a barrel by 1221 GMT.
"The... (continue reading...)
By Heekyong Yang and Joyce Lee
SEOUL (Reuters) -SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Monday it expects solid refining margins to continue in the second quarter backed by firm demand.
The company posted an operating profit of 625 billion won ($454 million) for the January-March period, versus a 375 billion won profit a year earlier. That compared with an average analyst forecast of 466 billion won.
... (continue reading...)OSLO (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, falls short on its climate ambitions by failing to back multiple shareholder proposals pushing oil companies to cut their greenhouse gas emissions, an NGO report said on Monday.
The fund pools the Nordic country's state revenues from oil and gas production. Since 2022 its aim is for the 9,000 companies it invests in globally to reach net zero greenhouse gas emissions by... (continue reading...)
(Reuters) - Star Entertainment said on Monday its Executive Chairman David Foster will leave step down just weeks after being appointed to the role, adding to an exodus of senior management at the beleaguered Australian casino operator.
The management departures come at a time when the casino operator faces a second inquiry into its Sydney casino operations investigating Star's ability to be fit to run the Star Sydney casino or hold a casino licence.
... (continue reading...)By Nidal al-Mughrabi
CAIRO (Reuters) - Israeli air strikes on three houses in the southern Gaza city of Rafah killed 13 people and wounded many others, medics said on Monday.
Hamas media outlets put the death toll at 15.
In Gaza City, in the north of the strip, Israeli planes struck two houses, killing and wounding several people, health officials said.
The strikes on Rafah, where over a million people are... (continue reading...)
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