Oil falls as Chinese demand concerns overshadow Libyan export halt

Brent oil prices declined 2 per cent on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased demand concerns that overshadowed the impact of halted production and exports from Libya, reports Reuters.Brent crude futures fell by $1.65, or 2.1 per cent, to $75.87 a barrel by...

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Gold gains as attention turns to US payrolls data

Gold prices edged higher on Tuesday on optimism that the U.S. Federal Reserve will cut interest rates this month as attention shifted to upcoming jobs data which could provide more insights into the size of rate cuts, reports Reuters.Spot gold rose about 0.2 per cent to $2,504.02 per ounce by...

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Cathay Pacific inspections find 15 A350s need engine parts replaced

Hong Kong's Cathay Pacific Airways said on Tuesday it had inspected its entire Airbus A350 fleet after the in-flight failure of an engine part and found 15 aircraft with components that needed replacement, reports Reuters.Cathay Pacific said three of the 48 Rolls-Royce-powered planes it had inspected had already gone through...

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Saudi oil tanker Amjad was not targeted in Red Sea

Saudi shipping firm Bahri said on Tuesday its tanker Amjad was not targeted in a Red Sea attack, and that it had been spared any damage from the incident that hit another tanker that was sailing nearby, reports Reuters.The US Central Command said Yemen's Iran-backed Houthi rebels attacked two crude...

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