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US stocks erase early gains as crude retreats, dollar slips

Bloomberg US equities plunged at the start of a busy week as declining oil prices pulled down energy stocks. Crude slipped from a two-year high after US drillers expanded operations while OPEC and Russia prepare to discuss longer supply curbs. The S&P 500 Index erased early gains as companies including Hess and Marathon Oil dropped. Financial and technology shares also ...

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Jordan cement deal helps Saudi shares

Reuters Saudi Arabia’s stock index edged higher on Monday after Al Jouf Cement and Saudi Industrial Export Co announced an export deal with Jordan, but the region as a whole traded in small ranges. The Saudi index closed 0.1 percent higher at 6,939 points. Al Jouf rose 3.4 percent and Saudi Industrial Export Co jumped 5.1 percent. Saudi Industrial Export ...

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China’s LNG prices highest since 2011 as winter demand soars

BEIJING / Reuters China’s domestic prices for liquefied natural gas (LNG) on Monday topped 7,000 yuan ($1,061) a tonne, highest since at least 2011, as demand soared with millions of homes burning gas for the winter instead of coal. Wholesale LNG prices have gained more than half their value from mid-November, meaning the jump in prices has come less than ...

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