Edition:
India

Yuka Obayashi

Oil prices slip as surging COVID-19 cases overshadow vaccine hopes

19 Nov 2020

TOKYO U.S. crude futures fell in early trade on Thursday, giving up some of gains from the previous day as surging COVID-19 cases and widening lockdowns raised fears over fuel demand, offsetting further upbeat vaccine news.

Oil falls as big build in U.S. crude stockpiles raises spectre of supply glut

18 Nov 2020

TOKYO Oil prices fell on Wednesday after a bigger-than-expected build in U.S. crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses.

UPDATE 2-Japan's Cosmo cuts annual profit forecast by 41% on inventory loss

12 Nov 2020

* Aims to boost wind power capacity to 1 GW in FY30/31 (Adds background, detail)

UPDATE 1-Tohoku Electric gets nod to restart reactor damaged in 2011 disaster

11 Nov 2020

TOKYO, Nov 11 Japan's Tohoku Electric Power said on Wednesday it had received the green light from a local governor to restart one of its nuclear reactors, nearly a decade after it was damaged in the earthquake and tsunami that caused the Fukushima disaster.

Japan's Eneos raises FY20/21 profit forecast on higher-than-expected oil prices

11 Nov 2020

TOKYO Japan's oil and metals giant Eneos Holdings Inc on Wednesday more than doubled its net profit forecast for the year to next March, saying it expected an appraisal gain on its oil inventories because of higher-than-expected crude prices.

UPDATE 1-Japan's Eneos raises FY20/21 profit forecast on higher-than-expected oil prices

11 Nov 2020

TOKYO, Nov 11 Japan's oil and metals giant Eneos Holdings Inc on Wednesday more than doubled its net profit forecast for the year to next March, saying it expected an appraisal gain on its oil inventories because of higher-than-expected crude prices.

UPDATE 1-Nippon Steel cuts full-year loss forecast, automaker demand picks up

06 Nov 2020

* Raises FY crude steel output plan to T32.7 mln from T31.8 mln (Recasts with earnings and quotes)

Asian rubber prices soar on supply woes, COVID glove shortage and China tyre demand

30 Oct 2020

TOKYO/SHANGHAI Oct 30 Rubber prices have rocketed to their highest in over three years as protective glove demand surges due to the COVID-19 crisis and industrial use rebounds in China, while supplies remain tight with producers struggling to replenish stocks.

Japan set to target zero emissions by 2050 in policy shift

23 Oct 2020

TOKYO Prime Minister Yoshihide Suga is set to bind Japan to a target for carbon neutrality by 2050, a shift in stance that will bring the country in line with the European Union and more than 60 other nations in efforts to combat climate change.

UPDATE 1-Japan's crude steel output drops for 7th month in a row

22 Oct 2020

* September output down 19% y/y to 6.49 mln T, but up from August

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