China Reports Drop In Oil Imports
Oil fell below $124 a barrel
on Tuesday as a year-on-year fall in China's April oil imports,
the first time in 18 months, raised questions over demand in
the world's second largest oil consumer.
U.S. light crude for June delivery was down 65 cents at
$123.58 a barrel by 0247 GMT, having settled a hefty $1.73
lower on Monday after a new intraday record high of $126.40.
London Brent crude was down 47 cents to $122.44.
Traders Anticipate Rise In U.S. Oil Inventories
Oil fell in New York for a second day on expectations that U.S. crude supplies probably gained for a fourth week on falling demand in the world's largest consumer.
Canadian Solar Names New CEO
Canadian Solar Inc. said Monday it named Vice President of Finance and Secretary Arthur Chien to the post of chief financial officer, effective June 7.
India Plans To Invest In Uranium Prospecting To Address Fuel Shortage
India is to invest around $175 million in domestic uranium prospecting in an attempt to overcome the shortage of fuel at the country's nuclear power stations, an Indian nuclear official said on Monday.
Traders Anticipate Rise In U.S. Oil Inventories
Oil fell in New York for a second day on expectations that U.S. crude supplies probably gained for a fourth week on falling demand in the world's largest consumer.
Canadian Solar Names New CEO
Canadian Solar Inc. said Monday it named Vice President of Finance and Secretary Arthur Chien to the post of chief financial officer, effective June 7.
India Plans To Invest In Uranium Prospecting To Address Fuel Shortage
India is to invest around $175 million in domestic uranium prospecting in an attempt to overcome the shortage of fuel at the country's nuclear power stations, an Indian nuclear official said on Monday.
