Oil falls about 2.5% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the…
Oil falls as Iran tensions seen easing
NEW YORK (Reuters) – Oil prices turned lower on Tuesday, falling more than 3% after U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease…
Oil prices down on dwindling storm impact, Chinese economic data
NEW YORK (Reuters) – Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived,…
Cargill quarterly profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding…
Oil falls on dim OPEC demand outlook, pares gains from Gulf of Mexico storm
NEW YORK (Reuters) – Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a…
Oil prices rise on Iran tensions, OPEC output cuts
NEW YORK (Reuters) – Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data…
Oil dives 4% on demand worries even as OPEC, allies extend cuts
NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing…
After explosions, Brazil power transmission companies remove GE equipment
SAO PAULO (Reuters) – After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Co (GE.N), a blow…
Oil prices slip as demand worries outweigh OPEC supply cuts
SINGAPORE (Reuters) – Oil prices slipped on Tuesday as worries that a weakening global economy would dent demand for the commodity outweighed OPEC’s decision to extend supply cuts until next…
OPEC set to extend oil supply cut as Iran endorses pact
VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia,…