Oil prices fall 1% as economic worries outweigh tanker tensions
NEW YORK (Reuters) – Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand. FILE PHOTO: An oil rig…
Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit
OTTAWA/CALGARY, Alberta (Reuters) – Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is…
Total takes on Toshiba’s U.S. LNG business after Chinese buyer pulls out
PARIS/TOKYO (Reuters) – Total will take over Toshiba’s U.S. liquefied natural gas business and get $800 million cash from the Japanese group as part of the deal, the companies said…
Oil plummets, on track for biggest weekly drop in 2019
NEW YORK (Reuters) – Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and…
China rebuffs Trump claim U.S. tariffs are making firms leave
BEIJING (Reuters) – Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump’s claim that his tariffs are causing companies to move production…
Oil extends gains into fourth straight day on Middle East tensions
FILE PHOTO: A view shows a well head and a drilling rig in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 11, 2019.…
Oil prices jump nearly 2% on drone attack on Saudi Aramco facilities
NEW YORK (Reuters) – Oil prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities…
China Vice Premier says hopes to engage in rational, candid talks with U.S.: Xinhua
Chinese Vice Premier Liu He leaves the office of the U.S. Trade Representative in Washington, U.S., May 9, 2019. REUTERS/James Lawler Duggan BEIJING (Reuters) – China’s Vice Premier Liu He…
Occidental investor set to vote against board due to Anadarko bid
HOUSTON (Reuters) – T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp board of directors because the company will not allow shareholders…
Anadarko backs Occidental’s revised bid, pressuring Chevron to respond
HOUSTON (Reuters) – Anadarko Petroleum Corp’s board on Monday backed a $38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk…