Another choppy day for the markets as stocks finish flat ahead of big corporate earnings. S&P 500: 00% Nasdaq: 20% Dow Jones: 04% General Electric shares jumped 9% on its better-than-expected industrial free cash flow for the fourth […]
The U.S. is trying to seize around 2 million barrels of what it thinks is Iranian oil, according to people familiar with the matter, in Washington’s latest attempt to block the Islamic Republic’s energy exports. […]
Libya’s oil production rebounded to around 1.25 million barrels a day after a major pipeline was fixed, while efforts continued to end a strike that could halt exports at three of the OPEC country’s ports. […]
Singapore — 0318 GMT GMT: Crude oil futures were lower during mid-morning Asian trade Jan. 26, as pandemic-related concerns in the region negated any market upside anticipated from the curtailment of supply. At 11:18 am Singapore […]
Another “record” Monday for the S&P as major indices inch higher as earnings season takes full effect this week. This coming week, 13 Dow components and 111 S&P 500 companies are set to report […]
Venezuela’s navy has taken custody of two Guyanese fishing boats in the latest flare-up of a protracted border dispute that encompasses oil-rich deepwater acreage. The Venezuelan foreign ministry today refuted yesterday’s statement from Guyana alleging […]
With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder. Iranian crude remains subject to American sanctions and exports are still just a fraction of levels seen […]
Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top agency leaders could approve new […]
ENB Publishers Note: $CL currently trading at $52.47, finding a large block of volume at $52.40. Stocks back on normal drop dates (CL Wed @ New York — An unexpected US gasoline draw supported RBOB futures […]
Covid-19 is destroying the market for supertankers that deliver about a fifth of the world’s crude oil. The result is likely to be booming trade on the beaches of Bangladesh, India and Pakistan, where obsolete […]
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