Tag: Oil

Stocks Stall, Oil Cools, Evergrande and Lira Fall

October 21, 2021
AfricaAsia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeevergrandeHK BusinessHong KongInternationalInvestmentliraLocal NewsMarketsMedia & Big TechMiddle EastNew YorkNY NewsOilRegional-Local NewsstocksUKUSUS NewsWorld
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LONDON—World stocks slipped on Thursday as the upbeat mood that carried the Dow Jones and bitcoin to records a day earlier ran out of steam, while a pause in the oil rally stalled rising global bond yields. Turkey’s lira was backsliding towards record lows with the central bank expected to chop its interest rates again…

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Oil Drops as China Considers Intervention to Ease Coal Crunch

October 20, 2021
Business & EconomyChinaChina Business & EconomydropsEconomieseconomyInternationalinterventionInvestmentMarketsOilUSUS NewsWorld
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LONDON—Oil prices fell on Wednesday after the Chinese regime stepped up efforts to tame record high coal prices and ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Brent crude futures dropped 73 cents, or 0.9 percent, to $84.35 a barrel at 10:03 GMT, paring a 75 cent rise…

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Oil Prices Rise on China Energy Demand Concerns

October 19, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyenergyEuropeInternationalLocal NewsMarketsMiddle EastOilRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil prices rose on Tuesday as a supply crunch in natural gas, electricity, and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent crude benchmark rose 35 cents, or 0.4 percent, to $84.68 a barrel by 0827…

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Oil Prices Climb as COVID-19 Recovery, Power Generators Stoke Demand

October 18, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesCOVID-19EconomieseconomygeneratorsInternationalInvestmentLocal NewsMarketsMiddle EastOilpowerRecoveryRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents, or 0.7 percent, to $85.45 a barrel by 0900 GMT, after hitting $86.04, their highest level since…

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Ship Owner, Operator of Interest in California Oil Spill

October 17, 2021
CaliforniaLocal NewsOilownerRegional-Local NewsshipSouthern CaliforniaspillUSUS News
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HUNTINGTON BEACH, Calif.—The U.S. Coast Guard has designated the Mediterranean Shipping Company and others as parties of interest in an investigation into a vessel that was determined to be the source of an offshore pipeline leak in Southern California. Coast Guard and National Transportation Safety Board marine casualty investigators boarded a container ship, MSC DANIT,…

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Oil Prices Scale $85 per Barrel on Back of Supply Deficit

October 15, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesdeficitEconomieseconomyEuropeInternationalMarketsMiddle EastOilOPECsupplyUSWorld
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LONDON—Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products. Brent crude futures were up 80 cents, or 0.95 percent, to $84.80 a barrel at 0930 GMT. Front-month…

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Live Q&A: Global Energy Crisis Could Increase Cost of Living; IRS Snooping in US Bank Accounts

October 14, 2021
COVID-19CrossroadsEpochTVJoe BidenLive VideosOilRepublicansrising pricesVideo
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Republicans are asking President Joe Biden to reverse energy policies they refer to as “anti-American,” as the nation faces rising prices for oil, and amid concerns of rising shipping costs and heating costs during the coming winter. And in other news, some Americans may be able to get a fourth vaccine shot for COVID-19. In…

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Live Q&A: Global Energy Crisis Could Increase Cost of Living; IRS Plans to Snoop On US Bank Accounts

October 14, 2021
COVID-19CrossroadsEpochTVJoe BidenLive VideosOilRepublicansrising pricesVideo
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Republicans are asking President Joe Biden to reverse energy policies they refer to as “anti-American,” as the nation faces rising prices for oil, and amid concerns of rising shipping costs and heating costs during the coming winter. And in other news, some Americans may be able to get a fourth vaccine shot for COVID-19. In…

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GOP Asks Biden to Reverse ‘Anti-American Energy Policies’

October 14, 2021
bidenclimateOilPolicyPoliticsRepublicansUS
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In a letter addressed to President Joe Biden, Republicans are asking the executive to reverse his “anti-American energy policies” in order to increase domestic energy production and meet the demands of Americans as gasoline and food prices continue to rise. Since taking office, Biden has distanced his administration from almost every policy endorsed by President…

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Oil Market Still Faces Uncertainties Due to COVID-19, OPEC Chief Says

October 14, 2021
Business & EconomyCOVID-19EconomiesEuropeInternationalInvestmentmarketMarketsOilOPECuncertaintiesWorld
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MOSCOW—The oil market continues to face uncertainties stemming from the COVID-19 pandemic, OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy forum in Moscow on Thursday. “The market is taking its course in accordance with supply and demand fundamentals. But we must admit there are external factors that are influencing the…

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