By Laila Kearney and Devika Krishna Kumar NEW YORK (Reuters) - Companies that transport oil by rail are prepping for a business surge after a federal judge ordered the largest crude pipeline out of North Dakota to shut within a month, market sources said on Monday. Shipping by rail will be...
JOHANNESBURG (Reuters) - Insecurity around Société Minière de Bisunzu's (SMB) coltan mine in Democratic Republic of Congo could get worse if it is cut out of supply chains following a deadly grenade attack there, the company running the mine's mineral tracing scheme said. Up to three people were reported killed...
By Rod Nickel and Jeff Lewis WINNIPEG, Manitoba/TORONTO (Reuters) - Six years ago, Canadian oilfield services firm Calfrac Well Services (TO:CFW) commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion. But by last month, Calfrac's market value had collapsed to just C$23 million and it deferred an...
HOUSTON (Reuters) - Exxon Mobil Corp (N:XOM) assets are likely overvalued in light of weak oil-demand outlook, according to Wall Street analysts, and face write-downs as soon as this month. A roughly 30% drop in global fuel demand from the COVID-19 pandemic has fed an energy glut expected to last well into...
By Andrea Shalal WASHINGTON (Reuters) - U.S. companies are expanding and opening new plants in the Dominican Republic as they diversify their supply chains, moves that will help offset the economic impact of the new coronavirus pandemic, the Dominican economy minister said. Juan Ariel Jimenez told Reuters he expected the Caribbean...
By Stephanie Kelly NEW YORK (Reuters) - U.S. Senator Ted Cruz said on Wednesday he would block the nomination of an Environmental Protection Agency official until the agency brings stability to the rising costs borne by oil refiners for complying with U.S. biofuel blending laws. Cruz, a Republican from Texas, follows...

Recent Posts

Most Popular

The FOMC meeting leaves interest rates unchanged

The traditional two-day meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve System (FED), which took place on the...

The euro is in decline despite agreement on EU Recovery Fund

An agreement on how to divide €750 billion from the EU Recovery Fund was reached on early Tuesday morning 21 July 2020...

Oil rises after surprise drop in U.S. inventories offsets demand concerns

By Aaron Sheldrick TOKYO (Reuters) - Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against...

New York Power Demand Hit High for the Year Tuesday, ConEd Says

(Bloomberg) -- New Yorkers trying to cope with scorching temperatures during July’s heat wave set a 2020 record for electricity demand on Tuesday, according...

Making Sense Of The Short-Term S&P 500 Chop

Even after yesterday's rebound, the S&P 500 keeps trading merely at the early June highs. Is this just a reflexive rebound before the stock upswing rolls...