SINGAPORE (Reuters) – Oil markets rose for a second day on Tuesday, with Brent rising above $69 per barrel on hopes a trade dispute between the United States and China, the world’s two biggest crude consumers, may be resolved without greater damage to the glob... More »
(This version of March 28 story corrects paragraph 7 to show Permanent Portfolio funds have $2.7 billion in assets under management, not $17 billion.) By David Randall NEW YORK (Reuters) – Fund managers have begun to ditch so-called FANG stocks that powered th... More »
LONDON (Reuters) – Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. U.S. drillers cut seven oil rigs in the week to March 29, bringing the... More »
SINGAPORE (Reuters) – Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai crude, trade sources said on Monday. The official selling price (OSP) for fl... More »
NEW YORK (Reuters) – U.S. fund investors drained the most cash from the stock market since early February’s market meltdown, dodging declines while making a tactical bet on fallen technology companies, Lipper data released on Thursday showed. More than $14 bil... More »
HONG KONG/BEIJING (Reuters) – China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency int... More »
LONDON (Reuters) – Brent oil lingered below this week’s highs on Thursday, as optimism over OPEC’s commitment to controlling its output was partly offset by another rise in U.S. inventories. The oil price touched $71 a barrel on Tuesday, near its high for the ... More »
NEW YORK (Reuters) – Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reu... More »
FILE PHOTO: A general view shows the al-Shuaiba oil refinery in southwest Basra, Iraq April 20, 2017. REUTERS/Essam Al-Sudani LONDON (Reuters) – Oil prices fell on Monday on expectations that U.S. output will rise this year, erasing earlier gains buoyed by low... More »
FILE PHOTO: Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo MILAN (Reuters) – Italian energy company Eni will conduct research with the Massachusetts Institute of ... More »
NEW YORK (Reuters) – U.S. fund investors pulled $9.8 billion from stocks during the latest week, Lipper data showed on Thursday, halting the investments’ budding momentum after February’s selloff. The withdrawals, recorded during the seven days through March 7... More »
Locals surround a house that was covered by a landslide in the town of Mendi after an earthquake struck Papua New Guinea’s Southern Highlands, in this image taken February 27, 2018 obtained from social media. Francis Ambrose/via REUTERS ATTENTION EDITORS – THI... More »
FILE PHOTO: The Philadelphia Energy Solutions oil refinery is seen at sunset in front of the Philadelphia skyline in Pennysylvania, U.S., March 24, 2014. REUTERS/David M. Parrott/File Photo NEW YORK (Reuters) – U.S. President Donald Trump urged representatives... More »
FILE PHOTO – A Russian flag and a 3D model of the Facebook logo is seen through a cutout of the Twitter logo in this photo illustration taken in Zenica, Bosnia and Herzegovina, May 22, 2015. REUTERS/Dado Ruvic WASHINGTON (Reuters) – Russian operatives attempti... More »
FILE PHOTO: Chinese Minister of Science and Technology Wan Gang attends the International Forum on Electric Vehicle Pilot Cities and Industrial Development in Beijing, China June 6, 2017. REUTERS/Thomas Peter SHANGHAI (Reuters) – China’s total spending on rese... More »
FILE PHOTO: A view shows Saudi Aramco’s Abqaiq oil facility in eastern Saudi Arabia in this undated handout photo. Saudi Aramco/Handout via REUTERS LONDON (Reuters) – Oil steadied around its highest prices in three weeks on Monday, supported by comments from S... More »
TOKYO (Reuters) – Japanese engineering researchers say they have created a tiny electronic light the size of a firefly which rides waves of ultrasound, and could eventually figure in applications ranging from moving displays to projection mapping. Named Luciol... More »
TOKYO (Reuters) – Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East. Prime Minister Benjamin Netanyahu said... More »
Lebanese parliament speaker Nabih Berri said on Friday that U.S. proposals regarding the disputed Lebanon-Israel maritime border were "unacceptable", state news agency NNA said. More »
FILE PHOTO: Mexican Foreign Minister Luis Videgaray arrives to a meeting with senators of the Institutional Revolutionary Party (PRI) at the Senate building in Mexico City, Mexico January 30, 2018. REUTERS/Daniel Becerril MEXICO CITY (Reuters) – Mexico’s forei... More »
FILE PHOTO – Pump jacks drill for oil in the Monterey Shale, California, U.S. on April 29, 2013. REUTERS/Lucy Nicholson/File Photo LONDON/TOKYO (Reuters) – Oil prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their... More »
LONDON (Reuters) – Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial forays into shipping stocks in the third quarte... More »
FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S., September 28, 2014. REUTERS/Lucy Nicholson/File Photo SINGAPORE (Reuters) – Oil prices rose by 1 percent on Monday, recovering at least some of last week’s steep losses as Asia... More »
A trader works on the floor of the New York Stock Exchange shortly after the closing bell in New York, U.S., February 2, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – Energy stocks have got off to a strong start this year and look poised to run further, fue... More »
FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder/File Photo TOKYO (Reuters) – Oil prices on Monday extended declines from the end of last week amid a wid... More »
SYDNEY (Reuters) – When National Australia Bank launched the country’s first ever “green” mortgage bond last week, it kept its expectations for demand in check with price guidance at a similar level to a non-green bond it was also selling. Global interest in s... More »
FILE PHOTO: U.S. President Donald Trump (L) shakes hands with Japan’s Prime Minister Shinzo Abe during a news conference at Akasaka Palace in Tokyo, Japan, November 6, 2017. REUTERS/Kiyoshi Ota/Pool/File Photo TOKYO (Reuters) – Economic talks between the Unite... More »
The oil spill from a stricken Iranian tanker Sanchi that sank on Sunday is seen in the East China Sea, on January 16, 2018 in this photo provided by Japan’s 10th Regional Coast Guard. 10th Regional Coast Guard Headquarters/Handout via REUTERS TOKYO (Reuters) –... More »
FILE PHOTO: Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File Photo SEATTLE (Reuters) – Elon Musk, the chief executive of Tesla Inc, has said little about how he pl... More »
FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo NEW YORK (Reuters) – Surging shal... More »
NEW YORK (Reuters) – U.S. fund investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday. Relatively low-risk money-market funds recorded $26 billion in... More »
NEW YORK (Reuters) – Several key commodities traders are leaving Goldman Sachs Group Inc, sources said on Wednesday, the latest wrinkle as the Wall Street firm seeks to turn around its struggling commodities unit. Those leaving include Don Casturo, operating c... More »
FILE PHOTO: A construction site at the new Suncor Fort Hills oil sands mining operations near Fort McMurray, Alberta, Canada, September 17, 2014. REUTERS/Todd Korol/File Photo CALGARY, Alberta (Reuters) – The revolution in U.S. shale oil has battered Canada’s ... More »
MELBOURNE (Reuters) – More than 10,000 homes in Australia’s second most populous state were stuck without power on Monday as a surge in demand amid scorching heat overloaded the grid, in the latest blow to the nation’s stretched power sector. The outages on di... More »
FILE PHOTO: A loader is seen amid coal piles at a port in Lianyungang, Jiangsu province, China January 25, 2018. REUTERS/Stringer BEIJING (Reuters) – Four of China’s top utilities have told the government some regions will face heating and electricity shortage... More »
MOSCOW (Reuters) – Kremlin spokesman Dmitry Peskov, asked about allegations that Russia is re-exporting North Korean coal, said on Friday that Russia abides by norms of international law. “Russia is a responsible member of the international community,” he told... More »
NEW YORK (Reuters) – U.S. technology stock funds took in more cash in the week ended Jan. 24 than in any week since the turn-of-the-century bubble, Lipper said on Thursday, offering further evidence that investors’ wariness about markets has given way to exube... More »
Nissan Motor’s self-parking slipper is seen in this handout photo which was released on January 25, 2018, in Japan. Nissan Motor/Handout via REUTERS TOKYO (Reuters) – In Japan, where old traditions are constantly being updated with new technology, one inn is m... More »
NEW YORK/LONDON (Reuters) – Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley trader Stephen Jamison, will shut its nearly $1.5 billion fund by the end of the month, according to a source familiar and an inve... More »
FILE PHOTO: A gas station attendant pumps fuel into a customer’s car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song/File Photo SINGAPORE (Reuters) – Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that coopera... More »
FILE PHOTO: The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset in front of the Philadelphia skyline March 24, 2014. REUTERS/David M. Parrott/File Photo (Reuters) – Philadelphia Energy Solutions LLC, the owner of the lar... More »
FILE PHOTO: T. Boone Pickens, CEO of BP Capital, speaks on a panel at the annual SkyBridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking (Paragraph 6 of this JAN. 12 story has been corrected after HSBC said the Andurand Commodit... More »
FILE PHOTO: The reception of Noble Group is seen at its headquarters in Hong Kong March 23, 2015. REUTERS/Bobby Yip/File Photo LONDON (Reuters) – Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world’s l... More »
Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production. More »
Bill Ford, executive chairman of the Ford Motor Company and Jim Hackett (R), President and CEO, present the 2019 Ford Ranger during the Ford press preview at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2018. REUTERS/Rebec... More »
FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S. September 28, 2014. REUTERS/Lucy Nicholson/File Photo LONDON (Reuters) – Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, bu... More »
PARIS (Reuters) – The French government aims to broaden its powers to block foreign takeovers of French companies deemed as strategic, to also include firms involved in data protection and artificial intelligence (‘AI’), the finance minister said on Friday. Br... More »
FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo (Reuters) – Berkshire Hathaway Inc’s energy unit on Thursday named William Fehrman as its ... More »
A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-Hoon SINGAPORE (Reuters) – Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts l... More »
FILE PHOTO: A man collects recyclables from an alley as smoke billows from the chimney of a factory in rural Gaoyi county, known for its ceramics production, near Shijiazhuang, Hebei province, China December 7, 2017. REUTERS/Thomas Peter/File Photo BEIJING (Re... More »
FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File Photo NEW YORK (Reuters) – Oil prices edged higher on Tuesday, with U.S. crude touching its hig... More »
An Electrify SG engineer shows a PowerPod that will be installed to record data of photovoltaic solar panels on a rooftop in Singapore. REUTERS/Edgar Su SINGAPORE (Reuters) – Energy startups have been using blockchain to power electricity sharing in microgrid ... More »
People look toward the north through a barbed-wire fence near the militarized zone separating the two Koreas, in Paju, South Korea, December 21, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Newly proposed sanctions on North Korea could have a significant effect... More »
FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File Photo SINGAPORE (Reuters) – Oil prices on Friday dipped away from some of their highest levels ... More »
Hideaki Hikosaka, a member of NGK Spark Plug’s solid-state battery R&D team, shows a prototype of its all solid-state battery under development during an interview with Reuters in Nagoya, Japan December 12, 2017. REUTERS/Naomi Tajitsu NAGOYA, Japan (Reuters) –... More »
TBILISI (Reuters) – Georgia expects state revenues and spending to rise next year and forecasts 4.5 percent economic growth in the budget passed by the parliament on Friday. The former Soviet republic, through which pipelines carry Caspian oil and gas to Europ... More »
LONDON (Reuters) – Sudan’s president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in arrears with the IMF. And yet Osama Faisal’s target of boosting foreign investment tenfold is not quite as daunting... More »
FILE PHOTO: A man walks past the corporate logo of the state oil company PDVSA at a gas station in Caracas, Venezuela December 1, 2017. REUTERS/Marco Bello/File Photo CARACAS (Reuters) – Venezuelan state oil company PDVSA said late on Thursday it had begun the... More »
FILE PHOTO – A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy Nicholson/File Photo SINGAPORE/LONDON (Reuters) – Oil prices edged up on Friday, lifted by the Forties pipeline outage in the North Sea, ongo... More »
A BMW 740i is parked via a remote control key fob by company representative Paul Daman during a demonstration of various brands of self-driving cars on Capitol Hill in Washington March 15, 2016. REUTERS/Gary Cameron BERLIN (Reuters) – German luxury automaker B... More »
French President Emmanuel Macron speaks during a news conference in Doha, Qatar December 7, 2017. REUTERS/Naseem Zeitoon PARIS (Reuters) – French President Emmanuel Macron called on all foreign powers to stop interfering in Lebanese politics and urged all Leba... More »
FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson SINGAPORE (Reuters) – Oil prices were stable on Friday as the weight of a strengthening U.S. dollar was countered by China’s relentless thirst for... More »
A driver looks at the price as he fills the tank of his car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song TOKYO (Reuters) – Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their h... More »
Venezuela’s President Nicolas Maduro speaks during an event with supporters in Caracas, Venezuela December 1, 2017. Miraflores Palace/Handout via REUTERS CARACAS (Reuters) – Venezuela’s President Nicolas Maduro on Sunday gained more powers over the OPEC member... More »
Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the "petro" backed by oil reserves to shore up a collapsed economy. More »
A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017 . REUTERS/Christian Hartmann LONDON (Reuters) – Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end... More »
An old windmill stands in front of wind turbines in a paddock near the Hornsdale Power Reserve, featuring the world’s largest lithium ion battery made by Tesla, located on the outskirts of the South Australian town of Jamestown, in Australia, December 1, 2017.... More »
FILE PHOTO: Equipment used to process carbon dioxide, crude oil and water is seen at an Occidental Petroleum Corp enhanced oil recovery project in Hobbs, New Mexico, U.S. on May 3, 2017. Picture taken on May 3, 2017. REUTERS/Ernest Scheyder/File Photo SINGAPOR... More »
FILE PHOTO: The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in Berlin, Germany, February 2, 2016. REUTERS/Fabrizio Bensch/File Photo LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carm... More »
FILE PHOTO: Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Hamad I Mohammed/File Photo DUBAI (Reuters) – Saudi Arabia’s powerful Crown Prince called the Supreme Leade... More »
FILE PHOTO: A nighttime view of Europe made possible by the “day-night band” of the Visible Infrared Imaging Radiometer Suite (VIIRS) is seen in a global composite assembled from data acquired by the Suomi National Polar-orbiting Partnership (Suomi NPP) satell... More »
FILE PHOTO: A boat is seen close to oil installations at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. Picture taken October 5, 2017. REUTERS/Isaac Urrutia HOUSTON/DUBAI (Reuters) – As Venezuela’s dilapidated energy sector struggles to pump enough crud... More »
Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq, May 11, 2017. REUTERS/Essam Al-Sudani SINGAPORE (Reuters) – Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of t... More »
Angela Merkel, leader of the Christian Democratic Union (CDU), arrives at the German Parliamentary Society for exploratory talks about forming a new coalition government in Berlin, Germany, November 15, 2017. REUTERS/Hannibal Hanschke BERLIN (Reuters) – With j... More »
Oil prices fell on Tuesday as the prospect of further rises in U.S. output undermined ongoing OPEC-led production cuts aimed at tightening the market. More »
China's refiners raised crude oil processing runs to near record monthly levels in October as refining margins jumped after the country's state planner hiked prices for gasoline and diesel at the pump. More »
The European Union on Monday urged Saad al-Hariri to return to Lebanon, calling on all political forces inside the country to focus on the domestic agenda and warning Saudi Arabia against meddling. More »
A U.S. Senate tax reform proposal unveiled on Thursday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives have proposed. More »
Saudi Arabia's future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal who is one of the kingdom's most prominent businessmen. More »
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. More »
A Saudi-led military coalition said it will temporarily close all air, land and sea ports to Yemen to stem the flow of arms to Houthi rebels from Iran, said a statement on Monday on state news agency SPA. More »
Bribery, embezzlement, money laundering and abuse of power are among the accusations leveled against dozens of Saudi princes, officials and businessmen detained in an anti-corruption probe, a Saudi official told Reuters on Monday. More »
Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. More »
Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. More »
Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday. More »
A U.S. congressional committee on Thursday set a Nov. 2 deadline for the Puerto Rico Electric Power Authority (PREPA) to provide information related to its $300 million contract with a small Montana firm to repair damage to the utility's infrastructure caused ... More »
Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. More »
Charles Schumer, the top Democrat in the U.S. Senate, called on President Donald Trump on Sunday to name a single official to oversee and coordinate relief efforts in hurricane-ravaged Puerto Rico. More »
Iraqi forces completed an operation to take control of all oil fields operated by state-owned North Oil Company in the Kirkuk region on Tuesday, a senior military officer said. More »
State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. More »
Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. More »
Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. More »
South Korea's trade minister Kim Hyun-chong said on Friday the United States may demand that Seoul guarantees it will step up arms purchases and imports of U.S. shale gas if the two countries renegotiate a free trade agreement. More »
Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market. More »
German industrial production jumped more than expected in August, posting its biggest monthly increase in more than six years, data showed on Monday, in a further sign that Europe's biggest economy is set for solid growth in the third quarter. More »
The World Solar Challenge began on Sunday with 42 solar cars crossing Australia's tropical north to its southern shores, a grueling 3,000 km (1,864 mile) race through the outback. More »
Tesla Inc (TSLA.O) Chief Executive Elon Musk on Friday pushed back the unveiling of the company's big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to h... More »
The founder of an oil and gas networking website who pleaded guilty to hacking a rival site he had created and sold to DHI Group Inc was sentenced to one year and one day in prison on Friday. More »
Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. More »
