Monday, May 23, 2022

All posts tagged "oil"

  • Stocks Erase an Early Loss and Manage Modest Gains

    U.S. stocks were falling sharply for a second day on Wednesday, dragged lower once again by a tumble in commodity prices, most notably oil.

    • Posted February 24, 2016
  • Stocks End Lower on Wall Street as Commodities Prices Fall

    NEW YORK – Stocks fell broadly on Tuesday as commodity prices retreated. Crude oil sank more than 4 percent. Investors remained worried about growth in China as the country cut the value of its currency against the...

    • Posted February 23, 2016
  • Testimony: Prepa-Contracted Labs Committed Fraud

    SAN JUAN – According to testimony by chemist Limarie Cintrón, the laboratories hired by the Puerto Rico Electric Power Authority (Prepa) to analyze, among other components, the sulfur content of the fuel purchased by the corporation, perpetrated...

    • Posted February 23, 2016
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  • Russia Gives Cuba $1.32B Credit, China Offers Financing

    HAVANA, Cuba – Russia granted Cuba a credit of up to $1.32 billion to add 800 megawatts to its electric power system between 2022 and 2024, according to officials of the island’s National Electric Union (UNE by...

    • Posted February 23, 2016
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  • Oil Prices Lift the Market Again as Energy Stocks Rally

    NEW YORK – Energy stocks led a rally on Wall Street as the price of crude oil surged. Marathon Oil jumped 11 percent Monday, and Diamond Offshore Drilling gained 5 percent. The Dow Jones industrial average jumped...

    • Posted February 22, 2016
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  • US Economy Growing but Faces International Headwinds

    WASHINGTON – A report from the president’s economic advisers says more Americans gained work and experienced pay raises last year. But it says the United States faced global headwinds that will continue this year. The annual report...

    • Posted February 22, 2016
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  • Stocks Edge Lower Again, bur Wrap Up Best Week of the Year

    NEW YORK – U.S. stocks inched lower Friday as the price of oil slipped and investors worried again about the health of the global economy. Chemicals companies fell the most. Despite the loss, the market still had...

    • Posted February 19, 2016
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  • Economically Struggling Venezuela Hikes Gas Prices, Devalues

    CARACAS, Venezuela – President Nicolas Maduro announced a currency devaluation and gasoline price hike Wednesday in an attempt to shield Venezuela’s oil-dependent economy from collapse and fend off mounting calls for his ouster. Gas prices will jump...

    • Posted February 18, 2016
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  • Stocks Leap for a 3rd Day, Driven by Gains in Oil and Tech

    NEW YORK – Stocks climbed Wednesday as investors clung to hope for an international deal to stem a global glut in crude oil with production cutbacks. That sent the price of oil sharply higher, as well as...

    • Posted February 17, 2016
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  • Minutes Show Fed Worried by Global Turmoil

    WASHINGTON – Federal Reserve policymakers expressed growing concerns at their meeting last month about potential threats to the U.S. economy, including turbulence in financial markets, plunging oil prices and slowing growth in China and other emerging markets....

    • Posted February 17, 2016
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