Wednesday, June 29, 2022

All posts tagged "oil"

  • US Stocks Join the Global Market Slump

    As the tumult in global financial markets continues, here’s a snapshot of the day so far: – European stocks have closed sharply lower amid the turmoil that is engulfing financial markets. Germany’s DAX benchmark index fell 2.9...

    • Posted February 11, 2016
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  • Russia’s Ruble Tumbles amid Market Turmoil

    MOSCOW – Russia’s ruble has dropped nearly 2 percent amid the turmoil affecting global stock markets and oil prices. The ruble was down by 1.9 percent at 80.1 rubles to the U.S. dollar in late afternoon trading...

    • Posted February 11, 2016
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  • Oil Price Drop pushes Total Profit down 26 Percent

    PARIS – Total says its fourth quarter earnings skidded 26 percent as the collapse in oil prices hit another global energy giant. The French company said Thursday that profit adjusted for changes in the value of inventories...

    • Posted February 11, 2016
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  • Oil Supply Seen Outpacing Demand, Capping Price

    PARIS – The International Energy Agency says oil supply is set to outpace demand this year, keeping a lid on any expected price increases. The organization, which advises countries on energy policy, said in its monthly report...

    • Posted February 9, 2016
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  • Stocks Fall Sharply as Banks, Tech Sectors Take a Beating

    Wall Street rode another wave of selling Monday that sent U.S. stocks sharply lower, before a late-afternoon pullback stemmed some of the losses. Investors unloaded materials, financials and other stocks, briefly knocking the Dow Jones industrial average...

    • Posted February 8, 2016
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  • Call for Responsive Governments at Dubai Summit amid Turmoil

    DUBAI, United Arab Emirates – U.S. President Barack Obama and other world leaders called on governments to be responsive to and inclusive of their citizens at a conference in Dubai on Monday, as the unrest of the...

    • Posted February 8, 2016
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  • 2 Killed, 8 Injured in Fire on Mexico Offshore Oil Platform

    MEXICO CITY – Mexico’s state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight. Petroleos Mexico says via Twitter that the fire on the...

    • Posted February 7, 2016
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  • US Stocks End Modestly Higher After a Day of Wavering

    NEW YORK – U.S. stocks posted modest gains Thursday as investors await Friday’s closely watched jobs report, which could offer insight about the U.S. economy and help determine whether the Federal Reserve raises interest rates again next...

    • Posted February 4, 2016
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  • US Stocks Stage a late Turnaround, led by the Energy Sector

    NEW YORK – Stocks staged a rapid comeback in late-afternoon trading to close solidly higher Wednesday, helped by a surge in the price of oil and a decline in the U.S. dollar. Chipotle Mexican Grill fell as...

    • Posted February 3, 2016
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  • Eurozone Economy ‘Losing Steam’ amid Market Turmoil

    LONDON – The economic recovery in the 19-country eurozone lost steam in January, a closely watched survey found Wednesday, a sign that the turmoil in global financial markets is beginning to weigh on business activity. Financial information...

    • Posted February 3, 2016
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