Wednesday, June 29, 2022

All posts tagged "oil"

  • Stocks Sink, Weighed Down by another Drop in Price of Oil

    NEW YORK – Another steep drop in the price of oil weighed on global markets Tuesday. Investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data. Energy stocks fell as...

    • Posted February 2, 2016
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  • Exxon’s 4Q and Annual Profit Plunge with Oil Prices

    DALLAS – The big plunge in crude prices is taking a toll on Big Oil. Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It was the oil giant’s smallest profit since...

    • Posted February 2, 2016
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  • Cheap Oil Buoys Consumers, Shakes Up Global Governments

    Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others. Less expensive crude is delighting consumers in some regions,...

    • Posted February 2, 2016
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  • Russia Open to Meeting with Major Oil-Producing Countries

    ABU DHABI, United Arab Emirates – Russia says it is open to a meeting with fellow major oil-producing nations to discuss production levels amid a plunge in global oil prices. Foreign Minister Sergey Lavrov told reporters in...

    • Posted February 2, 2016
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  • BP Reports 91 Percent Plunge in 4th Quarter Earnings

    LONDON – British oil company BP said fourth-quarter earnings plunged 91 percent because of sharp declines in oil prices. BP reported Tuesday that underlying replacement cost profit fell to $196 million from $2.2 billion in the same...

    • Posted February 2, 2016
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  • Venezuela’s UN Envoy: Not Concerned About US Investigations

    UNITED NATIONS – Venezuela’s ambassador to the United Nations dismissed the possibility of cooperating with U.S. investigations into billion-dollar bribery schemes that allegedly occurred at the country’s state-run oil company while he was in charge. The allegations...

    • Posted February 1, 2016
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  • US Stocks Edge Mostly Lower as Energy Prices Plunge Again

    NEW YORK – The stock market was able to recover from steep losses to close slightly lower on Monday as investors looked past another steep drop in the price of oil and renewed concerns about economic growth...

    • Posted February 1, 2016
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  • Vice Chair: Global Concerns Led Fed to Keep Rates Unchanged

    WASHINGTON – A top Federal Reserve official said Monday that increased concerns about the global economic outlook led the central bank to leave a key interest rate unchanged last week. Vice Chairman Stanley Fischer said persistent declines...

    • Posted February 1, 2016
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  • US Manufacturing Weakens in Line with China Factory Slowdown

    WASHINGTON – Factory activity in the world’s two biggest economies – the United States and China – slowed in January, a discouraging trend for the global economy. U.S. factory activity shrank in January for a fourth straight...

    • Posted February 1, 2016
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  • Brazil Sentences Former Petrobras Executive to Prison

    RIO DE JANEIRO — The former director of Petrobras’ international division has been sentenced to 12 years in prison as part of an ongoing investigation into bribery and corruption at Brazil’s state-run oil company. A federal judge...

    • Posted February 1, 2016
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