All posts tagged "oil"

• Bomb Attacks on Pipelines Cause Massive Oil Spill in Nigeria

  WARRI, Nigeria – Multiple bombings of Agip oil pipelines have caused thousands of barrels of oil to pollute waterways, farms and fishing grounds in Nigeria’s southern Bayelsa state, residents said Monday. Oil flowed unchecked for two days,...

  • Posted February 1, 2016
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• US Stocks Soar to Finish Tough Month as Tech Stocks Climb

    NEW YORK – Stocks soared on the last trading day of January, with Microsoft, Visa and other tech stocks making the biggest gains in a broad market rally Friday. Indexes rose throughout the day and finished...

  • Posted January 29, 2016
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• US Economy is Expected to Strengthen after Weak 4th Quarter

  WASHINGTON – The U.S. economy struggled to grow in the October-December quarter as consumer spending, business investment and exports slowed. Yet despite global weakness and shrunken oil and stock prices, many economists expect growth to accelerate on...

  • Posted January 29, 2016
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• Eurozone Inflation at 15-Month High, but Outlook still Weak

  LONDON – Inflation across the 19-country eurozone doubled in January, but few economists think it represents a meaningful pick-up in the economy given subdued growth across much of the region, a renewed drop in oil prices and...

  • Posted January 29, 2016
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• Brazil’s Petrobras Overhauls Corporate Structure

  RIO DE JANEIRO — Brazil’s state-run oil company Petrobras said Thursday it will slash management jobs as part of an efficiency drive approved by its board of directors. The plan calls for a 30 percent reduction of...

  • Posted January 28, 2016
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• US Stocks Rise as Oil Prices Jumps Again; Tech Climbs

  NEW YORK – U.S. stocks rose Thursday as the price of oil climbed for the third day in a row while key oil-producing nations discussed cuts in production. Tech and consumer stocks traded higher, led by Amazon...

  • Posted January 28, 2016
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• Russia: No Firm Plans to Coordinate Oil Output with OPEC

  MOSCOW – The Kremlin says there are no concrete plans to cut oil output in coordination with major producers Saudi Arabia and OPEC. Spokesman Dmitry Peskov told reporters on Thursday that Russia is “actively discussing the instability...

  • Posted January 28, 2016
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• Stock Market Skids after Cautious Comments from the Fed

  NEW YORK – Stocks sank Wednesday after the Federal Reserve gave a cautious assessment of the global economy and said growth in the U.S. has slowed down. The statement from the Fed smothered a small rally in...

  • Posted January 27, 2016
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• Fed Keeps Rates Unchanged; Voices Concern about Global Economic Pressures

  WASHINGTON – The Federal Reserve sounded a note of concern Wednesday about how global pressures could affect a slowing U.S. economy, while keeping a key interest rate unchanged. Six weeks after it raised rates from record lows,...

  • Posted January 27, 2016
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• Stocks Rise, Driven by a Turn Higher in Crude 

    NEW YORK – U.S. stocks jumped Tuesday as the price of oil made another abrupt reversal, this time rising almost 4 percent after falling sharply the day before. Energy stocks climbed along with the price of...

  • Posted January 26, 2016
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