All posts tagged "oil"
Exxon tries to quash NY subpoena of climate-change documents
DALLAS — Exxon is expanding its counter-attack against critics and is now seeking to quash a New York subpoena of the company’s documents related to climate change. Exxon said in a court filing Monday that it has...
- Posted October 17, 2016
OPEC Must Enact Cuts for Sustained Oil Price Rise, IEA Says
PARIS — The International Energy Agency is urging OPEC countries to swiftly deliver on promised production cuts if they want to see a sustained increase in oil prices that will also help shore up their economies. In...
- Posted October 11, 2016
US stocks rise as energy companies and Apple move higher
NEW YORK – U.S. stocks rose Monday as crude oil jumped to its highest price in more than a year and energy companies climbed with it. Investors also reacted to the latest twists in the presidential race....
- Posted October 10, 2016
Texas Oil Company Announces Big Offshore Alaska Discovery
ANCHORAGE, Alaska — A Texas petroleum drilling company announced Tuesday it has made a large-scale oil discovery off Alaska’s North Slope. Dallas-based Caelus Energy Alaska LLC announced a find of 6 billion barrels of light oil on...
- Posted October 5, 2016
Stocks Fall Broadly, Led By Drops in Real Estate, Utilities
NEW YORK — Stocks fell in light trading Monday as investors dumped former darlings of the market, real estate companies and utilities. Indexes slumped from the start of trading and remained down throughout the day as investors...
- Posted October 3, 2016
Stocks say ‘nevermind’; reverse recent losses as banks jump
NEW YORK – U.S. stocks climbed Friday as banks made a rapid recovery following a steep fall a day ago. Investors hoped Deutsche Bank and the financial system in general were in better shape than they had...
- Posted September 30, 2016
Stocks skid as drugmakers fall, then bank woes deepen losses
NEW YORK – U.S. stocks skidded Thursday as drug companies and banks absorbed large losses. Drugmakers faced scrutiny over price increases, while banks fell as investors worried about the stability of Deutsche Bank and other financial institutions....
- Posted September 29, 2016
OPEC Reaches Preliminary Accord to Curb Oil Production
ALGIERS, Algeria – OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has...
- Posted September 28, 2016
Tech and consumer companies lead US stocks higher
NEW YORK – U.S. stocks rebounded Tuesday and climbed after a survey showed consumer confidence is at a nine-year high, a sign Americans will keep spending in the months to come. Technology and consumer stocks made the...
- Posted September 27, 2016
Stocks decline, hurt by declines in banks; Waiting for Fed
NEW YORK – Stocks were moderately lower Friday, pushed down, in part, by the price of oil. Investors continue to remain on edge regarding the possibility of the Federal Reserve raising interest rates at its meeting next...
- Posted September 16, 2016