Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «crude»

January 12, 2019 3:05 AM Pemex's New York roadshow spooks investors, yields spike

MEXICO CITY (Reuters) - Yields on the debt of Mexican state-run oil company Pemex rose sharply this week after the company failed during presentations in New York to lay out a clear plan to reduce debt and increase output, analysts said. Pemex faces the possibility of a credit ratings downgrade due to costly proposals by the new government of leftist 148

January 10, 2019 12:19 PM Exclusive: Glencore loses exclusive marketing rights to two Libyan crude grades

LONDON (Reuters) - Trading and mining giant Glencore (GLEN.L) has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding those rights since the end of 2015, trading sources with direct knowledge said. China’s Unipec has been allocated three cargoes of that crude in January, according to one of the sources 138

January 8, 2019 4:18 PM Today's market moves and business news

The Dow climbed 300 points, or 1.3%, at Tuesday’s opening bell on hopes for progress on a trade deal with China. The S&P 500 jumped 1.1%, leaving both indexes on track for their first three-day winning streak since late November. The Nasdaq advanced 1% as well, boosted by 2% rallies for Amazon and Facebook. Markets got an extra boost after President 98

January 5, 2019 8:08 AM Iran says despite U.S. sanctions, it has found new 'potential' oil buyers

LONDON (Reuters) - All countries that were granted waivers from the United States to continue buying a certain amount of Iranian oil imports are complying with U.S. sanctions, a senior Iranian energy official said, noting that Tehran was hopeful to find new buyers. The United States withdrew from a nuclear deal with Iran last year and snapped sanctions 92

December 24, 2018 3:23 PM Iran says ready to respond, but U.S. aircraft carrier no threat

LONDON (Reuters) - Iran is ready to respond to any hostile U.S. action, but it does not consider the arrival of a U.S. aircraft carrier in the Gulf last week a significant threat, an Iranian navy commander said on Monday. The USS John C. Stennis entered the Gulf on Friday, ending a long absence of U.S. aircraft carriers in the region as tensions rise between 75

December 18, 2018 9:19 AM Libya NOC declares force majeure on El Sharara oilfield, El Feel stays open

TRIPOLI (Reuters) - Libya’s National Oil Company (NOC) has declared force majeure on operations at the country’s largest oilfield, El Sharara, a week after the firm announced a contractual waiver on exports from the field following its seizure by militants. Exports from the smaller El Feel oilfield were continuing, field engineers said, as workers had maintained 87

December 4, 2018 10:58 AM Exclusive: Exxon seeks to sell its stake in giant Azeri oil field

LONDON (Reuters) - Exxon Mobil (XOM.N) is seeking to sell its stake inAzerbaijan’s largest oil field, once dubbed the “contract of the century”, as the U.S. oil and gas giant re-focuses its global operations, industry and banking sources said. Exxon is hoping to raise up to $2 billion from the sale of its 6.8 percent in the Azeri-Chirag-Gunashli (ACG) 92

December 4, 2018 10:15 AM U.S. will not stop Iran exporting oil, Iranian president says

GENEVA (Reuters) - The United States will not be able to stop Iran exporting its oil and any move to prevent Iranian crude shipments passing through the Gulf would lead to all oil exports through the waterway being blocked, Iran’s president said on Tuesday. The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran’s 86

November 30, 2018 11:23 PM U.S. to conduct additional Keystone XL pipeline review

WASHINGTON/VANCOUVER (Reuters) - The U.S. State Department will conduct another environmental review of TransCanada Corp’s long-pending Keystone XL oil pipeline, a U.S. official said on Friday, a move that could lead to additional delays of the project. The so-called supplemental environmental impact statement was ordered by Judge Brian Morris of the U.S. District 68

November 21, 2018 7:18 PM Exclusive: U.S. weighs sanctions on Cuban officials over role in Venezuela crackdown

WASHINGTON (Reuters) - The Trump administration is considering imposing sanctions on Cuban military and intelligence officials who it says are helping Venezuela’s socialist government crack down on dissent, according to a source with knowledge of the deliberations. Such sanctions would be the first time Washington has targeted a bloc of foreign officials 79