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41-50 results from 1000 for query «crude»

July 27, 2018 1:37 PM Exxon quarterly profit misses due to refinery maintenance

HOUSTON (Reuters) - Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday as its production dropped and it spent heavily to upgrade several key refineries. The Irving, Texas-based company posted second-quarter net income of $3.95 billion, or 92 cents per share, up from $3.35 billion 46

July 26, 2018 4:51 PM Factbox: Risks to Middle East oil and gas shipping routes

DUBAI (Reuters) - Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen’s Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world’s top oil exporting region. Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz 55

July 25, 2018 9:20 PM Saudi Arabia suspends oil exports through Bab El-Mandeb after Houthi attack

DUBAI (Reuters) - Saudi Arabia’s Energy Minister Khalid al-Falih said on Thursday that the world’s top exporter was “temporarily halting” all oil shipments through Bab El-Mandeb strait immediately, after an earlier attack on two crude vessels by the Iran-aligned Houthi movement. “Saudi Arabia is temporarily halting all oil shipments through Bab El-Mandeb 41

July 23, 2018 7:00 AM Saudi Aramco aims to buy controlling stake in SABIC: sources

DUBAI (Reuters) - Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC 2010.SE, possibly taking the entire 70 percent stake owned by Saudi Arabia’s sovereign wealth fund, two sources familiar with the matter told Reuters. Late last week Aramco IPO-ARMO.SE confirmed a Reuters report that it was working on a possible purchase of a “strategic 48

July 22, 2018 1:55 PM 'Do Not Play With the Lion’s Tail.' Iran Warns President Trump Not to Threaten Oil Exports

(Bloomberg) — Iran’s president warned his U.S. counterpart Donald Trump not to threaten the Persian Gulf nation’s oil exports and called for improved relations with its neighbors, including arch-rival Saudi Arabia. Trump is reimposing sanctions on Iran, which ships most of its oil through the Strait of Hormuz, in an effort to squelch the country’s oil sales 48

July 12, 2018 5:19 PM U.S. accuses North Korea of U.N. sanctions breach, demands end to fuel sales

UNITED NATIONS (Reuters) - The United States accused North Korea on Thursday of breaching a U.N. sanctions cap on refined petroleum by making illicit transfers between ships at sea, according to a document seen by Reuters, and demanded an immediate end to all sales of the fuel. The United States submitted the complaint to the U.N. Security Council North 53

July 6, 2018 11:57 AM Oil slips below $77, weighed down by Saudi output boost, trade tensions

LONDON (Reuters) - Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions. Top exporter Saudi Arabia told OPEC it raised oil output by almost 500,000 barrels per day last month, OPEC sources said, a sign Riyadh wants to make up for shortages 77

July 5, 2018 9:39 AM Europe shrugs off Asian gloom, euro shuffles higher

LONDON (Reuters) - European shares headed for a third day of gains on Thursday, as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia. Trade war nerves had pegged all of Asia’s bourses back with a U.S. deadline to impose tariffs on Chinese imports just a day away, but it was another 66

July 3, 2018 9:30 AM Russia Takes Outsize Role in Boosting Oil Supply

Producers itch to open taps after agreement with OPEC aimed at keeping prices in check MOSCOW—Russian oil companies are priming the pumps to significantly boost crude output this summer, taking on an unusually important role in a global effort to keep prices in check. Alongside Saudi Arabia, Russia is one of just a few countries that can quickly ramp up production 47

July 2, 2018 5:44 PM U.S. to Consider Iran Sanctions Relief on a ‘Case-by-Case’ Basis

Administration steps back from threats to insist on zero imports by a Nov. 4 deadline WASHINGTON—The Trump administration will consider requests for waivers from economic sanctions against Iran on a “case-by-case” basis, a senior State Department official said Monday, a step back from threats to insist on zero imports by a Nov. 4 deadline. Buyers of Iranian 39