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

Search results

1-10 results from 1000 for query «oil»

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 237

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 204

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 140

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 143

January 4, 2019 10:48 AM Trump's Withdrawal of U.S. Troops From Syria Will Boost Iran's Fortunes

President Donald Trump’s sudden announcement in December that the U.S. would withdraw troops from Syria came at a time when Washington seemed to finally be developing a strategy to tackle the Syrian conflict that went beyond prioritizing fighting ISIS. It was not Syria that was the focus of this new strategy; it was Iran. While former President Barack 148

December 26, 2018 9:35 AM Russia, Belarus fail to agree on financial compensation for Minsk: Kremlin

MOSCOW (Reuters) - Russian President Vladimir Putin and Belarusian counterpart Alexander Lukashenko failed to agree on possible financial compensation for Minsk and will meet again before the end of the year, Kremlin spokesman Dmitry Peskov said on Wednesday. The two leaders met in Moscow on Tuesday to discuss a range of issues, but did not reach an agreement 147

December 25, 2018 9:35 PM Syrian state media report missile attack near Damascus

BEIRUT – Warplanes flying over Lebanon fired missiles toward areas near the Syrian capital of Damascus late Tuesday and some of the missiles were shot down by air defense units, Syrian state TV said. There was no immediate word on casualties. While Syrian television didn't identify the planes, Lebanon's the state-run National News Agency reported that Israeli 126

December 25, 2018 12:35 PM Turkey 'determined' to drive out Syrian Kurdish forces

ISTANBUL – Turkey said Tuesday it is working with the United States to coordinate the withdrawal of American forces but remains "determined" to clear U.S.-allied Kurdish fighters from northeastern Syria. Foreign Minister Mevlut Cavusoglu told reporters that "if Turkey says it will enter, it will," in comments carried by private DHA news agency. For weeks 136

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 115

December 21, 2018 5:01 PM Exclusive: Mitsui, Saudi Aramco, Russia's RDIF in talks to buy Arctic LNG 2 stakes

MOSCOW/DUBAI (Reuters) - Japan’s Mitsui & Co Ltd (8031.T), Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek’s (NVTK.MM) Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters. Novatek plans to start producing LNG at Arctic LNG 2 in 2022-2023. The plant 133