What's at stake for O&G if Canadian rail workers strike
A potential rail strike by nearly 10,000 Canadian rail workers poses...
A potential rail strike by nearly 10,000 Canadian rail workers poses little threat to crude oil exports to the US thanks to greater reliance on pipelines, but analysts say it could wreak havoc on the natural gas liquids and refined products markets if it drags on. Extended rail disruptions could drive propane prices higher in the Northeast and western US and strain Canada's crude transport system.
Divers recovered five bodies from UK entrepreneur’s sunken...
Divers recovered five bodies from UK entrepreneur’s sunken yacht. After days of searching, rescue crews found the bodies of five of the six people missing since the Bayesian sank off the coast of Sicily on Monday during a celebration of Autonomy founder Mike Lynch beating fraud charges. Authorities did not immediately identify the bodies, but Lynch and his 18-year-old daughter, as well as his lawyer, Chris Morvillo, and his friend, Morgan Stanley International Chairman Jonathan Bloomer, and their wives were all missing after the shipwreck. Fifteen other people, including Lynch’s wife, were rescued in the aftermath, and the body of the yacht’s cook was found earlier.
Robert F. Kennedy Jr. reportedly plans to end his presidential bid and endorse Donald Trump. He’s scheduled to make an announcement tomorrow.
Shein slapped rival Chinese e-commerce company Temu with a copyright infringement lawsuit. The two have frequently squared off in court as they battle for the world’s bargain dollars.
Former FTX exec Ryan Salame has asked a court to void his guilty plea, saying the government reneged on a promise not to investigate his domestic partner for campaign finance violations. Salame is scheduled to begin his more than seven-year prison sentence in October.
Instagram is testing doing away with squares and making the images on profile pages vertical rectangles.
Lionsgate has pulled its most recent trailer for Francis Ford Coppola’s Megalopolis following reports that it included fabricated quotes from famous movie critics dissing the director’s iconic films.
Oil settles $1 down after US job data revised significantly lower
Oil prices settled down by $1 a barrel on Wednesday after the U.S. government revised...
Oil prices settled down by $1 a barrel on Wednesday after the U.S. government revised sharply lower a set of employment statistics closely watched by investors.
Brent crude futures settled down $1.15, or 1.49%, at $76.05 a barrel. U.S. West Texas Intermediate crude futures settled $1.24 lower or 1.69% at $71.93.
Stocks end higher after job revisions, Fed minutes set the stage for rate cut
Stocks finished with modest gains Wednesday, buoyed after...
Stocks finished with modest gains Wednesday, buoyed after the S&P 500 snapped an eight-day winning streak in the previous session.
A revision of U.S. jobs data in the 12 months through March showed the U.S. economy added 818,000 fewer jobs than previously estimated over that period -- a large change that underlined worries over the state of the jobs market but was less than the 1 million figure some economists had forecast.
Minutes of the Federal Reserve's July meeting affirmed that most policymakers were prepared to cut rates in September if data remained on track.
According to preliminary figures, the Dow Jones Industrial Average rose 55 points, or 0.1%, to close at 40,894. The S&P 500 gained 0.4% to end near 5,621, while the Nasdaq Composite advanced 0.6%, finishing near 17,919.
TMX expansion offers limited relief to West Coast refiners
The expanded Trans Mountain pipeline has delivered less benefit than...
The expanded Trans Mountain pipeline has delivered less benefit than anticipated to US West Coast refiners so far. Counter to expectations, most of the additional Canadian crude barrels were shipped to Asia instead of to the US. However, the influx of Canadian heavy crude is starting to push down prices for Alaskan North Slope and other crudes, signaling potential cost savings for West Coast refiners in the near future.
