Oil prices end lower on rise in U.S. crude supplies, worries over Chinese demand
Oil futures ended lower on Wednesday, logging a third straight...
Oil futures ended lower on Wednesday, logging a third straight session decline, with prices pressured by a weekly climb in U.S. crude supplies and ongoing concerns over the impact of China’s zero COVID policy on that country’s demand for oil. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, -3.49% fell $3.08, or 3.5%, to settle at $85.83 a barrel on the New York Mercantile Exchange, the lowest front-month finish since Oct. 25, FactSet data show.
Occidental Petroleum Q3 Profit Surges from a Year Ago on High Oil Prices
Occidental Petroleum Corp. on Nov. 8 posted a four-fold increase in third-quarter profit from...
Occidental Petroleum Corp. on Nov. 8 posted a four-fold increase in third-quarter profit from a year earlier while receding from the previous quarter as energy prices eased from peaks.
Oil and gas producers such as Houston-based Occidental are benefiting this year from crude prices that have cooled down in recent months but are still hovering at their highest levels in years as sanctions on Russia and output cuts by OPEC+ fuel supply concerns.
Net income attributable to common stockholders was $2.55 billion, or $2.52 a share, in the third quarter. That is a four-fold increase from the $628 million, or 65 cents per share, from a year earlier, but a decrease from the $3.6 billion posted in the second quarter.
Brittney Griner, the American basketball star who’s imprisoned in Russia, has been moved to a penal...
Brittney Griner, the American basketball star who’s imprisoned in Russia, has been moved to a penal colony, according to her legal team.
Elon Musk sold nearly $4 billion of Tesla stock after his Twitter deal closed. He previously said he had finished selling his Tesla shares to fund a Twitter takeover.
Cornell University suspended frat parties and social events following allegations of drug-laced drinks and sexual assault at an off-campus location.
Anheuser-Busch became the first Fortune 500 company to buy a Major League Pickleball team.
Volodymyr Zelensky is open to peace talks. Ukraine’s president signaled he would consider ...
Volodymyr Zelensky is open to peace talks. Ukraine’s president signaled he would consider negotiating with Russia, something he had been vehemently against just a few months ago. However, any truce with Russia would be conditional on a) the return of occupied Ukrainian territory b) the prosecution of Russian war crimes and c) compensation for damages caused by the war. Behind the scenes, the US has been nudging Zelensky to publicly say he’d be willing to talk to Russia.
In elections dominated by economic concerns, Democrats performed ...
In elections dominated by economic concerns, Democrats performed much better than expected, perhaps dodging a so-called “red wave” that threatened to kick them out of power in both chambers.
The fates of both the Senate and the House are still unclear as the sun rises on Wednesday—and we may not know the outcome for days or weeks with major races still yet to be called.
Fetterman defeats Oz. In a closely watched race in the swing state of Pennsylvania, Democrats flipped a seat when John Fetterman defeated Dr. Mehmet Oz, the celebrity TV doctor who was backed by former President Trump.
