Exxon’s shale boss in Texas jail on sexual assault charge
Exxon Mobil Corp.’s head of shale remained in a Texas jail...
Exxon Mobil Corp.’s head of shale remained in a Texas jail Sunday after he was arrested for sexual assault at a hotel near Houston last week, police said.
David Scott, 49, a senior vice president of Exxon’s upstream shale business, was arrested early Thursday at a La Quinta Inn & Suites hotel in Magnolia, Texas, the Montgomery County Sheriff’s Office said, just north of company headquarters.
Scott faces a second-degree felony assault charge and posted a $30,000 bond, according to jail records. Local authorities said Scott remained behind bars Sunday because he has not yet surrendered his Australian passport to probation officers.
Convictions on such felonies in Texas carry a minimum of two years and up to 20 years in prison.
Israel Orders ‘Complete Siege’ of Gaza as Troops Battle to Secure Border Areas
Israel’s defense minister said the authorities would block deliveries of food, water, and fuel into...
Israel’s defense minister said the authorities would block deliveries of food, water, and fuel into the Gaza Strip. Israeli troops were still fighting Palestinian militants in border areas, two days after an invasion that has left hundreds dead.
Oil Traders Wary as Gasoline Demand Shows Signs of Cracking
One of the oil market’s most controversial data points of recent...
One of the oil market’s most controversial data points of recent years — a measure of how much gasoline Americans consume — is pointing to a crash in demand that’s concerning traders the world over.
On Wednesday last week, the market’s most-watched measure for consumption of fuel in the US tumbled to the lowest for the time of year in a quarter of a century. Since the summer’s peak, it points to a decline of 1 million barrels a day. New York-traded futures, the global benchmark, plunged by 6.9%, one of several catalysts for oil’s biggest one-day rout in a year that day. READ MORE
Investors will be focused on the outbreak of war in Israel and Gaza, which could lead to volatility in...
Investors will be focused on the outbreak of war in Israel and Gaza, which could lead to volatility in global stock markets and oil prices, depending on the escalation of the conflict. US oil futures jumped as much as 5.4% last night. Later in the week, the consumer price index report will give an update on the Fed’s fight against inflation.
The U.S. stock market will be open on Monday, Oct. 9, for Columbus Day and Indigenous Peoples Day, but the bond market won’t be which is perhaps more significant for Wall Street.
Futures are down.Dow Jones Industrial Average futures YM00 fell about 200 points, or 0.7%, right out of the gate Sunday and are now down 175 points on Monday morning, while S&P 500 futures ES00 and Nasdaq-100 futures NQ00 sank as well. Traditional havens such as gold GC00, 0.99% and the U.S. dollar DXY rose.
Russia ended a diesel export ban Friday weeks after the government...
Russia ended a diesel export ban Friday weeks after the government ordered energy companies to halt all fuel exports indefinitely in a bid to combat domestic shortages.
The decision to allow diesel piped to sea port terminals to be exported was on the condition that supplier companies reserve at least half of the diesel they produce for the domestic market, the Kremlin said.
