Oil Prices Rise as Turkey Earthquake Triggers Supply Concerns
The price of oil was rising early Tuesday as supply concerns...
The price of oil was rising early Tuesday as supply concerns were stoked by the effects of the earthquake in Turkey, while there were signs of confidence in strong Chinese demand.
Brent crude, the international standard, traded up 1.9% to $82.51 a barrel. West Texas Intermediate, the U.S. standard, rose 2.0% to $75.57 a barrel.
Turkey’s oil-export terminal at Ceyhan, with a capacity of one million barrels a day, has been temporarily closed after a powerful earthquake struck the country and the northern area of Syria. The terminal transports exports from Azerbaijan and Iraq and handled around 1% of global oil supplies in January.
U.S. stocks close lower to start week as investors await Fed's Powell
U.S. stocks were off session lows but suffering a second day...
U.S. stocks were off session lows but suffering a second day of losses Monday, after an unexpectedly strong jobs report at the end of last week renewed worries about how high the Federal Reserve will have to take interest rates.
The Dow Jones Industrial Average DJIA was down 57 points, or 0.2%, at 33,870, after dropping more than 200 points at its session low.
The S&P 500 SPX fell 28 points, or 0.7%, to 4,108.
The Nasdaq Composite COMP shed 128 points, or 1.1%, to trade at 11,879.
Linde To Invest $1.8B To Supply Clean Hydrogen To Texas Plant
Linde ...
Linde (LIN.N), , the world's largest industrial gases company, said on Monday it will invest $1.8 billion to supply clean hydrogen to OCI's (OCI.AS) blue ammonia plant in the U.S. state of Texas.
The U.S.-German company said it will supply OCI with clean hydrogen by sequestering more than 1.7 million metric tons of carbon dioxide emissions each year, after the expected start-up in 2025.
"Linde's capabilities are already enabling the transition to a low carbon intensity economy," Chief Executive Sanjiv Lamba said in a statement.
Linde said it will build, own and operate an on-site complex at the OCI plant, which will include autothermal reforming - a process to produce low-carbon hydrogen - with carbon capture, plus a large air separation plant.
Here are a few storylines to get you prepped for Sunday’s game between the Eagles and the Chiefs: Read...
Here are a few storylines to get you prepped for Sunday’s game between the Eagles and the Chiefs: Read about the woman who rescued Patrick Mahomes’s season. Two starting Black quarterbacks will face off in the Super Bowl for the first time ever—and so will two brothers. Here’s a preview of Rihanna and the other musical acts. Finally, browse the Super Bowl betting guide.
