LONDON (Reuters) - With oil investors and traders focused on an oil-price rally that has come close to...
LONDON (Reuters) - With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply.
The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to LSEG data. Malaysian crude Tapis reached $101.30 last week, said Bjarne Schieldrop, an analyst at Swedish bank SEB, in a report.
"The overall situation is that Saudi Arabia and Russia are in solid control of the oil market," Schieldrop said.
Death toll in last month's Maui wildfires dropped from 115 to 97 after DNA testing;...
Death toll in last month's Maui wildfires dropped from 115 to 97 after DNA testing; 31 people still unaccounted for (More) | Libya receives 30 tons in medical supplies after last week's floods; death toll reaches 11,300, expected to rise (More)
Long lost letter suggests Pope Pius XII and the Vatican likely knew about mass murder of Jewish populations during World War II as early as 1942, contradicting longstanding claims about the Church's awareness (More)
Rockefeller Foundation pledges $1B to fund climate change programs over the next five years (More)
British actor and comedian Russell Brand was accused of sexual assault by four women; Brand denies the allegations (More)
At least one person is dead and hundreds of thousands are without power after the much-diminished post-Tropical...
At least one person is dead and hundreds of thousands are without power after the much-diminished post-Tropical Cyclone Lee made landfall in Maine and Nova Scotia, Canada, over the weekend. Parts of Massachusetts and Maine saw three-foot storm surges and roughly four inches of rain as the system and its 70 mph winds—just shy of Category 1 status—rolled northeast.
HighPeak Energy has entered into a $1.2 billion loan credit agreement to refinance...
HighPeak Energy has entered into a $1.2 billion loan credit agreement to refinance its debt in what the Midland Basin E&P said is one of the largest privately arranged financings for an independent producer.
The refinanced debt, which represents more than 50% of the company’s $2 billion market capitalization, comes after the company said in January it would explore “certain strategic alternatives to maximize shareholder value” up to and including a sale.
Iran released five Americans in a prisoner swap, as part of a deal in which the U.S. agreed to unfreeze $6 billion in Iranian oil revenue.
Five Americans who had been imprisoned in Iran were allowed to...
Five Americans who had been imprisoned in Iran were allowed to leave the country on Monday,according to White House officials, after two years of high-stakes negotiations in which the United States agreed to unfreeze $6 billion in Iranian oil revenue and dismiss federal charges against five Iranians accused of violating U.S. sanctions.
The five Americans, some of whom had been held for years in Evin Prison,one of the most notorious detention centers in Iran, were expected to fly to Doha, the capital of Qatar, for a Cold War-style exchange with two of the five Iranian nationals. Three others declined to return to Iran, according to U.S. officials.
