Oil ticks up as supply concerns outshine macroeconomic jitters
LONDON (Reuters) - Oil prices crept up on Tuesday as supply concerns from a hurricane hurtling towards...
LONDON (Reuters) - Oil prices crept up on Tuesday as supply concerns from a hurricane hurtling towards the U.S. Gulf Coast limited bearish sentiment about the possibility of another U.S. interest rate hike undercutting demand.
Brent crude edged 63 cents higher at $85.05 a barrel by 1026 GMT, while U.S. West Texas Intermediate crude ticked up 57 cents to $80.67 a barrel.
Typhoon Forces 25,000 People to Flee Homes in Philippines
The Philippines evacuated almost 25,000 people to safer ground...
The Philippines evacuated almost 25,000 people to safer ground as Typhoon Saola is expected to hit land Wednesday before heading for Taiwan and Hong Kong.
The Philippines has raised the third-highest wind signal over its northeastern islands, warning of strong winds and power disruptions, the state weather bureau Pagasa said in its latest bulletin at 2 p.m. on Tuesday. Taiwan issued a sea warning late Monday and may announce a land warning within hours.
American Airlines was hit with a $4.1 million fine for delays that left passengers stranded on the tarmac....
American Airlines was hit with a $4.1 million fine for delays that left passengers stranded on the tarmac. It’s the largest fine ever issued by the Department of Transportation over this issue.
OpenAI launched ChatGPT Enterprise, the business version of its popular chatbot, as it looks to boost revenue from the product.
3M has agreed to pay $6 billion to settle ~250,000 lawsuits from veterans claiming the company’s earplugs were faulty.
Spanish prosecutors have opened an inquiry into then National Soccer Federation chief Luis Rubiales’s unwanted kiss of national team player Jenni Hermoso after Spain’s World Cup victory. Meanwhile, Rubiales’s mother has shut herself in a church and begun a hunger strike in defense of her son.
Elton John spent a night in the hospital after a fall at his French villa but has since been sent home.
🌀Idalia is expected to hit Florida as a Category 3 hurricane
Evacuations began, schools were closed, and 14 million people were under storm watches yesterday as Idalia,...
Evacuations began, schools were closed, and 14 million people were under storm watches yesterday as Idalia, forecast to grow in strength over the Gulf of Mexico’s warm waters before making landfall tomorrow, headed toward Florida’s west coast. The National Hurricane Center warned of the potential for life-threatening storm surge as the region battered last year by deadly Hurricane Ian prepared. “Buckle up for this one,” Gov. Ron DeSantis, who spoke to the president, warned.
Halliburton loses patent fight over e-frac technology
Halliburton failed to convince a U.S. federal jury on Thursday...
Halliburton failed to convince a U.S. federal jury on Thursday that a unit of rival oilfield services company ProFrac infringed its electric-fracking patents. The jury in Waco, Texas, agreed with ProFrac's U.S. Well Services that the company's "Clean Fleet" technology did not work in the same way as Halliburton's patented technology for electric fracking, or "e-frac," which has a smaller carbon footprint than traditional fracking. ProFrac, a Willow Park, Texas-based oilfield services company backed by billionaires Dan and Farris Wilks, bought Houston-based U.S. Well Services last year.
The jury also determined that two of the three Halliburton patents at issue were invalid, according toReuters.