Crude oil prices trade modestly higher after Monday’s sharp decline
Crude oil prices traded modestly higher early Tuesday following sharp ...
Crude oil prices traded modestly higher early Tuesday following sharp losses on Monday as traders awaited an upcoming meeting of the Organization of Petroleum Exporting Countries and its allies due Wednesday.
October Brent crude, BRN00, +0.18%BRNV22, 0.19% the global benchmark, gained 44 cents, or 0.5%, to $100.48 per barrel.
Back on Nymex RBU22, +0.14%, September gasoline fell 2 cents, or 0.6%, to $2.98 per gallon, while September heating oil HOU22, -1.31% fell 5 cents, or 1.6%, to $3.34 per gallon.
September natural gas NGU22, -6.11% fell 22 cents, or 2.7%, to $8.06 per million British thermal units.
Russia says it can't do much to help with Nord Stream 1 gas pipeline repairs after it slashed flows to Europe again
Russia says it can't do much to help with repairs to the Nord Stream 1 natural gas pipeline, Kremlin...
Russia says it can't do much to help with repairs to the Nord Stream 1 natural gas pipeline, Kremlin spokesman Dmitry Peskov told Reuters on Monday.
"There are malfunctions which require urgent repairs and there are certain artificial difficulties which were caused by sanctions," Peskov said. "This situation needs a fix and Russia has little ability to help here," he added.
LONDON — U.K. oil giant BP on Tuesday raised its...
LONDON — U.K. oil giant BP on Tuesday raised its dividend and boosted share buybacks after tripling second-quarter profits on robust refining margins and trading.
The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $8.5 billion.
That compared with a profit of $6.2 billion in the first three months of the year and $2.8 billion for the second quarter of 2021. Analysts had expected BP to report a first-quarter profit of $6.3 billion, according to Refinitiv.
BP also announced a 10% increase in its quarterly dividend payout to shareholders, raising it to 6.006 cents per ordinary share. It also increased its share repurchases plan for the current quarter to $3.5 billion.
Benchmark U.S. crude oil for September delivery fell $4.73 to $93.89 a barrel Monday....
Benchmark U.S. crude oil for September delivery fell $4.73 to $93.89 a barrel Monday. Brent crude for October delivery fell $3.94 to $100.03 a barrel.
Wholesale gasoline for September delivery fell 11 cents to $3 a gallon. September heating oil fell 11 cents to $3.44 a gallon. September natural gas rose 5 cents to $8.28 per 1,000 cubic feet.
U.S. drone strike reportedly kills al-Qaida leader Ayman al-Zawahri
WASHINGTON — A CIA drone strike has killed al-Qaida leader Ayman al-Zawahri 👍in Afghanistan, according...
WASHINGTON — A CIA drone strike has killed al-Qaida leader Ayman al-Zawahri 👍in Afghanistan, according to people familiar with the matter.
Current and former officials began hearing Sunday afternoon that al-Zawahri had been killed in a drone strike, but the administration delayed releasing the information until his death could be confirmed, according to one person, who spoke on the condition of anonymity to discuss the matter.
Al-Zawahri’s loss eliminates the figure who more than anyone shaped al-Qaida, first as Osama bin Laden’s deputy since 1998, then as his successor. Together, he and bin Laden turned the jihadi movement’s guns to target the United States, carrying out the deadliest attack ever on American soil — the Sept. 11, 2001, suicide hijackings.
