Oil prices ease from 10-month highs but hold above $90 a barrel
LONDON (Reuters) -Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had...
LONDON (Reuters) -Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week.
Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year.
Brent crude fell by 23 cents, or 0.25%, to $90.42 a barrel by 1051 GMT on Monday while U.S. West Texas Intermediate crude lost 46 cents, or 0.53%, to $87.05.
Remains of two 9/11 victims of World Trade Center attack identified ahead of today's...
Remains of two 9/11 victims of World Trade Center attack identified ahead of today's anniversary; brings number of victims identified to 1,649 with over 1,000 still missing(More) | Perelman Performing Arts Center set to open at ground zero in lower Manhattan (More)
Hurricane Lee continued to churn in the Atlantic Ocean over the weekend, sitting as a Category 2 storm as of this writing, located a few hundred miles north of Puerto Rico. The storm reached Category 5 status late last week, losing intensity as it encountered significant wind shear, which disrupted the system's circulation.
Lee is currently headed toward the US Southeast; models predict it will strengthen back into a Category 4 hurricane but also turn northward well short of the mainland sometime around Wednesday. Meteorologists say whether the storm will make landfall along the upper US east coast depends upon a range of factors, including whether an incoming high-pressure ridge will nudge the system in a particular direction.
Diamondback Energy, Five Point Form Water-focused JV, Deep Blue
E&P Diamondback Energy Inc. and Five Point Energy LLC, a water...
E&P Diamondback Energy Inc. and Five Point Energy LLC, a water midstream company, have formed a new joint venture (JV) entity, Deep Blue Midland Basin LLC, to create what the companies called the largest independent water infrastructure platform in the Midland Basin.
Deep Blue will offer substantial excess capacity in place to pursue third-party growth as an integrated midstream water infrastructure network with more than 800 miles of pipelines for gathering, transport, disposal, and reuse.
The company will have a permitted disposal capacity of approximately 2 MMbbl/d and more than 65 MMbbl/d of water storage.
Before the opening bell: US futures rise early Monday after major indexes were down last week. Investors await key inflation data in the week ahead.
Bill Ackman sounds off. The billionaire hedge fund manager foresees challenges for regional banks and commercial real estate, but thinks Elon Musk’s X will ultimately succeed. Here are six of his best quotes from a recent interview.
A China economic downturn could hit these stocks the worst. A Bank of America note highlighted 10 stocks with the greatest revenue exposure to China. From Wynn Resorts to Broadcom, these stocks have the most on the line regarding the state of China’s economy.
