oil – Page 10 – Freedom 96.9

Trump administration moves to block Minnesota climate change lawsuit against oil companies

Monday, May 4 by SRN News

President Donald Trump's administration moved Monday to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate change. The U.S. Department of Justice, the administration's law enforcement arm, filed an action in... Read More.

Chevron CEO says physical shortages in oil supply to begin appearing

Monday, May 4 by SRN News

HOUSTON, May 4 (Reuters) - Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes. Economies will... Read More.

Trading Day: The oil, bonds tango

Monday, May 4 by SRN News

By Jamie McGeever ORLANDO, Florida, May 4 (Reuters) - Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping, pushing U.S. Treasury yields higher and dragging stocks lower. In my... Read More.

Goldman says global oil stocks approaching eight-year low, depletion speed a concern

Monday, May 4 by SRN News

May 4 (Reuters) - Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted. Oil prices jumped about 6% on... Read More.

Stocks edge up in Asia, oil flat amid Middle East uncertainty

Sunday, May 3 by SRN News

By Wayne Cole SYDNEY, May 4 (Reuters) - Shares edged higher while oil prices flatlined in Asia on Monday, as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key... Read More.

Asian markets are mixed and oil is steady after Wall Street hits records

Sunday, May 3 by SRN News

Shares were mixed in Asia on Monday after U.S. stocks set more records, powered by strong profits for major companies. Oil prices held steady after U.S. President Donald Trump said the U.S. would help ships leave the Strait of Hormuz, starting on Monday. Iran... Read More.

Oil slips after Trump says US will help free ships stranded in Strait of Hormuz

Sunday, May 3 by SRN News

By Florence Tan SINGAPORE, May 4 (Reuters) - Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept... Read More.

OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say

Sunday, May 3 by SRN News

By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON, May 3 (Reuters) - OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf... Read More.

Analysis-Investors are running out of time to brace for true oil shock

Friday, May 1 by SRN News

By Ankur Banerjee and Amanda Cooper SINGAPORE/LONDON, May 1 (Reuters) - In thrall to an AI boom that has sent stocks to record highs and harbouring hopes of a short-lived Iran war, investors have yet to prepare for a doubling of physical oil prices. The... Read More.

Kashkari: Uncertainty around oil shock means Fed should acknowledge risk of rate hikes

Friday, May 1 by SRN News

By Howard Schneider WASHINGTON, May 1 (Reuters) - The U.S.-backed war with Iran could change the inflation outlook enough to force the Federal Reserve into "potentially a series" of rate hikes to defend the central bank's 2% inflation target, Minneapolis Fed president Neel Kashkari said... Read More.

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Stories tagged with: oil

Trump administration moves to block Minnesota climate change lawsuit against oil companies

Chevron CEO says physical shortages in oil supply to begin appearing

Trading Day: The oil, bonds tango

Goldman says global oil stocks approaching eight-year low, depletion speed a concern

Stocks edge up in Asia, oil flat amid Middle East uncertainty

Asian markets are mixed and oil is steady after Wall Street hits records

Oil slips after Trump says US will help free ships stranded in Strait of Hormuz

OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say

Analysis-Investors are running out of time to brace for true oil shock

Kashkari: Uncertainty around oil shock means Fed should acknowledge risk of rate hikes

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