session spike came after oilfield-services firm Baker Hughes reported the number of U.S. rigs in operation fell by another 94 last week.
The Dow Jones industrial average fell 250.75, or 1.4 percent, to 17,166.10. Visa was the only component in the (...)
oil futures fell 1.4 percent Monday to a fresh 2012 low below $95 a barrel as Saudi Arabia's oil minister said prices should decline further and amid mounting worries about the state of Greece's economy.
New York's main contract West Texas (...)
based product developed by Saudi Aramco is compatible with existing engine technology.
For R&DC, this marks the first step toward becoming a leading force in research and development of future fuels for transportation.
“As a next step, the Saudi (...)
oil shipments aboard supertankers bound for Japan rose 12 percent this week, according to ship-tracking data compiled by Bloomberg.
Vessels with a total carrying capacity of 10.9 million deadweight tons are heading for the Asian nation, up from 9.7 (...)
member delegation toured Saudi Aramco facilities in Dhahran, including the Oil Supply Planning & Scheduling (OSPAS) Center and the Saudi Aramco Oil Exhibit. The delegates also visited the Shaybah oil producing facilities deep in the Rub' al-Khali (...)
market report, gaining $1.29 to settle at $81.50 on the New York Mercantile Exchange. Gold for May delivery rose $2.10 to $1,135.20 an ounce.
The Dow Jones industrial average rose 122.06, or 1.2 percent, to 10,556.20. Twenty-eight of the (...)
month high early in the session before retreating.
The Dow Jones industrial average rose 30.01, or 0.3 percent, to 9,539.29. Twenty-one of the index's 30 components rose, led by Boeing, J.P. Morgan Chase, United Technologies, and Travelers (...)
day slump in crude has brought the contract's decline to over $16. The U.S. dollar rose slightly against the euro and the yen, as European Union inflation concerns mounted, especially in Germany.
The Dow Jones industrial average rose 49.91, or 0.4 (...)
time high of $119.90 a barrel late on Tuesday. A Saudi analyst has predicted that the oil prices will touch the $150-mark by the end of the year that will increase the inflation rate heavily. Adjusted for inflation, oil is now above the $101.70 peak (...)
term supplies of crude oil will be available for their refineries. Whereas most refining capacity is located in consuming industrialized economies, in the near future, export-oriented refineries located in producing nations, close to their crude (...)
mentioned prices will be reviewed every five years but will remain unchanged for ten years for any consumer who have signed a long-term contract with Saudi Aramco, effective the date of signing his contract, said the Cabinet. The statement added (...)
term oil demand, since
imported crude will be cheaper in yuan terms, Barclays
Capital said in a research note.
«If we are right, then the flow of diesel and gasoline
exports out of China could slow down and crude oil imports
pick up,» said (...)
day shut down.
Traders said crude speculators on the New York Mercantile Exchange were offloading positions, hitting prices.
"I think the market cannot sustain prices above $60 without a serious supply disruption such as a hurricane or a refinery (...)
than-expected demand growth.
On Nasdaq, chip maker Intel Corp. climbed 0.5 percent to $23.92 and Cisco Systems Inc., whose equipment helps direct Internet traffic, rose 0.7 percent to $17.42 after Smith Barney added the companies to its focus (...)
quarter profit declined 39 percent, as earnings at its largest business, mortgage banking, fell by two-thirds.
But shares of video game publisher THQ Inc. were up nearly 16.5 percent to $26.62, a day after it said quarterly profit doubled, beating (...)
producing U.S. Gulf of Mexico in September.
"Imports are back at comfortable levels so any concerns about crude availability have been dissipated considerably," said Jim Ritterbusch, President of Ritterbusch and Associates.
The U.S. crude build (...)
week lows hit early in the week.
The OPEC cartel has said it is doing all it can to control prices, which are being driven by soaring world demand and Middle East political instability.
A Reuters survey showed that cartel members, already pumping (...)
witching Friday as August individual equity options and some options on stock indexes stop trading at Friday's close.
Typically, options expiration is orderly but some volatility may occur as players unwind those positions against stock and index (...)