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Exclusive: Aramco offers struggling refiners sweeter terms for crude

Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, refining industry sources said......»»

Category: topSource: reutersApr 15th, 2020

Futures Movers: Oil prices surge nearly 10% after Trump says Russia-Saudi feud can be resolved and as China reportedly builds reserves

Crude prices are climbing after comments from President Donald Trump over a damaging price war between Russia and Saudi Arabia......»»

Category: topSource: marketwatchApr 2nd, 2020

Tanker Rates Spike As Saudis Pull Trigger On Oil Price War

Saudi Arabia was not bluffing when it said it would focus on crude-oil market share. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi o.....»»

Category: earningsSource: benzingaMar 11th, 2020

Fastest Shrinking Local Economy in Every State

The United States is in a period of historic, continuous economic growth, with GDP climbing every quarter since mid-2009. While this trend is good news for most Americans, not all parts of the........»»

Category: blogSource: 247wallstFeb 26th, 2020

Texas energy data wrap: Houston energy jobs still down from peak

Crude oil prices are expected to trend downward in the first part of this year, lending no reprieve to companies whose business plans depended on higher commodity prices. At the same time, the oil and gas rig count bounced off of its lowest point s.....»»

Category: topSource: bizjournalsJan 21st, 2020

Taco Bell"s value menu to include a whopping 21 items

After removing nine menu items just a few months ago to simplify offerings, Taco Bell is reversing course by bulking up its value menu. Taco Bell, owned by Louisville-based Yum Brands Inc. (NYSE: YUM), says it's bucking the trend of shrinking value o.....»»

Category: topSource: bizjournalsDec 23rd, 2019

Fast food restaurant unveils a whopping 21 items for new value menu

After removing nine menu items just a few months ago to simplify offerings, Taco Bell is reversing course by creating a bulked-up value menu. Taco Bell, owned by Louisville-based Yum Brands Inc. (NYSE: YUM), says its bucking the trend of shrinking v.....»»

Category: topSource: bizjournalsDec 19th, 2019

Wall Street Pay Shrank 5.6% In 2018; Layoffs Spiked In First Half Of 2019: Report

Wall Street Pay Shrank 5.6% In 2018; Layoffs Spiked In First Half Of 2019: Report Continuing the trend of Wall Street salaries shrinking alongside the workforce of highly paid traders, analysts and others as automation takes hold, pay for .....»»

Category: blogSource: zerohedgeOct 31st, 2019

Oil sheds gains, stocks dip as Fed comes into focus

Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week's Federal Reserve meeting......»»

Category: topSource: reutersSep 17th, 2019

Oil sheds gains, stocks inch lower as focus turns to Fed

Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead of this week's Federal Reserve meeting......»»

Category: topSource: reutersSep 17th, 2019

Oil trims gains, but Middle East risks keep stocks on back foot

Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure......»»

Category: topSource: reutersSep 17th, 2019

Oil trims gains but Middle East risks keep stocks on back foot

Oil futures shed some of their massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure......»»

Category: topSource: reutersSep 16th, 2019

Business Lobbyist Confident In US Weathering An Oil Price Storm

Working with members of OPEC and the potential for offsetting oil shortages using emergency crude reserves should be enough to keep oil prices from spiraling out of control in the U.S., according to the country's chief business lobbyist. read more.....»»

Category: blogSource: benzingaSep 16th, 2019

Factbox: U.S. prepared to tap emergency oil reserves, Perry says no decision yet

U.S. Energy Secretary Rick Perry said on Monday it was too soon to say whether the United States would tap emergency oil reserves after attacks in Saudi Arabia halved the crude output in the world's largest oil exporter......»»

Category: topSource: reutersSep 16th, 2019

Capitol Report: Here are the 3 key times the U.S. tapped into its massive emergency-oil reserves

The weekend attack on major crude-oil facilities in Saudi Arabia could prompt something that has been done only three times in the past: an emergency release from the U.S. Strategic Petroleum Reserve......»»

Category: topSource: marketwatchSep 16th, 2019

Crude prices jump after Saudi attack; Trump says U.S. to tap reserves

The weekend attack on Saudi Arabia’s oil infrastructure knocked out nearly 6 percent of the 100 million barrels a day the world consumes......»»

Category: topSource: moneycentralSep 16th, 2019

Crude prices jump 12% after drone strikes halve Saudi oil output; Trump says U.S. to tap strategic reserves

The weekend attack on Saudi Arabia’s oil infrastructure knocked out nearly 6 percent of the 100 million barrels a day the world consumes......»»

Category: topSource: washpostSep 15th, 2019

Factbox: U.S. readies emergency oil reserves in wake of Saudi attacks

The Trump administration said on Saturday it stood ready to tap U.S. emergency oil reserves if needed after attacks in Saudi Arabia shut more than half the crude output in the world's largest oil exporter......»»

Category: topSource: reutersSep 14th, 2019

Futures Movers: Oil up 4% on higher risk appetite, and forecasts call for a third weekly fall in U.S. crude supplies

Oil futures climb Wednesday, tracking a global rally in assets perceived as risky, as investors focused on a geopolitical optimism and a forecast for shrinking U.S. crude supplies ahead of closely-followed weekly inventory reports......»»

Category: topSource: marketwatchSep 4th, 2019

Futures Movers: Oil pops higher on forecast for a third straight weekly decline in U.S. crude inventories

Oil futures climb Wednesday, tracking a global rally in assets perceived as risky, as investors focused on a geopolitical optimism and a forecast for shrinking U.S. crude supplies ahead of more closely followed weekly inventory reports......»»

Category: topSource: marketwatchSep 4th, 2019