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$347.000.000.00%
--$39,850.00+350.00+0.89%
$1.19-0.00-0.05%
$2.76+0.14+5.18%
$38.300.000.00%
--$42,840.00+240.00+0.56%

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Top Stories

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$30,000 turkey highlights Equinor's 'control problems' in U.S.

A report on Norwegian energy firm Equinor's <EQNR.OL> loss-making investments in the United States detailed significant problems the state-controlled company should have dealt with faster, its chair and chief executive said on Friday.

U.S. imposes tariffs on aluminum sheet from 18 countries

The United States is imposing new tariffs on $1.96 billion worth of aluminum sheet products from 18 countries after determining that the goods were being dumped, U.S. Commerce Secretary Wilbur Ross said on Friday.

BASF shuts German plant that emitted imidazole in Rhine

German chemicals company BASF said on Saturday it had protectively closed an imidazole plant in Ludwigshafen after discovering it emitted a small amount of the pharmaceutical and cosmetics raw material into the river Rhine since Oct. 9.

Hedge funds cut bullish bets on U.S. crude as demand outlook worsens

Hedge funds and money managers cut bullish wagers on U.S. crude, data showed on Friday, as rising coronavirus cases around the world weakened the demand outlook, and a rise in OPEC output last month also weighed on the market.

Latest News

Argentina first nation to OK drought-resistant GMO wheat, farm industry balks

Argentina on Friday formally became the first country in the world to approve the use of drought-resistant genetically modified (GMO) wheat, prompting fierce criticism by the country's massive export agriculture industry.

Supervisors at Chile's Escondida copper mine reject final labor deal, negotiations to continue

The union of supervisors at Chile's Escondida mine rejected BHP's final offer in contract negotiations on Friday, but the mining company said it would nonetheless meet again with the union in a last-ditch effort to stave off a strike.

Chile's Collahuasi copper mine averts strike, union agrees to deal

The union of workers at ChileĀ“s Collahuasi copper mine has come to an agreement in labor talks with the mine operator, the union president said on Friday, staving off the threat of a strike at the sprawling deposit.

U.S. Gulf of Mexico offshore oil production cut by 92% - regulator

U.S. Gulf of Mexico offshore oil output on Friday was down by 1.69 million barrels, or 92% of the region's daily production, the U.S. Department of Interior reported, as energy companies shut wells and offshore pipelines as Hurricane Delta churned through.

Factbox: How Norwegian oil workers' pay compares to other countries

Oil and gas is seen as a sector that offers relatively attractive pay, although average wages vary significantly from one country to another.

Romania, U.S. to sign cooperation agreements over nuclear reactors

Romania's economy ministry will sign cooperation and financing agreements with the United States on Friday regarding the construction of two nuclear reactors at its plant on the river Danube, U.S. ambassador Adrian Zuckerman said on Thursday.

Icahn sees energy sector rebound but urges patience

Billionaire investor Carl Icahn said on Thursday the energy sector will bounce back one day but shareholders need to be very patient and he is not urging people to buy.

Oil jumps on supply cuts in U.S. Gulf, wariness about North Sea, OPEC

Oil settled above $43 a barrel on Thursday on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway.

Hurricane Delta steams across Gulf of Mexico, halting most oil output

Hurricane Delta raked across the Gulf of Mexico, halting most of the region's offshore oil output on Thursday after energy companies shut-in wells, pulled staff from offshore platforms and began securing coastal processing plants.

Norway oil firms, union agree to mediation in bid to end strike

Oil firms and labour officials said they will meet with a state-appointed mediator on Friday in an attempt both sides hope will bring an end to a strike that threatens to cut Norway's oil and gas output by some 25%.

Russia says Poland's Nord Stream 2 fine is a move to please U.S

A Russian Foreign Ministry spokeswoman said on Thursday that a decision by Poland to impose a hefty fine on Gazprom <GAZP.MM> for its part in the Nord Stream 2 gas pipeline project was taken to please Washington, Interfax news agency reported.

Cameron LNG to shut Louisiana LNG export plant ahead of Hurricane Delta

Cameron LNG said Thursday it will shut its liquefied natural gas (LNG) export plant in Louisiana this morning as Hurricane Delta approaches the Gulf Coast.

Chevron completes evacuation of personnel in U.S. Gulf due to hurricane

Chevron Corp <CVX.N> has completed the evacuation of personnel from all its platforms in the U.S.-regulated northern Gulf of Mexico and shut in the facilities because of Hurricane Delta, the company said on Wednesday.

Shell shuts production at all nine offshore operations, evacuates workers due to hurricane - company

Royal Dutch Shell Plc <RDSa.L> said on Wednesday it shut production at its nine offshore operations in the U.S.-regulated northern Gulf of Mexico ahead of Hurricane Delta.

Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul

Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic sank fuel demand.

Column: Shrinking U.S. oil stocks point to market rebalancing - Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own)

Cameron LNG to shut Louisiana LNG export plant ahead of Hurricane Delta

Cameron LNG said Thursday it will shut its liquefied natural gas export plant in Louisiana this morning as Hurricane Delta approaches the Gulf Coast.

OPEC chief says the worst is over for oil market

OPEC Secretary General Mohammad Barkindo said on Thursday the worst was over for the oil market, following a price and demand collapse this year due to the coronavirus pandemic.

OPEC, in major shift, says oil demand to plateau in late 2030s

World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.

Dutch bank ING cuts carbon emissions linked to power industry lending

Dutch lender ING has sharply cut the carbon emissions linked to its lending to the power industry over the past year after reducing funding to coal-fired power plants and boosting financing for renewable energy, it said on Thursday.

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