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oil


Nancy Mace, Opinion contributor Published 5:00 a.m. ET June 24, 2019 CLOSE Politicians and voters in both parties say offshore drilling would threaten Atlantic coast tourism and jobs. President Trump should respect our views. Right up front, it is important to know I support President Donald Trump. I had a leadership role in his South …

© Reuters. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo By Tomo Uetake and Noah Sin TOKYO/HONG KONG (Reuters) – Stock markets in Asia inched higher on Monday on hopes that U.S. and Chinese leaders will be able to get trade talks back on track this week, …

Six oil tankers and a United States spy drone have been attacked since May in or near the Strait of Hormuz, which has been described as the world’s most important oil choke point. Tankers carry about 18 million barrels of oil per day — or about 20 percent of global oil demand — through the …

The S&P 500 set an intraday record high Thursday as investors were spurred on by signals of lower interest rates from the Federal Reserve. Oracle (ORCL – Get Report) rose after the enterprise software company topped analysts’ earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. Oracle …

The US military says one of the oil tankers attacked in the Gulf of Oman last week was damaged by a mine resembling those used by the Iranian security forces. The attack was the second such incident in the strategic shipping lane in a month. Tehran has denied any involvement. The BBC was one of …

Image copyright Reuters The Pope has told oil company bosses that climate change threatens the future of the “human family”. The oil executives had been invited to the Vatican in Rome for an audience with the pontiff. Pope Francis said a radical energy transition is needed to save what he called “our common home”. The …

Secretary of State Mike Pompeo publicly blamed Iran for the “blatant assault” on two oil tankers in the Gulf of Oman Thursday. “In a press conference Thursday afternoon, Pompeo said the U.S. had come to the conclusion based on intelligence, the type of weapons used and the sophistication of the assaults,” reports Fox News. “He …

A picture broadcast on Iranian state television shows smoke billowing from a tanker said to have been attacked off the coast of Oman on Thursday. (AFP/Getty Images) Erin Cunningham Middle East reporter covering Iran, Turkey, Syria and the wider region Simon Denyer Tokyo bureau chief covering Japan, North Korea and South Korea. June 13 at …

© Reuters. A woman points to an electronic board showing stock prices as she poses in front of the board after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan’s stock market, in Tokyo By Hideyuki Sano TOKYO (Reuters) – Asian shares slumped on Thursday …

Two oil tankers were damaged in a suspected attack off the Gulf of Oman early Thursday, according to multiple reports. The U.S. Navy’s Bahrain-based Fifth Fleet told Reuters it was assisting two tankers in the Gulf of Oman after receiving two distress calls. “We are aware of the reported attack on tankers in the Gulf of Oman. …