Multiple terminals closed at Port of Los Angeles after lithium battery fire
(Reuters) – Operations at Port of Los Angeles suffered disruptions as an overturned tractor trailer carrying a load of lithium batteries ignited a fire near Ocean & Navy Way on…
Russian drone may have breached Romanian air space during overnight attack on Ukraine
BUCHAREST (Reuters) – A Russian drone may have breached the national airspace of NATO member Romania for “a very brief period of under three minutes” overnight during an attack on…
Oil steadies, but heads for weekly drop on firmer supply outlook
By Gabrielle Ng and Shariq Khan SINGAPORE (Reuters) – Oil prices recouped losses on Friday to edge higher, but stayed on track for a weekly fall as investors weighed expectations…
Oil prices dip on stronger supply prospects, China stimulus limits losses
By Gabrielle Ng and Shariq Khan SINGAPORE (Reuters) -Oil prices eased for a third day on Friday and were on track to fall for the week as investors focused on…
Oil prices fall as expectations of higher supplies hammer market sentiment
(Reuters) – Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the…
Connecticut trader convicted in Petrobras bribery case
By Jonathan Stempel (Reuters) – A Connecticut oil and gas trader was convicted on Thursday over a nearly eight-year scheme to bribe officials at Brazil’s state-owned oil company Petrobras so…
Texas approves plan to boost oil and gas drillers’ power grid access
By Georgina McCartney HOUSTON (Reuters) – A Texas commission unanimously on Thursday approved the Permian Basin Reliability Plan, which is designed to expand power grid infrastructure in the United States’…
Dollar drops as data boost fades; Swiss franc gains following rate cut
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar weakened in choppy trading on Thursday after a boost from healthy U.S. economic data faded, while the Swiss franc rose after the…
Oil prices slump on oversupply concerns as Saudi-led OPEC+ eyes production hike
Investing.com – Oil prices settled sharply lower Thursday as Saudi Arabia reportedly will abandon its unofficial $100 price target as it looks set to proceed with an OPEC+ plan to…
At least two people dead after oil barge sinks in Venezuela, PDVSA says
CARACAS/MARACAIBO (Reuters) -At least two people died and four were declared missing following the sinking of an oil barge operated by a contractor of Venezuelan state-run energy company PDVSA at…
