Shell to shut-in portions of Zydeco oil pipeline off Louisiana

HOUSTON (Reuters) -Oil major Shell (LON:SHEL) on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24.…

Greek-flagged oil tanker on fire after Houthi attack, EU naval mission says

By Ahmed Elimam, Nur-Azna Sanusi and Adam Makary (Reuters) -The Greek-flagged crude oil tanker Sounion has been on fire in the Red Sea since Aug. 23 after an attack by…

Shell plans to shut-in different portions of Zydeco pipeline

HOUSTON (Reuters) – Oil major Shell (LON:SHEL) on Monday said it plans to shut-in different portions of its Zydeco pipeline system for three to four days starting Sept 24. The…

Harness Economic Indicators in Forex for Smarter Trading

In the dynamic world of forex trading, understanding economic indicators in forex is essential. These indicators serve as critical tools that help traders gauge the overall health of an economy.…

Safe-haven yen, US dollar gain on rising MidEast tension

By Gertrude Chavez-Dreyfuss, Kevin Buckland and Sruthi Shankar NEW YORK/TOKYO (Reuters) -The Japanese yen rose to a three-week high against the U.S. dollar on Monday, while the greenback rallied from…

Oil climbs 3% on Mideast tensions, Libya output cuts

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose nearly 3% on Monday as supply concerns sharpened on reports of escalating conflict in the Middle East as well as production cuts…

Seven injured in fire at Russia’s Omsk oil refinery, production continues

MOSCOW (Reuters) – The Omsk oil refinery, Russia’s largest, reported a fire on Monday but said it was operating as usual and that production plans will be fulfilled. “The fire…

Exxon forecasts 2050 oil demand to match today’s, 25% above BP estimate

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil (NYSE:XOM) said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today’s…

Russia says it disrupted Ukraine’s power network and arms supplies with massive strike

MOSCOW (Reuters) – Russia said on Monday it had conducted a massive strike on Ukraine which it said had disrupted the electricity supply and the transport by rail of arms…

Dollar drops against yen but broadly stable after last week’s decline

By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar fell to a three-week low against the yen on Monday but halted its recent slide against most other currencies…