The oil industry converges this week on Houston at CERAWeek, the largest gathering of top energy executives in the Americas, with oil majors showing a bigger presence as the United States has taken the crown as the largest crude producer in the world.
North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project.
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to set up a joint board meeting structure to discuss issues related to their alliance in a step toward integration of operations, TV Tokyo reported on Sunday.
Kia Motors may halt operations at its No.1 plant in China as part of its longer-term efforts to enhance competitiveness, a source familiar with the matter said on Sunday.
Nvidia Corp has submitted an offer to buy Israeli chip designer Mellanox, the Calcalist financial news website said on Sunday.
Hyundai Motor Co is in talks with potential investors to develop its new headquarters planned for the South Korean capital of Seoul to share additional investment costs worth about 3.7 trillion won ($3.27 billion), it said on Sunday.
Northern Ireland businesses urged British lawmakers on Sunday to seek a compromise over the country’s departure from the European Union and avoid the economic and social risks the province faces in crashing out of the bloc without a deal.
Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be too early to change OPEC+ output policy at the group’s next meeting in April.
The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Saturday.
Flights at New Jersey’s Newark Liberty International Airport resumed on Saturday after the airport closed its runways due to reports of a possible fire in the hold of a Boeing 737 cargo plane that was diverted there, officials said.
Fun fact: The U.S. ended 2018 as the world’s top crude oil producer, shipping 11.99 million barrels per day (bpd) to surpass Russia and Saudi Arabia.
But this production growth hasn’t come without environmental costs. There were two major oil spills in the U.S. last year. And who can forget the 2017 Keystone XL pipeline fiasco in South Dakota?
Now one of the world’s largest tech companies is helping the world’s largest publicly traded oil and gas company “clean up” its act, spelling good news for shareholders.
Microsoft (Nasdaq: MSFT) and Exxon Mobil (NYSE: XOM) announced a groundbreaking pact recently. Microsoft …read more […]
The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday.
A Saudi court has approved an application by detained and indebted billionaire Maan al-Sanea and his company, Saad, to have their case resolved through the kingdom’s new bankruptcy law, the company’s financial adviser and two sources familiar with the matter told Reuters.
Walmart-owned British supermarket chain Asda said it will remove single kitchen knives from sale in all its stores by the end of April.
China hopes other countries do not abuse national security rules to impede normal investment, Vice Commerce Minister Qian Keming said on Saturday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
