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Tag Archives: Oil Prices

Global stocks, oil edge up as OPEC weighs output deal

MANILA, Philippines (AP) — Global stocks and the price of oil edged higher Thursday as OPEC countries discussed ways to control production and re-assert their influence over energy markets. Investors were also keeping an eye on the European Central Bank for hints on the economic outlook. KEEPING SCORE: Britain’s FTSE 100 was up 0.5 percent to 6,220 and France’s CAC ...

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US stocks slide following late slump in oil prices

NEW YORK (AP) — U.S. stock indexes are falling Tuesday afternoon and energy companies are sliding with the price of oil. Makers of household products are trading lower following mixed reports about consumer behavior in the U.S. KEEPING SCORE: The Dow Jones industrial average dropped 101 points, or 0.6 percent, to 17,771 as of 3:34 p.m. Eastern time. The Standard ...

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Gulf economic slowdown sees foreign workers trapped by debts

DOHA, Qatar (AP) — The economic slowdown gripping countries across the Persian Gulf can be seen in layoffs, slowed construction projects and government cutbacks. For the millions of foreign workers drawn by brighter job prospects, it can have a far-darker side if they find themselves deep in debt. Gulf countries like Qatar largely don’t have bankruptcy laws, leaving laid-off workers ...

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Oil prices set for fourth-straight monthly gain

oi prices

The price of oil is on track to set its longest run of monthly gains in five years. Futures were up Tuesday morning in New York, paving the way for a fourth-straight monthly advance. Oil production has been disrupted in several different countries in recent months. Nigeria’s oil production is down 50 percent after a series of militant attacks. In ...

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US stock indexes slip as consumer goods makers fall

NEW YORK (AP) — U.S. stock indexes are mostly lower Tuesday morning. Consumer goods companies are falling despite a report that showed spending by consumers jumped last month by the largest amount in six years. Major U.S. indexes are wrapping up a strong month that has brought them near their highest levels of 2016. KEEPING SCORE: The Dow Jones industrial ...

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Top Eagle Ford Shale news stories – May 21-27

oil rig, rig count, Baker Hughes

Another week gone by and another deluge of news, and another weekly recap! Check out the list below to see what news articles our readers found most engaging this past week. Enjoy! 5. Texas firm cancels application to build $3.3B natural gas pipeline ALBANY, N.Y. (AP) — Houston-based Kinder Morgan has withdrawn its application for a federal permit to build a ...

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