[ad_1] LONDON (Reuters) – The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months. A
Indian Oil Corp seeks LNG cargo for second half of October delivery
[ad_1] LONDON/SINGAPORE (Reuters) – Indian Oil Corp is seeking a liquefied natural gas (LNG) cargo for delivery in the second half of October, two industry sources said on Monday. The cargo is sought for delivery
Oil up 10% on Saudi attacks, stockpile hopes pare early gains
[ad_1] LONDON/SINGAPORE (Reuters) – Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the 1990-1991 Gulf crisis, after an attack on Saudi Arabian oil facilities
Biggest oil price surge since 1991 as ‘locked and loaded’ U.S. points finger at Iran for attack
[ad_1] DUBAI (Reuters) – An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said
Gold jumps 1% as attacks on Saudi lift safe-haven bets
[ad_1] (Reuters) – Gold prices jumped 1% on Monday as attacks on Saudi Arabia’s oil facilities dented risk appetite, boosting demand for the safe-haven bullion, while investors awaited for clues on monetary easing from major
Global services trade slows but stronger than goods – WTO
[ad_1] A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse/File Photo GENEVA (Reuters) – World trade in commercial services lost momentum in the second quarter
After attacks, Asia needs light crude, Saudi Arabia needs oil products
[ad_1] SINGAPORE (Reuters) – Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after attacks on Saturday that forced
China says can’t apportion blame for Saudi attack without facts
[ad_1] BEIJING (Reuters) – China’s Foreign Ministry said on Monday it was irresponsible to blame anyone for the attack on Saudi Arabia’s oil facilities without conclusive facts. Ministry spokeswoman Hua Chunying, speaking at a daily
UAW workers head for picket lines in first national strike against GM since ’07
[ad_1] DETROIT/WASHINGTON (Reuters) – The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the
Dollar falls, oil-exporter currencies rise after Saudi attacks; yen firms
[ad_1] SINGAPORE (Reuters) – The dollar fell while safe havens and currencies of oil-producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East