ENFF

Oil rises on US crude stocks data, tight supply outlook

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol Register now for FREE unlimited access to Reuters.com register US crude stocks fall by over 7 million barrels Russian supply set to be sharply curbed by EU sanctions Russia sees energy export revenue rising nearly 40% …

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NYSE delistings signal Beijing may be willing to compromise on US audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, US June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing …

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Oil drops as China data weighs

FILE PHOTO – A pump jack is seen surrounded by steam during sunset at a PetroChina’s oil field in Karamay, Xinjiang Uigur Autonomous Region January 5, 2011. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com register China’s July refinery output lowest since March 2020, data shows Stronger US dollar and low liquidity pressure prices …

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Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday …

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Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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US gasoline prices fall below $4 for first time since March

Gasoline demand has waned in the summer Lower-income households spending less as prices dip US retail price hit a record in June Aug 11 (Reuters) – The average price of US retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest …

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Oil rises as Russian pipeline halt revives supply fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com register Russia oil exports halted via southern leg of Druzhba pipeline EU puts forward ‘final’ text to resurrect Iran nuclear deal …

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Berkshire Hathaway boosts Occidental Petroleum stake above 20%

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com register August 8 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) bought …

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Nigeria’s Buhari grants consent to Seplat’s buy of Exxon Mobil’s Nigeria unit

ABUJA, Aug 8 (Reuters) – Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy (SEPLAT.LG), in a $1.28 billion deal announced in February. Buhari, who doubles as oil minister, granted ministerial approval to the deal, the presidency said in a statement on Monday. Exxon and Seplat …

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Oil bounces as China, US data ease recovery concerns

FILE PHOTO – A oil field worker works at a pump jack in PetroChina’s Daqing oil field in China’s northeastern Heilongjiang province November 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Reuters.com register SINGAPORE, Aug 8 (Reuters) – Oil prices edged up from multi-month lows on Monday as investors’ appetite improved following …

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