oil

New York City Files Lawsuit Against Exxon, BP, Chevron

New York City Files Lawsuit Against Exxon, BP, Chevron

The City of New York said on Wednesday that it will be suing BP plc (NYSE: BP), Chevron Corporation (NYSE: CVX), Exxon Mobil Corporation (NYSE: XOM), and Royal Dutch Shell plc (NYSE: RDS.A) in an attempt to hold oil and gas producers responsible for..

Most Powerful Year Opening for Oil Since 2014

Most Powerful Year Opening for Oil Since 2014

Tuesday witnessed oil prices posting their best year opening since 2014. The price of crude rose to significant highs in the midst of large Iranian anti-government rallies and consistent supply cuts initiated by Russia and OPEC.American WTI (West Te..

China’s Factory Industry at Seven-Month Low

China’s Factory Industry at Seven-Month Low

As demand and producer price gains slowed down in November, China’s industrial firms’ earnings trimmed down as well marking it the slowest pace in seven months. China is the world’s second largest economy with low income that has c..

Apple Rumored to be Talking with SAGIA to Open Stores in Saudi Arabia

Apple Rumored to be Talking with SAGIA to Open Stores in Saudi Arabia

Apple Inc. (NASDAQ: AAPL) stores could begin opening in Saudi Arabia as soon as 2019 as the country attempts to move towards a more futuristic look. Saudi Arabian officials are currently in licensing discussions with Apple and Amazon.com, Inc. (NAS..

Oil Price Rises to Two-Year High

Oil Price Rises to Two-Year High

Oil price was little changed on Thursday. But it still traded near the highest level since May 2015.U.S. West Texas Intermediate (WTI) crude futures for February delivery were trading at $59.54 a barrel in the early trading on Thursday. WTI broke th..

Shell Beats Third Quarter Estimates

Shell Beats Third Quarter Estimates

Shell Global (NYSE: RDS.A) reported almost a 50% rise in quarterly profits that was mostly driven by strong refining while also adapting well to low oil prices. Cash generation has been boosted in recent quarters as costs have been cut and asse..

Crude Touches $50 Mark Once Again

Crude Touches $50 Mark Once Again

Monday was a good day for crude oil as the price of the commodity soared to touch the $50 per barrel mark. With fluctuations characterizing the price of late and its subdued showing in recent times, this was indeed good news for those invested in th..