BP swings to loss on weaker upstream earnings

2019-10-29

BP PLC said Tuesday that it swung to a loss in third-quarter earnings as it reported a divestment-related charge as well as lower upstream earnings. The London-based energy giant BP, -0.28% BP, +0.00%  posted a replacement-cost loss–a metric similar to the net income figure that U.S. oil companies report–of $351Read More →

Oil on track for weekly gains

2019-10-25

Oil futures drifted into negative territory Friday, but remained on track for weekly gains as concerns over supply appeared to take over the spotlight from longer-term worries over global economic growth and the outlook for crude demand. West Texas Intermediate crude for December delivery CLZ19, +0.07%  on the New YorkRead More →

U.S. trade deficit in goods widens slightly in August

2019-09-26

Bloomberg A container ship sits in Yokohama, Japan last month. The U.S. and Japan have reached an initial trade agreement this week, according to President Donald Trump. The numbers: The advance trade deficit in goods widened to $72.8 in August, up 0.5% from the prior month, according to the CommerceRead More →

Oil futures end at their lowest in over a week

2019-09-24

Oil futures settled lower Tuesday, pressured by signs that Saudi Arabia is making progress in restoring production following attacks on processing facilities, as well as concerns over the global demand picture. Also contributing to declines in oil prices, Iranian President Hassan Rouhani on Tuesday said he was open to discussRead More →