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Tag: oil drops
Oil drops as US stockpiles lift on imports
2016-03-24 14:37:29| Oil & Gas - Topix.net
Brent for May settlement fell $US1.07, or 2.6 per cent, to $US40.72 a barrel on the London-based ICE Futures Europe exchange. Oil extended declines after a US government report showed crude supplies climbed to the highest level in more than eight decades as imports surged.
Dow drops 250 after oil falls back toward $30
2016-02-02 23:40:39| Oil & Gas - Topix.net
Stocks tumble as the Dow drops 250 after oil falls back toward $30 Increasingly the trading motto on Wall Street is: 'As oil goes, so goes the U.S. stock market' Check out this story on wtsp.com: http://usat.ly/1WZPyoy Traders work on the floor of the New York Stock Exchange on Feb. 1, 2016 Stocks were trading sharply lower in early trading Tuesday, with the Dow down more than 250 points after another selloff in the oil patch puts energy shares on the defensive and risk-taking on hold on in what has been a difficult start to 2016. Increasingly, the trading motto on Wall Street is: 'As oil goes, so goes the U.S. stock market.'
Dow drops 250 after oil falls back toward $30
2016-02-02 23:16:02| Chemicals - Topix.net
Stocks tumble as the Dow drops 250 after oil falls back toward $30 Increasingly the trading motto on Wall Street is: 'As oil goes, so goes the U.S. stock market' Check out this story on wtsp.com: http://usat.ly/1WZPyoy Traders work on the floor of the New York Stock Exchange on Feb. 1, 2016 Stocks were trading sharply lower in early trading Tuesday, with the Dow down more than 250 points after another selloff in the oil patch puts energy shares on the defensive and risk-taking on hold on in what has been a difficult start to 2016. Increasingly, the trading motto on Wall Street is: 'As oil goes, so goes the U.S. stock market.'
China drops online notice of oil rig location after Vietnam complaint
2016-01-23 07:59:54| Oil & Gas - Topix.net
Chinese maritime officials on Friday removed an online notice giving the location of a $1 billion deepwater oil rig in the South China Sea two days after issuing it, following a warning from Vietnam about drilling in disputed waters. Vietnam closely tracks the movement of the oil rig, which in mid-2014 caused the worst diplomatic rift between the neighbors in decades, when China parked it for 10 weeks in waters Vietnam considers its own.
Tags: online
location
notice
china
Oil firm Saudi Sabic's quarterly profit drops 29%
2016-01-18 02:33:38| Chemicals - Topix.net
Saudi Basic Industries Corp., one of the world's largest petrochemical companies, on Sunday posted a 29.4% drop in quarterly profit as sales prices for its products fell. The company, better known as Sabic, made a net profit of 3.08 billion riyals for the three months period ending Dec. 31, down from 4.36 billion riyals for the same period last year, it said in a brief statement posted on the local stock market's website.
Tags: firm
oil
profit
quarterly
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