Oil Prices Rise Again
Posted on Wednesday October 16, 2019

WTI and Brent crude oil finished higher for the second consecutive day.

$4B India Complex Might Use Wind and Solar Power
Posted on Wednesday October 16, 2019

This photo shows the designed site for the chemical complex, Mundra Port in Gujarat, India. PHOTO SOURCE: Adani

Saudi Aramco to Delay IPO Launch
Posted on Wednesday October 16, 2019

Saudi Aramco has postponed the launch of the world's largest IPO, a move that may put the oil giant's planned November listing in jeopardy.

Rangeland Midstream Canada Begins Oil Pipeline Construction
Posted on Wednesday October 16, 2019

Rangeland Energy III LLC subsidiary, Rangeland Midstream Canada, Ltd., has begun construction of its Marten Hills Pipeline System.

Marathon Petroleum Board, Investors in Talks About CEO
Posted on Wednesday October 16, 2019

Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss CEO Gary Heminger's future and the company's strategy amid calls to split up its businesses.

Gulf Oil Production to Set Records Through 2020
Posted on Wednesday October 16, 2019

Annual oil production in the Gulf of Mexico is expected to jump to 1.9 million bpd in 2019.

Aramco's IPO Comes in Midst of Rough Times for Saudi Markets
Posted on Wednesday October 16, 2019

Anyone buying into Saudi Aramco's initial public offering in anticipation of a quick rebound in the country's stock market may be in for a disappointment.

Asian Buyers Seek Oil From Closer to Home
Posted on Wednesday October 16, 2019

Soaring oil tanker costs are boosting Asian demand for crude grades produced closer to home.

BHGE Drops the GE
Posted on Wednesday October 16, 2019

Baker Hughes, a GE company (BHGE) reported Thursday that it has changed its name to Baker Hughes Co.

Buyer for Chevron's UK Fields Seeks Funds From Traders
Posted on Wednesday October 16, 2019

A unit of Delek Group is seeking alternative means of financing to complete its $2B acquisition of some of Chevron’s North Sea oil and gas assets.

WSJ.com: US Business

AT&T in Talks to Resolve Elliott Management's Activist Campaign
AT&T is in talks with Elliott Management to resolve the activist investor?s campaign for change at the phone and media giant, people familiar with the matter said.

Businesses Give Draft Brexit Deal Cautious Welcome, but Questions Remain
European businesses welcomed a potential deal to avoid a messy break between the U.K. and European Union, but investment plans that many companies have put on hold aren?t likely to get started anytime soon.

Why Your Next Louis Vuitton Bag May Hail From Texas
The global luxury brand, born in Paris, has found a home on the range to make handbags for a world of picky consumers and trade wars.

Zuckerberg Rebuffs Calls for Tighter Controls
In a rare policy speech that could have ramifications for the U.S. presidential campaign and social movements world-wide, the Facebook CEO asserted his commitment to free speech over more aggressive policing of social-media platforms.

Juul Halts Online Sales of Some Flavored E-Cigarettes
Juul is halting online sales of its sweet and fruity e-cigarette refill pods as federal regulators prepare to pull most nicotine vaping products off the market in response to a surge in teen vaping.

Fed Eyes Another Rate Cut, Weighs When to Stop
Federal Reserve officials are heading into their meeting in two weeks likely to cut interest rates while debating whether they?ve done enough for now to vaccinate the economy against growing risks of a sharper slowdown.

House Republican Asks for Details on Fed Balance-Sheet Operations
The top Republican on the House Financial Services Committee is seeking more details about the Fed?s plan to expand its asset portfolio and wants to know whether regulations played a role in recent dysfunction in short-term lending markets.