Tag: Crude oil markets
US stocks open lower, pulling further back from records
Stocks are opening broadly lower on Wall Street, pulling major indexes a bit further below the record highs they marked at the beginning of...
OPEC and allies expected to gradually increase output
FRANKFURT, Germany — Members of the OPEC oil cartel and allied producing countries are juggling conflicting pressures in global oil markets as they establish...
US sells off Iranian crude oil seized off coast of UAE
DUBAI, United Arab Emirates — The U.S. has sold some 2 million barrels of Iranian crude oil after seizing an oil tanker off the...
Exxon posts $2.7B quarterly profit after unprecedented year
NEW YORK — Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.
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