petroleum

Foxconn joint venture to build $8.8 billion LCD plant in China

A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp's plant will be a so-called Gen-10.5 facility specializing

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Foxconn joint venture to build $8.8 billion LCD plant in China

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FTC seeks more info on Bass Pro-Cabela’s deal

(Reuters) – U.S. fishing and hunting equipment retailer Cabela's Inc , which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Cabela's shares were down 7.6 percent at $56.98

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FTC seeks more info on Bass Pro-Cabela’s deal

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Oil down, but ends year with biggest gain since 2009

U.S. benchmark West Texas Intermediate (WTI) crude futures were down 5 cents, or 0.1 percent, at $53.72 a barrel, while Brent fell 3 cents, or 0.1 percent, to $56.82. Oil prices have slumped since

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Oil down, but ends year with biggest gain since 2009

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Oil prices gyrate as OPEC heavyweights head to Vienna

By Libby George LONDON (Reuters) – Oil prices gained more than one percent on Monday in volatile trading after falling as much as 2 percent, recouping the losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday. U.S. West Texas Intermediate (WTI) crude futures also …

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Oil prices gyrate as OPEC heavyweights head to Vienna

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OPEC makes last-ditch bid to save oil deal as tensions grow

OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started a meeting in Vienna at 0900 GMT (4:00 a.m. ET) and were due to make recommendations to their ministers on how exactly…

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OPEC makes last-ditch bid to save oil deal as tensions grow

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OPEC points to even bigger 2017 oil surplus as its output jumps

By Alex Lawler LONDON (Reuters) – OPEC reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group's attempt to curb supply, pointing to …

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OPEC points to even bigger 2017 oil surplus as its output jumps

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OPEC sights set for now on $50-60 per barrel oil: PIRA’s Ross

OPEC producers have their sights set on a sustained oil price of $50-$60 per barrel, a modest ambition for the first cut in supply by the oil exporting group in eight years, says one of the industry's top forecasters. Benchmark U.S. oil prices have risen around $4, or around nine percent, to over $48 per barrel since the Organization of the Petroleum Exporting Countries (OPEC) agreed last week to …

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OPEC sights set for now on $50-60 per barrel oil: PIRA’s Ross

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Iran downplays chances of oil deal, UAE keen on freeze

By Alex Lawler and Rania El Gamal ALGIERS (Reuters) – Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. Oil prices have more than halved from 2014 levels due to oversupply, prompting OPEC producers and rival Russia to seek a market rebalancing that would boost revenues from oil exports and help their crippled budgets. The …

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Iran downplays chances of oil deal, UAE keen on freeze

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Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

NEW YORK/LONDON (Reuters) – Oil settled up 3 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha which failed. The Organization of the…

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Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

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With oil price near $50, resilient U.S. shale producers eye new chapter

Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. To regain market share, the Organization

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With oil price near $50, resilient U.S. shale producers eye new chapter

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