Mitsubishi says rogue trader lost $320m on soured oil bets Financial TimesA rogue trader at Mitsubishi in Singapore has lost $320m through failed bets on the oil price in a case reminiscent of the scandal that brought down Barings ... Read more …
Oil Posts Biggest Weekly Gain in Eight Months After Saudi Attack Houston Chronicle Oil edged lower on Friday but still posted the biggest weekly gain in months, days after an attack on a key Saudi Arabian facility roiled markets. Brent rose 6.7% …
Oil Investors Watch as Saudis Scramble to Cover Post-Attack Supply Chain BloombergConcerns that tensions in the Persian Gulf would boil over were somewhat calmed when U.S. Secretary of State Mike Pompeo said President Donald Trump ... Read more …
Saudi Arabia ‘bullies’ wealthy families to pump cash into oil IPO Financial TimesSaudi Arabia is pressuring wealthy families to buy in to the initial public offering of its state oil giant, as part of a plan to achieve the $2tn valuation coveted …
Oil outlook as Saudia Arabia faces supply chain scrutiny Yahoo FinanceNew questions are surfacing over whether or not Saudi Arabia can bounce back quickly from the oil field attacks. Mona Mahajan, Allianz Global Investors U.S. ... Read more http …
South Sudan Oil Consortium Funded Militias Accused of Atrocities, Report Says The New York TimesLONDON — A South Sudanese oil consortium directly financed militias accused of committing atrocities in the country's civil war, according to an inve …
WTI Oil Price Outlook: Sharp Moves, Nasty Headlines, Levels to Know DailyFXWTI crude oil prices closed last week below the 55-level, continuing to show tendencies of the range formation that had built over the prior month. The open this ... Read …
Scientists Find Earliest Evidence of Olive Oil in Central... Olive Oil TimesEarly Celts in the French region of Burgundy imported olive oil from the Mediterranean around 500 BCE, a new study shows. The find is the earliest evidence of ... Read m …
Attacks on Saudi oilfields show the world needs to stop relying on oil: Former New Zealand prime minister CNBCLast weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relyi …
Report: Cleanup of Abandoned Oil, Gas Wells Could Cost US U.S. News & World ReportBILLINGS, Mont. (AP) — U.S. taxpayers could face potentially hundreds of millions of dollars in cleanup costs from abandoned oil and gas wells on public lands, ... …