Sources say Exxon Mobil has put its Torrance, Calif. refinery on the block, due to the state's tough environmental standards.» Read More
SINGAPORE, Sept 11- Brent crude dropped below $98 a barrel on Thursday, falling for the sixth straight session, as worries about ample supply and weak demand, which have dragged prices to 17- month lows, outweighed geopolitical concerns in the Middle East.
The US and EU plan to stop billions of dollars in oil exploration in Russia by energy companies including Exxon Mobil and BP.
SINGAPORE, Sept 11- Brent crude stayed above $98 a barrel on Thursday, amid geopolitical concerns in the Middle East, although worries about ample supply and weak demand that dragged prices to 17- month lows in the previous session kept a lid on gains.
*OPEC predicts 1 million bpd supply surplus in 2015. *WTI could drop to $85 a barrel- Ayers Alliance. An escalation in the United States' campaign against Islamic State militants with plans for air strikes for the first time in Syria and more attacks in Iraq have raised fears of reprisals, said Tony Nunan, oil risk manager at Japan's Mitsubishi Corp..
SINGAPORE Sept 11- U.S. crude futures held near a 16- month low below $92 a barrel on Thursday, after falling sharply in the previous session on lower OPEC demand forecasts and a jump in U.S. refined product stocks. *U.S. crude for October delivery edged up 11 cents to $91.78 as of 0036 GMT after falling $1.08 to settle at $91.67 a barrel in the previous session.
BP PLC rose $1.37 or 3.0 percent, to $46.52. ConocoPhillips rose$. 03 or percent, to $78.99. Exxon Mobil Corp. fell$. 58 or. 6 percent, to $96.81.
Some of Wednesday's midday movers:
BP PLC rose$. 93 or 2.1 percent, to $46.08. ConocoPhillips fell$. 65 or. 8 percent, to $78.31. Exxon Mobil Corp. fell $1.05 or 1.1 percent, to $96.34.
NEW YORK, Sept 10- U.S. stocks edged higher at midday on Wednesday as a rebound in Apple's stock offset declines in energy shares. It continues to be an underweight name for most institutional investors, "said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Exxon Mobil fell 1 percent.
The 10 S&P 500 firms with the least cash, cash equivalents and investments have outperformed the market and the richest companies. USA Today reports.
NEW YORK, Sept 10- Energy shares led declines on the benchmark S&P 500 index for a second session this week, as crude oil prices eased. The S&P 500 energy index fell 1.1 percent on Wednesday, with shares of Chevron shedding 1.4 percent and shares of Exxon Mobil dropping 1.2 percent- the biggest drags on the S&P 500 and the Dow. The NYSE Arca Oil& Gas index fell 1.1 percent.
BP PLC rose$. 76 or 1.7 percent, to $45.91. ConocoPhillips fell $1.01 or 1.3 percent, to $77.95. Exxon Mobil Corp. fell $1.14 or 1.2 percent, to $96.25.
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
BP PLC fell$. 18 or. 4 percent, to $45.15. ConocoPhillips fell$. 07 or. 1 percent, to $78.96. Exxon Mobil Corp. fell$. 38 or. 4 percent, to $97.39.
NEW YORK, Sept 9- Venezuela's state-run oil company PDVSA is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.
NEW YORK, Sept 9- Apple shares were up 0.7 percent in heavy volume on Tuesday ahead of the iPhone maker's "special event" in California, where it is expected to debut a smartwatch. Apple is the largest corporation in world, with a market capitalization of about $619 billion, well above the next biggest, Exxon Mobil, which has a market cap of $417 billion.
BP PLC fell$. 20 or. 4 percent, to $45.13. ConocoPhillips rose$. 26 or. 3 percent, to $79.29. Exxon Mobil Corp. fell$. 37 or. 4 percent, to $97.40.
DUBAI, Sept 9- Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears about Islamist militia control in northern oil fields.
SYDNEY, Sept 9- The U.S. dollar held on to broad-based gains in Asia on Tuesday in a boon for shares of Japanese exporters but a burden for oil, gold and stocks in the energy majors. A break there would put it on ground last trod in July 2008.
SYDNEY, Sept 9- The U.S. dollar was holding broad-based gains in Asia on Tuesday in a boon for shares of Japanese exporters but a burden for oil, gold and stocks in the energy majors. According to Nomura Securities, a fall of 1 yen against the dollar boosts aggregate operating profits at Topix firms by 300 billion yen.