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Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.
BP PLC fell$. 30 or. 6 percent, to $45.94. ConocoPhillips fell$. 93 or 1.2 percent, to $78.45. Exxon Mobil Corp. fell $1.25 or 1.3 percent, to $95.78.
The state is pursuing the mega-project with the North Slope's three major players, Exxon Mobil Corp., BP and ConocoPhillips; pipeline company TransCanada Corp.; and the Alaska Gasline Development Corp..
WASHINGTON— Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects.
WASHINGTON, Sept 12- The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March.
BP PLC fell$. 38 or. 8 percent, to $45.86. ConocoPhillips fell$. 95 or 1.2 percent, to $78.43. Exxon Mobil Corp. fell $1.05 or 1.1 percent, to $95.98.
European shares were mixed as investors monitored developments in Russia and Scotland, as well as eyeing an important Fed meeting next week.
BP PLC fell$. 36 or. 8 percent, to $45.88. ConocoPhillips fell$. 73 or. 9 percent, to $78.65. Exxon Mobil Corp. fell$. 78 or. 8 percent, to $96.25.
BRUSSELS— New European Union sanctions against Russia announced Friday toughen financial penalties on the country's banks, arms manufacturers and its biggest oil company, Rosneft, to punish Moscow for what the West sees as efforts to destabilize Ukraine.
KIEV, Ukraine— European leaders said Friday that they would allow Ukraine to delay putting a landmark trade deal into effect, a major concession to Russia which has repeatedly threatened retaliation if Kiev implements the measure.
BP PLC fell$. 28 or. 6 percent, to $46.24. ConocoPhillips rose$. 39 or. 5 percent, to $79.38. Exxon Mobil Corp. rose$. 22 or. 2 percent, to $97.03.
WASHINGTON, Sept 11- The United States will take new steps on Friday to limit the access of major Russian banks, including Sberbank, to U.S. debt and equity markets to punish Russia for its intervention in Ukraine, sources familiar with the matter said.
BP PLC fell$. 24 or. 5 percent, to $46.28. ConocoPhillips rose$. 01 or percent, to $79.00. Exxon Mobil Corp. fell$. 19 or. 2 percent, to $96.62.
Treasuries slipped on Thursday for the first time in four days after the outlook for sustained U.S. military involvement in Iraq and Syria and new planned sanctions against Russia drove modest safe-haven bids.
BP PLC fell$. 43 or. 9 percent, to $46.09. ConocoPhillips fell$. 41 or. 5 percent, to $78.58. Exxon Mobil Corp. fell$. 21 or. 2 percent, to $96.60.
EDINBURGH, Sept 11- Three British banks said they would relocate to London if Scotland were to break away from the United Kingdom, a setback for supporters of independence with the vote just a week away.
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..