According to a report, Vanguard joined other fund investors voting against Exxon Mobil on climate change.
*OPEC oil output rose in May, 1st monthly increase this year. *Russia's May oil output in line with OPEC deal- sources. Output from the Organization of the Petroleum Exporting Countries rose in May, the first monthly increase this year, a Reuters survey found, as higher supply from two OPEC states exempt from a production-cutting deal, Nigeria and Libya, offset...
CNBC's Jackie DeAngelis discusses crude oil's 2.5-week low from the commodities desk with the "Futures Now" traders.
TORONTO, May 31- Canada's main stock index fell on Wednesday in broad declines, with a slump in oil prices dragging energy stocks lower. At 11:57 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index shed 81.59 points, or 0.53 percent, to 15,290.76. Asanko Gold Inc shares fell 13.2 percent to C $2.19 before being halted after short-selling firm Muddy...
*Russia's May oil output in line with OPEC deal- sources. LONDON, May 31- Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fueling concerns that OPEC- led output cuts to reduce global inventories were being undermined by producers outside the deal. "Unless some bullish news stops this, prices...
Canada's gross domestic product grew at an annualized 3.7 percent pace, slightly below economists' expectations for 3.9 percent, though growth in both the third and fourth quarters of 2016 was revised upward. "If we continue to get growth numbers like this... it's going to be tougher for the Bank of Canada to avoid rate hikes at some point in the distance," said Derek...
*Russia's May oil output in line with OPEC deal- sources. LONDON, May 31- Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fuelling concerns that OPEC- led output cuts to reduce global inventories were being undermined by producers outside the deal. "Unless some bullish news stops this,...
LONDON, May 31- U.S. exploration and production companies have hired an extra 400 rigs to target oil-bearing formations since the end of May 2016, according to oilfield services company Baker Hughes. The active rig count is likely to peak in June or July unless the price of benchmark West Texas Intermediate crude starts rising again above $50 per barrel.
Exxon shareholders approved a proposal calling for the company to disclose the impact on its business of climate change guidelines.
Daragh McDowell, principal Russia analyst at Verisk Maplecroft, says that there is not a huge amount of reform in Russia to stabilize the country's economic footing.
Christopher Granville, managing director, EMEA & global political research at TS Lombard, takes a look at the current state of the Russian economy, and the uncertainties that lie ahead.
As Russia's economy show signs of improving, its finance ministry remains positive on the outlook yet doesn't expect to let its guard down just yet.
Following the news of an extension to OPEC's output cut, Russia Finance Minister Anton Siluanov comments on the opportunities and possible challenges that lie ahead for the industry and Russia's finance ministry.
Oil prices fell on Wednesday on news that Libyan output was recovering from a technical issue at an oilfield.
Moody’s raised the outlook for Singapore banks to stable from negative on Wednesday, citing stabilizing commodity prices and improving growth conditions.
Breaking down whether the crude crush will continue with "Fast Money" trader Dan Nathan.
Tom Lee, Fundstrat Global Advisors Founder, discusses oil, bank and FANG stocks. The “Fast Money” traders weigh in.
Oil hovers below $50 after last week's OPEC meeting. Does this mean more pain for crude? CNBC's Jackie DeAngelis reports the latest while the “Fast Money” traders weigh in.
Global demand for electric vehicles will surge during the next few decades, but gasoline is probably not going away soon, said a new research note from Morgan Stanley analyst Adam Jonas.
Goldman's purchase of Venezuelan bonds is a problem optically and ethically, a former managing director at the firm told CNBC on Tuesday.