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United Kingdom

Laila Kearney

Fire-damaged Philadelphia oil refinery heads for auction

17 Jan 2020

NEW YORK, Jan 17 The fate of the largest East Coast oil refinery is set to be decided on Friday in an auction that could determine whether the Philadelphia plant is restarted or used for a different purpose for the first time in over a century.

Oil steadies as market ponders Iran's next move

06 Jan 2020

NEW YORK Oil prices steadied on Monday after Brent touched above $70 a barrel on rhetoric from the United States, Iran and Iraq that fanned tensions in the Middle East after a U.S. air strike killed a top Iranian military commander.

Oil edges up on Mideast tensions, trade optimism

02 Jan 2020

NEW YORK Oil inched up on Thursday on rising tensions in the Middle East and signs of improving Washington-Beijing trade relations, but a strong U.S. dollar limited price gains.

Oil up 1% at highest since September on trade pact and crude supplies

26 Dec 2019

NEW YORK Oil prices were up about 1% to the highest in more than three months on Thursday, boosted by hopes that the China-U.S. trade fight would soon come to an end and by a report showing lower U.S. crude inventories.

Oil prices down but log third weekly rise on trade hopes

20 Dec 2019

NEW YORK Oil prices fell on Friday, but both benchmarks logged a third straight weekly gain amid the easing of U.S.-Chinese trade tensions, which has boosted business confidence and the outlook for global economic growth.

Oil steadies on U.S. crude inventories fall, demand hopes

18 Dec 2019

NEW YORK Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.

U.S. bankruptcy watchdog takes aim at Philly refiner's executive bonus plan

07 Dec 2019

NEW YORK A plan to pay seven executives of the bankrupt Philadelphia Energy Solutions oil refiner as much as $20 million in bonuses after the company shut its operation and laid off its workforce should be rejected, the U.S. government's bankruptcy watchdog said on Friday.

U.S. bankruptcy watchdog takes aim at Philly refiner's executive bonus plan

06 Dec 2019

NEW YORK, Dec 6 A plan to pay seven executives of the bankrupt Philadelphia Energy Solutions oil refiner as much as $20 million in bonuses after the company shut its operation and laid off its workforce should be rejected, the U.S. government's bankruptcy watchdog said on Friday.

Oil little changed despite OPEC+ plan to deepen cuts

05 Dec 2019

NEW YORK Oil futures were steady to slightly firmer on Thursday despite OPEC and its allies planning one of the deepest output cuts this decade to prevent oversupply.

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