Tag: Oil

Royal Dutch Shell (RDSa.L) agreed to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint.The deal ends a 28-year partnership between Shell and Pemex, Mexico’s state-run oil company that processed up to 340,000…

Australian shares inched higher on Monday, helped by a rise in energy stocks, while investors looked to U.S. inflation data due later this week that could determine the Federal Reserve’s monetary policy stance.

Taiwan’s government on Monday nullified a decision by an island that sits close to China to mandate COVID-19 tests for all arrivals, rebuking it for not following the law even as authorities deal with a rise in domestic infections.Taiwan is dealing with a spike in cases after months of keeping the pandemic well under control,…

© Reuters. FILE PHOTO: A man carries Nigerian naira banknotes at a livestock market in Abuja, Nigeria July 29, 2020. REUTERS/Afolabi Sotunde By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s economy grew 0.5% in the first quarter, lifted by higher crude production and oil prices, the country’s statistics office said on Sunday, as activities slowly gain…

Ports on India’s eastern coast on Sunday restricted shipping activities and asked vessels to vacate anchorages ahead of a cyclonic storm expected to make landfall on Wednesday, port authorities and trade sources said.The Indian Meteorological Department (IMD) has warned that a “very severe cyclonic storm” would impact Indian states including Odisha and West Bengal, where…

Mike Levitt’s nursing homes have experienced a difficult 14 months.Still recovering after being ravaged by the coronavirus pandemic, Levitt’s Tutera Senior Living & Health Care, which operates five facilities in the Kansas City region, suddenly finds itself at the edge of financial oblivion.Missouri lawmakers are at fault.The General Assembly adjourned earlier this month without renewing…

A remote-controlled Chinese motorised rover drove down the ramp of a landing capsule on Saturday and onto the surface of the Red Planet, making China the first nation to orbit, land and deploy a land vehicle on its inaugural mission to Mars.Zhurong, named after a mythical Chinese god of fire, drove down to the surface…

Taiwan reported another rise in domestic COVID-19 cases on Saturday, but the health minister said the trend remained stable with new infections concentrated in the northern part of the island in and around Taipei.After months of keeping the pandemic under control, Taiwan is dealing with a surge in domestic infections, and the whole island is…

U.S. factory activity gathered speed in early May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor, boosting costs for both businesses and consumers.Data firm IHS Markit said on Friday its flash U.S. manufacturing PMI increased to 61.5 in the first half of…

The Bank of England set out plans on Friday to use its 20 billion pounds ($28.4 billion) of corporate bond holdings to nudge companies to cut greenhouse gas emissions faster, part of a wider government strategy to achieve net-zero emissions.