China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before."The tariff cuts agreed under the U.S.
Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran.Brent futures LCOc1 fell nearly $4, or 3.96%, to $96.70 a barrel at 0946 GMT
Brent crude futures jumped as much as 3% on Friday, a day after the U.S. and Iran traded air strikes, with traders fretting over the future of the cease-fire and shipping in the Strait of Hormuz.Brent crude futures was at $101.47 a barrel, up $1.41 or 1.41% by 10:51 CDT (1551 GMT), after rising as much as 3% earlier in the session. U.S. West Texas Intermediate (WTI) futures was at $95.
Oil prices rose sharply on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, fuelling concerns of a prolonged conflict and potential disruptions to oil flows through the Strait of Hormuz.Brent futures LCOc1 climbed $5.95, or 6.47%, to $97.93 a barrel at 0915 GMT, having hit $100 per barrel in earlier trading, while U.S.
Oil prices climbed about 3% to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the U.S. decides to attack Iran, one of the biggest crude producers in OPEC.Brent futures rose $2.10, or 3.1%, to $70.50 a barrel by 11:07 a.m. EST (1607 GMT), while U.S. West Texas Intermediate (WTI) gained $2.09, or 3.3%, to $65.30.
HII’s Ingalls Shipbuilding division has delivered Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. This marks the second Flight III Arleigh Burke-class destroyer to be delivered by Ingalls shipbuilders.“The delivery of Ted Stevens reflects the strong momentum of our destroyer program as we accelerate Flight III production and bring enhanced capabilities to the
MODEC has signed a co-operation agreement with Africa Finance Corporation (AFC), Africa’s major infrastructure solutions provider, to collaborate on floating production, storage, and offloading (FPSO) projects as well as other maritime infrastructure projects in Africa.MODEC has extensive African experience, having delivered 11 FPSOs/FSOs/MOPU/TLPs in West Africa in the past.
Oil prices fell below $60 a barrel on Tuesday, the lowest since May, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased.Brent crude futures fell $1.03, or around 1.7%, to $59.53 a barrel at 1340 GMT, while U.S. West Texas Intermediate crude was trading at $55.76, down $1.06, or 1.9%.
Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday, public documents seen by Reuters show.The resulting new firm, to be called Saipem7, would have a strong enough position to impose additional costs