Rocket hits site of foreign oil firms in Iraq’s Basra, three hurt

BASRA, Iraq (Reuters) – A rocket struck the site of the residential and operations headquarters of several global major oil companies, including U.S. giant ExxonMobil, near Iraq’s southern city... Read more »

Volkswagen aims to boost in-house software development to 60% by 2025

FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo BERLIN (Reuters) – Volkswagen said... Read more »

Taiwan’s CPC sees little impact after tanker attacked in Middle East

* Company sees little impact from tanker attack * Cargo estimated to cost about $34 mln -official * CPC expects loss of about $250,000 – official TAIPEI, June 14... Read more »

Mexican oil regulator cancels October auctions to pick Pemex partners

FILE PHOTO: The Pemex logo is seen at its headquarters in Mexico City, Mexico March 12, 2018. REUTERS/Carlos Jasso MEXICO CITY (Reuters) – Mexico’s oil regulator announced on Thursday... Read more »

U.N. chief condemns tanker attacks, says facts must be established

U.N. Secretary-General Antonio Guterres attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019. REUTERS/Maxim Shemetov UNITED NATIONS (Reuters) – United Nations Secretary-General Antonio... Read more »

Two oil tankers struck in suspected attacks in Gulf of Oman: shipping firms

DUBAI (Reuters) – Two oil tankers were hit in suspected attacks in the Gulf of Oman, shipping firms and industry sources said on Thursday, sending oil prices as much... Read more »

GLOBAL MARKETS-Hong Kong leads Asian stocks lower, oil fragile at 5-month lows

* HK shares down sharply for second day after big street protests * Soft oil prices bolster expectations of Fed rate cuts * Bond yields plunge; Japan at 3-year... Read more »

GLOBAL MARKETS-Stocks climb with bond yields on trade optimism

(Updates to U.S. trading close, adds commentary) * Global index rises after U.S. ditches Mexico tariffs * Mexican peso on track for biggest daily gain since July 2018 *... Read more »

GLOBAL MARKETS-U.S. stock futures, Mexico peso gain on U.S.-Mexico deal

* S&P futures up 0.6%, Mexico peso up 1.6% * Weak U.S. payrolls data bolster Fed rate cut expectations * U.S. money market futures price in 2 rate cuts... Read more »

Iran has no plans to leave OPEC despite tensions: oil minister

FILE PHOTO: Iran’s Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader GENEVA (Reuters) – Iran... Read more »