Phase 1 commodity targets likely more than China can chew: analysts

BEIJING/SINGAPORE (Reuters) – Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under... Read more »

Trump sees many options short of war with Iran after attacks on Saudis

LOS ANGELES/JEDDAH (Reuters) – U.S. President Donald Trump said on Wednesday there were many options short of war with Iran after U.S. ally Saudi Arabia displayed remnants of drones... Read more »

Trump says there are many options short of war with Iran after attacks on Saudis

LOS ANGELES/JEDDAH (Reuters) – U.S. President Donald Trump said on Wednesday there were many options short of war with Iran after U.S. ally Saudi Arabia displayed remnants of drones... Read more »

Trump says he does not want war after attack on Saudi oil facilities

WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump said on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not... Read more »

MIDEAST STOCKS-Saudi stocks fall as Almarai disappoints, Kuwait extends gains

* Saudi falls 0.4%, Almarai drops 2.5% after Q2 result * Kuwait rises for a seventh day * Banks weigh on Qatar index * Real estate, banks weigh on... Read more »

Unit at Philadelphia refinery completely destroyed in fire: sources

(Reuters) – The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of... Read more »

Explainer: Philadelphia refinery blast puts new spotlight on toxic chemical

(Reuters) – Massive explosions that engulfed a Philadelphia refinery in flames on Friday have renewed concerns about the oil industry’s use of a highly toxic chemical to make high-octane... Read more »

Fire ‘like a nuclear bomb’ rips through Philadelphia refinery

(Reuters) – Firefighters are battling a massive fire at Philadelphia Energy Solutions’ refinery in Philadelphia that has resulted in several explosions but caused no significant injuries, the company 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 »

Exxon Mobil’s first-quarter profit misses estimates on lower oil, gas prices

(Reuters) – Exxon Mobil Corp on Friday reported a 49 percent fall in first-quarter profit that missed forecasts due to lower oil and gas prices and weakness across its... Read more »