Crude Prices Diverge After Irma Lands
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Oil prices oscillated Monday morning, with U.S. crude recovering a fraction of its losses from the last session and Brent trending downwards.
Hurricanes Add to Problems for Oil Bulls
The havoc wreaked by major summer storms stands to deepen a global crude-supply glut that has depressed oil prices. By paralyzing giant sections of the South, the storms will dent energy demand even as production continues and crude in storage is abundant.
Irma Knocks Out Power to Millions of Customers in Florida
Close to five million customers were without electricity in Florida, according to outage maps from the state's utilities, which were warning that some people may not regain power for weeks.
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GasBuddy App Scores Big During Florida Fuel Shortage
Hurricane Irma is becoming a defining moment for 17-year-old GasBuddy, as desperate drivers trying to leave Florida ahead of the storm are counting on the firm's real-time data to locate gas stations that haven't been depleted.
Struggling Venezuela Asks Russia to Restructure Its Debt
Russia said Venezuela has asked to restructure its debt, underscoring the Latin American country's financial woes and its reliance on the Kremlin.
Glencore, Qatar Sell 14% Stake in Rosneft to Chinese Energy Company
Glencore and Qatar have agreed to sell the bulk of their nearly 20% stake in Russian state-controlled oil giant Rosneft to a Chinese energy company in a deal worth about $9 billion.
U.S. Oil-Rig Count Falls by Three
The number of rigs drilling for oil in the U.S. fell by three in the past week to 756, according to oil-field services company Baker Hughes, a unit of General Electric.
Trustee: Exide Colluding With Insurers to Avoid Toxic Damages
A Vernon, Calif., lead-acid battery recycling plant shut down years ago due to toxic emissions, is a continuing trouble spot for community residents, regulators and Exide Technologies, its former operator.
Trump Offers to Mediate Dispute Between Qatar and Arab Neighbors
President Donald Trump said he would be willing to serve as a mediator between Qatar and Arab countries that accuse it of supporting terrorism, amplifying his administration's effort to end a stalemate.
Thousands Evacuate as Irma Churns Toward U.S.
Authorities ordered more than 650,000 people to evacuate the Miami area as Hurricane Irma churned toward a possible collision with the mainland U.S. and killed at least 11 people in the Caribbean.
(END) Dow Jones Newswires
September 11, 2017 07:15 ET (11:15 GMT)