Bill Killeen, CEO of Acrow Bridge, a leading international bridge engineering and supply company, was recently reappointed to the 2019-2021 term of the President’s Advisory Council on Doing Business in Africa by U.S. Secretary of Commerce Wilbur Ross.
Oil futures moved sharply lower Tuesday afternoon as comments from U.S. Secretary of State Mike Pompeo eased worries about supply risks tied to Iran. Pompeo said Iran is ready to negotiate on the missile program, according to Bloomberg.
Oil prices turned lower on Tuesday, falling by about $1 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast. Brent crude futures fell $1.01 a barrel to $65.47 by 1:04 p.m. EDT. West Texas Intermediate crude futures fell by $1.11 a barrel to $58.47. The U.S. benchmark hit a session high of $60.06 earlier.
Saudi Arabia's stock market rose for a
sixth day with banks leading the rally on the back of a positive
earnings outlook, while most other Gulf bourses fell back as
investors await corporate ...
By Myra P. Saefong, MarketWatch, Rachel Koning Beals. Lost output from Tropical Storm Barry has been' priced in': analyst. Oil futures climbed for the week as tensions persist in the Middle East, but prices posted only a small gain for the session on Friday, with a Gulf of Mexico storm expected to cause only a brief reduction in the region's oil and natural- gas production.
* IEA forecasts global oil surplus. * Iran calls on Britain to release seized tanker. * U.S. oil drillers cut rigs for second week -Baker Hughes. By Laila Kearney. Oil prices inched up on Friday as U.S. Gulf of Mexico crude output was halved by disruptions caused by a tropical storm, but concerns over a global crude surplus in the months ahead limited gains.
South African Finance Minister Tito Mboweni said on Thursday he was considering introducing a special appropriation bill on July 23 to provide struggling state power firm Eskom with additional financial support for this year and next year.
A go-slow by workers at a major South African port is hitting exports of cars and other commodities, the country's Public Enterprises Minister Pravin Gordhan said on Thursday. State-owned rail operator Transnet said it had suspended a number of employees at its Ngqura Container Terminal for engaging in what it said was an illegal industrial action.
* Intensifying storm cuts half U.S. Gulf Coast oil output. * OPEC sees lower 2020 demand for its oil, points to surplus. * British tanker incident highlights Middle East tensions. By Stephanie Kelly.
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