Interest Rates News Results

  • U.S. Oil Inventories Fall as Refineries Restart After Hurricane

    U.S. oil inventories fell last week and gasoline supplies climbed as refineries boosted activity following Hurricane Ida-caused outages, according to data released Wednesday by the Energy Information Administration. Benchmark U.S. oil prices that were higher before the mixed-to-bullish report came out held on to most of those gains afterward. The Nymex front-month crude contract for November delivery was recently up 1.5% at $71.56 a barrel.

  • Shell Offshore Facilities Damaged by Hurricane Ida, Will Remain Offline for 2021

    Royal Dutch Shell PLC (RDS/A) said Monday that Hurricane Ida caused significant structural damage to its West-Delta-143 offshore facilities in the Gulf of Mexico, which are set to remain offline for the rest of the year. The Anglo-Dutch energy company said that the WD-143 facilities--which it owns a 71.5% stake in, with the remainder owned by BP Exploration& Production Inc.--were damaged by the destructive Category 4 hurricane that raged from Aug. 26 to Sept. 4.. The "A" platform...

  • Hurricane Energy to Repurchase $78.0 Million of Bonds Due in 2022

    Hurricane Energy PLC (HRCXF) said Friday that it has agreed to buy back $78.0 million of its outstanding bonds maturing in 2022.. The oil-and-gas company, which had offered to purchase $230.0 million of convertible bonds, said the purchase price will be 78% of the principal amount. Chief Executive Antony Maris said Hurricane was able to buy back more than 33% of its outstanding bonds, reducing the par value of bonds held by third parties to $152 million and utilizing $62 million of net free...

Search News

Filter Results

Publication Date

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.