The Colorado Oil and Gas Conservation Commission is scaling back a proposed mill levy increase on oil and gas companies after revising its projections of commodity prices and production upward. The COGCC said Friday that it will consider raising the levy to 1.5 mills from 1.1 mills. The original proposal was an increase to 1.7 […]

(Reuters) – Oil major Chevron Corp (CVX.N) expects to reduce the dominance of white males in company management during cost-cutting this year, upping the share of senior level jobs held by women and ethnic minorities to 44% from 38% last year, the company said in a statement. Like most of its peers in an industry […]

KUALA LUMPUR (Reuters) – Malaysia on Friday said U.S. investment bank Goldman Sachs has agreed to a $3.9 billion settlement with the government over the multi-billion dollar 1MDB scandal. The deal includes a $2.5 billion cash payout by Goldman and a guarantee by the bank to return at least $1.4 billion in assets linked to […]

CHICAGO (Reuters) – Two of Boeing Co’s (BA.N) biggest commercial airline customers said on Thursday they are still committed to the 737 MAX despite delays in its return to flight and the coronavirus pandemic, though the head of Southwest Airlines (LUV.N) said contracts need to be “completely reset.” Boeing is behind on hundreds of 737 […]

(Reuters) – Wall Street’s main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, […]

LONDON (Reuters) – European stocks rose on Thursday as better-than-expected corporate earnings offset worries about rising cases of COVID-19 and a sharp escalation in tensions between the United States and China. Shares rallied to their strongest levels since February this week – in many countries erasing their entire slump in March when the coronavirus pandemic […]

SINGAPORE (Reuters) – Oil prices lost more ground on Thursday, with the market weighed down by a surprise increase in U.S. crude oil reserves as the coronavirus pandemic hits fuel consumption. U.S. crude and distillate inventories rose unexpectedly and fuel demand slipped in the most recent week, the Energy Information Administration said on Wednesday, as […]

(Reuters) – J.C. Penney Co Inc said on Monday certain lenders had agreed to accept a business plan on certain conditions as the department-store operator looks to emerge from bankruptcy protection. Plano, Texas-based Penney has until July 31 to meet the conditions, according to a regulatory filing. It has also agreed to various changes to […]

LONDON/SINGAPORE (Reuters) – The euro traded at an 18-month high on Wednesday as financial markets continued to bask in the afterglow of the EU recovery fund agreement deal, while a precious metals boom took silver’s recent gains to 20% and gold to a nine-year high. News from China that the United States had told it […]

SINGAPORE (Reuters) – London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter. AIPL, whose businesses span palm oil and coal, is undergoing a court-appointed restructuring after it collapsed earlier […]