Business


OPEC Oil Cut Extension Renews Asia's Crude Supply Worries

Concerns remain that OPEC-led production cuts will support a further rise in output from the United States, where producers can operate at much lower costs. "It will have more benefit in 9 months and we think it is a period that will have more stability in the market", Press TV quoted Iraqi Petroleum Minister Jabbar Ali Hussein Al-Luiebi as telling reporters following the OPEC meeting here.



OPEC extends oil cuts for nine months

Libya and Nigeria , which have boosted output since the curbs started in January, will continue to be exempt from production cuts, he said. OPEC oil ministers discussed the developments on Thursday in Vienna , Austria. The oversupply of oil in the market should not persist past the third quarter as inventory numbers are declining and continue moving in a downward trend despite higher USA production and high levels of imports, said Patrick Morris, CEO of New York-based HAGIN Investment ...



Summit Midstream Partners LP

Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company's common stock. On Friday, May 26th, Arclight Capital Partners, Llc sold 10,990 shares of Enable Midstream Partners stock.


PIA to bring home hundreds of stranded pilgrims on Doha airport

PIA to bring home hundreds of stranded pilgrims on Doha airport

Saudi Arabia, Egypt, the United Arab Emirates and Bahrain jointly severed their diplomatic relations with Qatar that adversely affected the air transport industry. Riyadh also accused Doha of supporting Iran-backed "terrorist activities" in its east and in Bahrain. Qatar is the site of the sprawling al-Udeid Air Base, home to the forward headquarters of the USA military's Central Command.


Mallinckrodt PLC (NYSE:MNK) Institutional Investors Sentiment Index Flat in Q4 2016

Mallinckrodt PLC (NYSE:MNK) Institutional Investors Sentiment Index Flat in Q4 2016

Price targets frequently change, depending on the outlook for a company's earnings. The stock's average target of $93.80 is 119.93% above today's ($42.65) share price. The shares were purchased at an average price of $49.19 per share, for a total transaction of $29,514.00. The stock was purchased at an average price of $42.89 per share, for a total transaction of $57,901.50.


Official says Trump expected to pull U.S. from Paris deal

Official says Trump expected to pull U.S. from Paris deal

French President Emmanuel Macron spoke with Trump at length about the issue during a meeting in Brussels, and even at the Vatican, Cardinal Secretary of State Pietro Parolin made his own pro-Paris pitch to Trump and his advisers. Some northern European countries are criticizing the US for its expected withdrawal from the Paris climate accords . "He came here to learn", Trump chief economic adviser Gary Cohn said at the G-7 summit Friday.