Business

The battle on oil prices is being won, claims Opec

The battle on oil prices is being won, claims Opec

Saudi Arabia and Russian Federation, he said, are leading the initiative to bring in more producers. According to a Petroleum Ministry release here, the issue came up in the talks between Pradhan and the Organization of the Petroleum Exporting Countries (OPEC) Secretary General Sanusi Mohammad Barkindo , who is in India to attend the first CERAWEEK India Energy Forum .


Wood Group completes £2.2bn Amec takeover

Wood Group completes £2.2bn Amec takeover

Buying AFW UK, which offers engineering and construction services on the United Kingdom continental shelf, will accelerate WorleyParsons' efforts to build a global business offering maintenance, modifications and operations. In 2016, Amec's North Sea business contributed revenues of £740m and a trading profit of £43m. Lewis has served as chief executive of Amec for the past year and has left following the completion of the United Kingdom oil services company's takeover by John Wood Group ...


US Seeks More in Penalties from Bombardier

US Seeks More in Penalties from Bombardier

Commerce proposes trade duties and suggests penalties in individual cases, but the separate International Trade Commission conducts hearings on trade-violation cases and rules on the validity of the claims. To win its case before the ITC, Boeing must prove it was harmed by Bombardier's sales, despite not using one of its own jets to compete for the Delta order.



Devon Energy Corp (NYSE:DVN) Institutional Investor Positioning

JP Morgan upgraded the stock to "Overweight" rating in Wednesday, September 21 report. 0 analysts gave its stock an Outperform rating. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company.


McDonald's latest menu item: the McVegan-yes, seriously

McDonald's latest menu item: the McVegan-yes, seriously

The McVegan (that's what they're calling it) is a soy-based burger in a regular bun with all of the usual trimmings as well as "vegan McFeast sauce", according to Metro . There are already calls on social media for the burger to be brought to Australian outlets. McDonald's has introduced the "McVegan" burger Wednesday, but customers won't be able to find it just anywhere.



Magellan Midstream Partners LP (MMP) Receives Consensus Recommendation of "Hold" from Analysts

The Travelers Companies Inc holds 704,900 shares with $50.24 million value, down from 818,100 last quarter. Summit Midstream Partners, had a return on equity of 3.55% and a net margin of 5.78%. Sumitomo Mitsui Tru Holding holds 19,000 shares or 0% of its portfolio. Us Bank De invested in 0.01% or 23,622 shares. California Pub Employees Retirement System reported 620,539 shares.