Business

US Fed ties rate hike to economic rebound

US Fed ties rate hike to economic rebound

The U.S. dollar index , which measures the greenback's strength against a trade-weighted basket of six major currencies , was up 0.09% at 97.24. The output cut will be performed by the majority of OPEC member and also by participating non-OPEC member, headed by one of the top oil producer, Russia.



Texas Claims Victory As OPEC Forced To Roll Over Oil Production Cuts

OPEC ministers were still meeting behind closed doors by 1100 GMT on Thursday. Khalid A. Al-Falih, Saudi Arabia's oil minister and president of the OPEC Conference, said in his opening statement Thursday that the cuts first agreed to in November were having their intended effect.



Stock Highlights on Precision Drilling Corp (NYSE:PDS)

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, PDS earned gross profit of 944.71 Million, in 2015 631.28 Million gross profit, while in 2016 Precision Drilling Corporation (PDS ) produced 344.12 Million profit.


3 workers injured in oil tank fire in northern Colorado

3 workers injured in oil tank fire in northern Colorado

Their names have not been released. "Preliminary information suggests that maintenance was possibly being performed on the site when the incident happened", a statement from the Weld County Sheriff's Office said. That explosion prompted Colorado Governor John Hickenlooper to order all oil and gas companies operating in the state to locate, inspect and cap all similar "flowlines" within 1,000 feet (305 meters) of any occupied buildings.



Ex-Greek PM Papademos hurt in vehicle blast

Former Greek Prime Minister Loukas Papadimos was injured in an explosion in Athens , according to Greek media. Papademos served as an interim prime minister from November 2011 to May 2012. The economist previously served as vice-president of the European Central Bank and governor of the Bank of Greece. Reports say the blast may have been caused by a letter bomb.


Private Firm Launches Rocket From New Zealand

Private Firm Launches Rocket From New Zealand

The Electron is Rocket Lab's first two-phase, orbital-class rocket created to carry smaller payloads into space - a market, so to speak, which the relatively young space company wants to capitalize on. Rocket Lab's Electron rocket is unusual in many respects. "We need projects like Electron to make this goal a reality", said Tata Nardini. Rocket Lab are not aiming to take traditional satellites to space, instead they want to help send up small devices that travel in swarms or constellations.