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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Oil falls as US rate hike expectations offset tight supply outlook

1 min read

Oil prices dipped Thursday after the greatest monthly decline in the previous session as U.S. interest rate hike forecasts countered crude storage drawdowns. By 0809 GMT, Brent November futures fell 97 cents, or 1.04%, to $92.56 a barrel. WTI slid 97 cents, or 1.08%, to $88.69, its lowest level since Sept. 14. Thursday’s trading saw...  Read more

An Australian tribunal pushes Chevron and LNG unions to resolve wage fight

3 min read

On Thursday, Australia’s industrial arbitration offered procedures to Chevron (CVX.N) and unions to resolve a long-running dispute over wages and conditions at two liquefied natural gas (LNG) projects. These strikes have roiled world gas markets and have caused significant disruption. The Fair Work Commission (FWC), which has the jurisdiction to impose a settlement, stated that...  Read more