Headlines

Oil prices slipped more than 1% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran. Brent crude futures fell $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT while US West Texas Intermediate crude was at $102.56 a barrel, down $1.56, or 1.50%. Brent ended October at its highest level in six months amid concerns that the US-Iran conflict could escalate again after Tuesday's US midterm [Read more]

The United States ordered non-emergency government employees and their family members to leave Saudi Arabia effective October 23 due to safety risks, the US embassy in Riyadh said on Friday, citing Houthi attacks on civilian airports and other critical infrastructure. US government employees require special authorisation to use Saudi airports following recent missile and drone attacks, the embassy said, warning US citizens of potential further attacks, airspace closures, flight cancellations [Read more]

US crude oil output rose in August, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly report on Friday. US crude oil production rose 19,000 barrels per day in August to 13.965 million bpd, compared with the EIA's revised July figure of 13.946 million bpd. Meanwhile, total oil demand was down 2.9% or 618,000 bpd versus last year, at 20.595 million bpd. New Mexico crude production hit a monthly [Read more]

MONTREAL - Canadian National Railway Co. saw profits perk up last quarter as the country's largest railroad operator rode a surge in grain and fuel shipments amid Canada's more "positive" investment milieu, its CEO says. The Montreal-based company on Friday reported a six per cent year-over-year jump in third-quarter net income to $1.21 billion. Revenues rose 14.5 per cent to $4.77 billion, though some of the extra cash went to cover fuel costs, which leaped 56 per cent from the same [Read more]