OxyContin maker Purdue Pharma files for bankruptcy protection
OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic.
Oil prices soar 10% after attack on Saudi facilities hits global supply
Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia’s oil facilities on Saturday that cut more than 5% of global oil supply.
Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal
Dream Global Real Estate Investment Trust said funds managed by Blackstone Group Inc would buy the Canadian firm in a C$6.2 billion ($4.69 billion) deal.
Saudi attacks threaten U.S. gasoline price hikes, particularly in California
U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia’s oil facilities are on the West Coast, which accounts for nearly half of all of U.S. crude imports from the kingdom.
Oil surges, stock futures slip after attack on Saudi facility
Oil prices surged to four-month highs on Monday while Wall Street futures fell and safe-haven bets returned after weekend attacks on Saudi Arabia’s crude facilities knocked out more than 5% of global oil supply.
Trump urges GM, UAW to resolve contract dispute
U.S. President Donald Trump said Sunday that General Motors Co and the United Auto Workers union should “get together and make a deal.” Trump tweeted about five hours before the union is set launch its first nationwide strike at GM in 12 years.
Explainer: Attack on Saudi leaves world without spare oil capacity
The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months.
Oil prices surge 15% after attack on Saudi facilities hits global supply
Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5% of global oil supply.
U.S. stock futures fall after Saudi oil attacks
U.S. stock futures fell 0.3% percent when trading resumed on Sunday, a day after attacks on Saudi oil facilities that risk disrupting global energy supplies.
U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday.
