Tags: North Sea
US-Flagged Tanker and Cargo Ship Collide in North Sea, Triggering Massive Fire
A US-flagged tanker and a cargo ship collided in the North Sea, causing explosions, fires, and a fuel spill off England's coast.
Nicola Sturgeon Acknowledges Scotland's Economy Challenges, Said The Country Remains Fundamentally Strong After £15 Billion Deficit
Scottish First Prime Minister Nicola Sturgeon said in an interview that the country’s economy remains strong even amid challenges that she acknowledges. She expects that the huge deficit would be manageable after separation.
Big oil options trades revive speculation about producer hedging
Two big trades in oil options worth nearly $60 million last week boosted volatility in that market and revived speculation among traders that U.S. producers are placing hedges to guard against another price rout this fall.
Oil hits 2015 highs as Libya output slows, Saudis raise prices
Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices.