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DUBLIN (Reuters) – Aircraft lessor SMBC Aviation Capital has settled Irish lawsuits against more insurers over jets stranded in Russia following Western sanctions in 2022, a company spokesperson said on Friday. SMBC has discontinued proceedings against “certain insurers”, including Fidelis, the spokesperson said in an email. The Irish Times on Friday reported that SMBC had …

SMBC settles with more insurers in lawsuit over stranded Russian jets Read More »

By Georgina McCartney HOUSTON (Reuters) – Oil prices will likely slip this year, the director of North Dakota’s state oil regulator predicted, amid uncertainty surrounding U.S. President Donald Trump’s tariffs on neighboring Canada and Mexico. North Dakota is the third-largest oil producing state in the U.S. U.S. crude futures have been trading below $70 a …

North Dakota oil regulator expects lower oil prices this year amid Trump tariff uncertainty Read More »

(Reuters) – Yahoo has signed a deal to sell its 20-year-old technology news website, TechCrunch, to media investment firm Regent, the companies said on Friday. TechCrunch, a popular online platform providing news and analysis on global tech companies, startups and entrepreneurs, was among the media assets of Verizon Communications, including Yahoo. In 2021, private equity …

Yahoo strikes deal to sell TechCrunch to investment firm Read More »

By Shariq Khan NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2%, to settle at $72.16 a barrel. U.S. …

Oil prices rise for second consecutive week on expected tighter supply Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged up against the euro on Friday, on pace for its first weekly gain this month, as investors booked profits from the euro’s recent advance ahead of the April 2 deadline for reciprocal U.S. tariffs. The euro was 0.3% lower at $1.08223, on pace to finish …

Dollar ends week higher versus euro as traders book gains Read More »

(Reuters) -U.S. President Donald Trump’s administration is considering a plan to extend Chevron’s license to pump oil in Venezuela by at least 60 days, according to two people familiar with the matter. The administration had announced in February that it would scrap the U.S. company’s license to operate in Venezuela, and gave it until early …

Trump weighs extending Chevron’s license for Venezuela operations, sources say Read More »

By Michael S. Derby (Reuters) -New York Federal Reserve President John Williams said on Friday the U.S. central bank’s monetary policy is in the right place given the myriad uncertainties facing the economy, noting that there’s no urgency to make any changes to interest rates. “Modestly restrictive” monetary policy “is entirely appropriate given the solid …

Fed officials back cautious policy approach in light of economic uncertainty Read More »

By Scott DiSavino (Reuters) -U.S. natural gas futures held near a three-week low on Friday on record output and forecasts for milder weather and lower heating demand than previously expected through early April. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 0.5 cent, or 0.1%, to settle at $3.980 per …

US natgas prices hold near 3-week low on record output, mild weather Read More »

By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 593 in the …

US oil and gas rigs rise for first time in three weeks, Baker Hughes says Read More »