Houston-based Kirby Corp., the country's largest operator of tank barges, reported rising profits as it cut its manufacturing workforce by up to 40 percent due to a slowdown in oilfield activity.
A brand new rule that units a a lot decrease world restrict on sulfur content material in marine gas is on the horizon, resulting in greater delivery prices which will in the end drive customers to pay extra for items and to warmth their houses.
The Greenbrier Companies, Inc. (GBRX) reported financial results for its fourth fiscal quarter and year ended August 31, 2019. The former includes record revenue of $914.2 million; the latter, record revenue of $3 billion and a record new railcar delivery total of 23,400 units for the year.
Oil futures moved higher on Thursday, settling at a nearly one-month high, finding continued support from an unexpected weekly decline in U.S. crude supplies as global producers looked to rein in output.
The U.S. shale boom is at a tipping point as it struggles to profit amid weaker oil prices, but the industry is leaving tens of billions of dollars in the ground each year with wells that aren’t nearly efficient enough, according to a new report released Wednesday after examining the results of 80,000 shale wells.
Saudi Arabia needs about $13 billion (Dh47.7bn) in private sector investment to fully exploit the potential of the kingdom's $1.3 trillion worth of mineral endowments, a new report has said. The study into the country's mining sector by the US-Saudi Business Council describes the outlook for the sector as "very favourable", citing government initiatives to encourage investment.
