Oil halted its advance after the biggest two-day gain since 2009 as U.S. drilling activity sustained its increase. Futures slid as much as 1.6 percent in New York, poised for a third monthly decline.
Italian energy company Eni SpA said yesterday it had discovered a "supergiant" natural gas field off Egypt, describing it as possibly one of the largest in the world.
Toshihiro Suzuki and Osamu Suzuki during a news conference in Tokyo on Aug. 30. Photographer: Akio Kon/Bloomberg. Don't Miss Out - Follow Bloomberg On.
The stock market sell-off is not the problem. Yes, the Shanghai Composite Stock Index has dropped almost 40 per cent since its June peak, but the Chinese economy has rarely been upset by fluctuations of its financial markets.
Twitter on Friday set self-imposed goals for the number of women and minorities in its workforce by the end of next year, in an effort to improve diversity.