Market News

U.S. crude oil floods into Italy as Libyan supplies falter

Italy's imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the OPEC country, a key supplier to Europe, according to Thomson Reuters trade flow data and shipping intelligence firm Kpler.

UPDATE 1-Texas power use to keep hitting records during heat wave -ERCOT

Homes and businesses in Texas used record amounts of power for a second straight day on Thursday and are expected to use even more in coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state's power grid.

U.S., European allies map out larger role for F-35 fighter

Lockheed Martin's F-35 fighter jet is arriving in growing numbers in Europe, and is poised to play a much broader role in missile defence and other warfare plans than conventional fighters, according to U.S. and European officials.

Esterline Technologies exploring potential sale -WSJ

Aerospace parts maker Esterline Technologies Corp is exploring a potential sale, Wall Street Journal reported on Friday, citing people familiar with the matter.