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Chevron (CVX.N): In response to the tropical storm, production has been halted at four of Chevron's facilities in the Gulf of Mexico, and some additional personnel are being evacuated ashore. Production at the other five facilities in the Gulf of Mex

2026-10-08

Chevron (CVX.N): In response to the tropical storm, production has been halted at four of Chevron's facilities in the Gulf of Mexico, and some additional personnel are being evacuated ashore. Production at the other five facilities in the Gulf of Mexico remains at normal levels. Onshore facilities will continue to follow established storm response procedures.

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2026-10-08

US President Trump reiterated that oil prices will fall after the war.

US President Trump reiterated that oil prices will fall after the war.
2026-10-08

Fed minutes showed a majority of officials judged it may be appropriate to raise the federal funds rate target range again before year-end to rein in inflation that has run above target for more than five years. The minutes gave no specific timing; o

Fed minutes showed a majority of officials judged it may be appropriate to raise the federal funds rate target range again before year-end to rein in inflation that has run above target for more than five years. The minutes gave no specific timing; officials said elevated prices and a still-strong labor market could prompt a second hike this year and stressed a meeting-by-meeting, data-dependent approach. September discussions flagged risks that inflation could prove persistent, the labor market is near full employment, and overall growth has picked up. Many participants described a path of further increases in the funds rate as a prudent risk-management measure to guard against inflation staying above target if demand is stronger than expected or adverse supply shocks occur.
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