energy-market
FinanceEnergy Bills to Rise for Most Britons After 1.2% Price Cap Rise
InvestingOil Prices Tick up as Market Weighs Ukraine War Escalation
Top StoriesBritain’s Energy Price Cap to Rise 1% in January, Forecasts Cornwall Insight
InvestingOil Nudges up After Russia-Ukraine Tensions Escalate
Oil Demand to Fall to 80-100 Million Bpd by 2035, Says BP’s US Chief Economist
Date: November 16, 2024
(This Nov 13 story has been corrected to add ‘current trajectory scenario’ context in paragraph 1) HOUSTON (Reuters) – Global oil demand will fall to around 80 million barrels per day by 2035 in a net-zero environment, and 100 million bpd in the current trajectory scenario, BP’s chief U.S. economist told an energy conference in...
Oil Prices Set for Weekly Loss on China Demand Fears
Date: November 15, 2024
By Robert Harvey and Enes Tunagur LONDON (Reuters) -Oil prices fell on Friday, and were heading for a weekly loss, on worries about waning Chinese demand and expectations of fewer U.S. Federal Reserve interest rate cuts. Brent crude futures dropped 97 cents, or 1.34%, to $71.59 a barrel by 1011 GMT. U.S. West Texas Intermediate...
Oil Dips on Bigger-Than-Expected US Crude Stockbuild, Oversupply Concerns
Date: November 14, 2024
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar’s ascent to a one-year high raised demand fears. Brent crude futures were down 24 cents, or 0.3% at $72.04 a barrel at 1:14 p.m. ET (1814 GMT). U.S. West Texas Intermediate...
COP29 Host Azerbaijan Hits Out at West in Defence of Oil and Gas Industry
Date: November 12, 2024
By William James and Kate Abnett BAKU (Reuters) -The president of Azerbaijan, host of this year’s U.N. climate summit, lashed out at Western critics of his country’s oil and gas industry on Tuesday. Speaking in his keynote address at the COP29 climate summit, where nearly 200 nations are negotiating global action on climate change, President...
Nov 8-Oil Settles Down 2% on Receding Hurricane Risk, Lackluster China Stimulus
Date: November 11, 2024
(This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) By Shariq Khan NEW YORK (Reuters) – Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s...
Oil Prices Fall as Hurricane Rafael Expected to Start Weakening
Date: November 8, 2024
SINGAPORE (Reuters) -Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs how President-elect Donald Trump’s policies might affect supplies. Brent crude oil futures fell 53 cents, or 0.7%, to $75.10 per barrel by 0742...