energy-market
InvestingOil Steadies as Investors Digest US Election Fallout
FinanceOil Rises Nearly 2% After Opec+ Delays Output Hike, US Election in Focus
TradingOil Prices Jump Over 1% on Delayed Opec+ Output Hike
BusinessShell’s $6 Billion Profit Smashes Forecasts as Lng Offsets Weak Refining
Oil Prices Rise 1% After Boost From US Fuel Demand
Date: October 31, 2024
LONDON (Reuters) -Oil prices gained 1% on Thursday after rallying the previous day on stronger than expected U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase. Traders are also awaiting the outcome of the U.S. presidential election on Nov. 5 and whether ceasefires can be brokered in the Middle...
Exclusive-Panama Canal Seeks Lng Comeback After 65% Decline in Traffic
Date: October 29, 2024
By Marianna Parraga, Elida Moreno and Curtis Williams PANAMA CITY/HOUSTON (Reuters) – The Panama Canal aims to regain vessel traffic carrying U.S. liquefied natural gas to Asia as demand in that market rises and a new reservation system allows shippers to lock in slots, following a 65% decline in the transit of its second-most important...
QatarEnergy Takes 50% Stake in TotalEnergies Solar Project in Iraq
Date: October 28, 2024
DUBAI (Reuters) – QatarEnergy, one of the world’s top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies’ 1.25-gigawatt solar project in Iraq. The French energy giant will retain the remaining 50% stake in the project, which is part of Iraq’s $27 billion Gas Growth Integrated...
Goldman Sees Oil Prices Holding Around $76/bbl in 2025 on Ample Supply
Date: October 24, 2024
(Reuters) – Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare capacity among major producers, with concerns easing over a potential disruption in Iranian supply, it said in a note on Tuesday. Overall, we still see the medium-term risks to our $70-85/bbl range...
Heightened Egyptian Demand in Tight Market Buoys European Fuel Oil Prices
Date: October 17, 2024
By Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – A spike in Egyptian imports of fuel oil used for power generation has coincided with lower supply in Europe, helping to push refiners’ profit margins for the fuel to their highest in over a year, traders and analysts told Reuters. Firmer high-sulphur fuel oil (HSFO) prices...
Big Oil’s Big Payouts Under Strain as Energy Prices Fall
Date: October 1, 2024
By Ron Bousso LONDON (Reuters) – Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share repurchases in the face of a drop in oil prices after more than two years of bumper profits, analysts said. The majors have for decades attracted investors by promising steady payouts...