energy-market
Top StoriesShell, PetroChina to Expand Surat Coal Seam Gas Project in Australia
Top StoriesTotalEnergies Texas Refinery Returns to Normal Operation, Sources Say
Top StoriesOil Settles Higher on Hopeful Demand Outlook as US Oil Stocks Sink
Top StoriesOil Edges Higher on Likely US Inventory Drawdown
Oil Prices on Track for Fourth Straight Week of Gains
Date: July 5, 2024
Oil prices on track for fourth straight week of gains SINGAPORE (Reuters) – Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns. Brent...
Oil Rises on US Crude Inventory Draw, Mideast Tensions
Date: July 3, 2024
Oil rises on US crude inventory draw, Mideast tensions By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on flaring tensions in the Middle East. Brent crude futures edged up 46 cents, or 0.5%, to $86.70 per barrel...
Oil Ticks up on Inventory Drawdown Outlook, Middle East Risks
Date: June 26, 2024
Oil ticks up on inventory drawdown outlook, Middle East risks SINGAPORE (Reuters) -Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the Middle East conflict and forecasts of an eventual inventory drawdown during the third quarter peak demand season. Brent crude oil futures...
Oil Prices Steady as Inflation Worries Limit Summer Demand Optimism
Date: June 25, 2024
Oil prices steady as inflation worries limit summer demand optimism By Emily Chow SINGAPORE (Reuters) – Oil prices were little changed on Tuesday after rising in the previous session as investors were cautious ahead of U.S. consumer price data even as expected summer demand increases supported the market. Brent futures for August settlement rose 5...
Exclusive-Temasek to Finalise Deal With Shell for Pavilion Energy Lng Asset Sale, Sources Say
Date: June 13, 2024
Exclusive-Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say By Florence Tan, Jonathan Saul and Yantoultra Ngui SINGAPORE/LONDON (Reuters) -Singapore’s Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming...
Oil Slips on US Growth Worries, Ample Crude Supply
Date: June 13, 2024
Oil slips on US growth worries, ample crude supply By Georgina McCartney (Reuters) – Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserve had likely pushed back a possible interest rate cut to December, while ample U.S. crude and fuel stocks also weighed on the market. Brent crude...