energy-market
Top StoriesTotalEnergies Earnings Fall in First Quarter on Lower Gas Prices
Top StoriesOil Prices Turn Higher as Middle East Ceasefire Hopes Wane
Top StoriesAnalysis – Europe’s Gas Stocks Point to Healthy Supply Next Winter
Top StoriesOil Rises as Heightened Geopolitical Risks Exacerbate Supply Concerns
Oil Prices Steady as OPEC Retains Demand Forecasts
Date: March 12, 2024
Oil prices steady as OPEC retains demand forecasts By Paul Carsten LONDON (Reuters) -Oil prices were little changed on Tuesday as OPEC stuck by its forecast for demand growth this year and next, amid persistent tensions in the Middle East and beyond. Brent futures for May delivery were up 24 cents at $82.45 a barrel...
Oil Settles Lower as Fed Takes Stock Before Cutting Rates
Date: February 28, 2024
Oil settles lower as Fed takes stock before cutting rates By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Wednesday after the Federal Reserve held firm on its decision to hold off cutting U.S. interest rates in the near future, while growing U.S. crude stockpiles added further pressure. Brent crude futures settled 3 cents...
TotalEnergies Texas Refinery Running at Minimal Rates, Say Sources
Date: February 22, 2024
TotalEnergies Texas refinery running at minimal rates, say sources By Erwin Seba HOUSTON (Reuters) -TotalEnergies’ 238,000-barrel-per-day (bpd) refinery in Port Arthur, Texas, is operating at minimal production as it contends with multiple upsets on Wednesday, people familiar with plant operations said. The refinery has been struggling to complete a restart following a Jan. 16 plant-wide...
Eni Beats Q4 Profit Forecasts Helped by Favourable Arbitration
Date: February 16, 2024
Eni beats Q4 profit forecasts helped by favourable arbitration By Francesca Landini MILAN (Reuters) -Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), beating analysts’ expectations, helped in part by a positive arbitration outcome. Eni’s full-year net profit totalled 8.3 billion euros, down 38% from a year...
Oil Rises on Large US Fuel Stock Draws, Slower Output Growth
Date: February 7, 2024
Oil rises on large US fuel stock draws, slower output growth By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose for a third day on Wednesday, drawing support from a larger-than-expected fall in U.S. gasoline and distillate stocks a day after the U.S. government cut its estimates for output growth. Brent crude futures...
Exclusive-EU Commission Looks Into Germany’s Natural Gas Levy
Date: January 26, 2024
Exclusive-EU Commission looks into Germany’s natural gas levy By Julia Payne BRUSSELS (Reuters) -The European Commission has asked the EU’s energy regulator ACER to examine whether a tariff Germany added to its natural gas exports distorts the bloc’s single market in a possible breach of competition rules, three sources close to the matter said. The...