energy-market
Top StoriesOil Prices up 1% to 4-week High on Big US Crude Withdrawal, China Stimulus
Top StoriesOil Rises as Geopolitics Counter Demand Concerns
Top StoriesClimate Science Advisers Tell EU to Phase Out Fossil Fuels
Top StoriesOil Rises 2% as Some Tankers Avoid Red Sea After Strikes
Oil Prices Gain 3% on Supply Concerns After Oilfield Shutdown in Libya
Date: January 3, 2024
Oil prices gain 3% on supply concerns after oilfield shutdown in Libya By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures rose $2.44, or 3.2%, to $78.33 a...
Oil Prices Stable as Economic Headwinds Offset Red Sea Disruptions
Date: January 2, 2024
Oil prices stable as economic headwinds offset Red Sea disruptions By Georgina McCartney HOUSTON (Reuters) -Oil prices were little changed in the first session of the new year, as the impact of economic headwinds unravelled gains from potential disruptions to supply due to tensions in the Red Sea. Brent crude was down 6 cents, or...
Oil Prices Settle Down 3% as Red Sea Shipping Disruptions Ease
Date: December 28, 2023
Oil prices settle down 3% as Red Sea shipping disruptions ease By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active Brent crude futures for March...
Oil Stabilises as Investors Watch for Red Sea Developments
Date: December 27, 2023
Oil stabilises as investors watch for Red Sea developments By Robert Harvey LONDON (Reuters) -Oil prices stabilised on Wednesday after the previous day’s strong gains as investors monitored Red Sea developments, with some major shippers resuming passage through the trade route despite continued attacks and broader Middle East tensions. Brent crude futures was down 17...
EU to Extend Emergency Gas Price Cap for Another Year
Date: December 19, 2023
EU to extend emergency gas price cap for another year By Kate Abnett BRUSSELS (Reuters) – The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a safeguard against possible energy price shocks, after energy ministers backed the plan on Tuesday. The EU first agreed...
Oil Prices Hold as Investors Still Wary
Date: December 11, 2023
Oil prices hold as investors still wary By Paul Carsten LONDON (Reuters) -Oil prices were steady on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel demand growth next year. Brent crude futures dipped 6 cents to $75.78 a barrel by 1427 GMT. U.S. West Texas Intermediate crude futures were down...