energy-market
Top StoriesOil Rises as US Gasoline Supplies Tighten, Saudi Says: ‘watch Out’
Top StoriesEnergy Costs for Most British Households to Fall 18% From July -Cornwall Insight
Top StoriesOil Trades Sideways Amid US Plan to Refill Reserves, Mixed China Outlook
Top StoriesOil Prices Head for Fourth Weekly Drop as Demand Fears Weigh
Norway Plans to Nationalise Gas Pipelines When Concessions Expire
Date: April 28, 2023
Norway plans to nationalise gas pipelines when concessions expire By Gwladys Fouche and Nerijus Adomaitis OSLO (Reuters) -Norway plans to nationalise most of its gas pipeline network when many existing concessions expire in 2028, the oil and energy ministry said on Friday, to tighten control over key infrastructure. Norway has become Europe’s largest supplier of...
Oil Dips as Potential Fed Rate Hike Overshadows Falling Stocks
Date: April 19, 2023
Oil dips as potential Fed rate hike overshadows falling stocks By Laila Kearney and Muyu Xu (Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed...
Oil Gains After Iea Sees Demand Rising to Record High
Date: April 14, 2023
Oil gains after IEA sees demand rising to record high By Ron Bousso LONDON (Reuters) -Oil prices rose on Friday after the West’s energy watchdog said it expected global demand to rise to a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency (IEA) also warned that...
Oil Markets Steady as Investors Weigh Banking Crisis, Russia
Date: March 27, 2023
By Mohi Narayan and Florence Tan (Reuters) -Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session...
Oil up 2% as Dollar Weakens on Small US Fed Rate Hike
Date: March 22, 2023
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% to a one-week high on Wednesday as the dollar slid to a six-week low after the U.S. Federal Reserve delivered an expected small rate hike while hinting that it was on the verge of pausing future increases. Brent crude futures rose $1.37, or 1.8%,...
U.S. Oil Exports to Europe Hit Record in March on Steep Discounts
Date: March 21, 2023
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries. Record exports to Europe and China this month reflect the rise of United States...