energy-market
InvestingOil Prices Steady as News of Saudi, Russia Meeting Calms Investors
Top StoriesOil Prices Rebound After OPEC Upgrades China Demand Outlook
Top StoriesOil Near Flat as US Crude Stock Draw Contends With Economic Concerns
Top StoriesNew Intelligence Points to pro-Ukraine Group in Nord Stream Attack -Nyt
CERAWEEK-Europe Gas Supplies to Stay Tight 2 More Winters, Equinor CEO Says
Date: March 8, 2023
By Ron Bousso and Simon Webb HOUSTON (Reuters) – Europe will struggle over the next two winters to replace Russian natural gas supplies as China’s appetite for the fuel recovers, the chief executive of Norwegian energy giant Equinor told Reuters on Tuesday. Equinor became Europe’s top natural gas supplier last year after exports from Russia...
Oil Gains as Russian Supply Cuts Temper Concerns Over Rate Hikes, High Stocks
Date: February 24, 2023
By Andrew Hayley BEIJING (Reuters) -Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 67 cents, or 0.8%, to $82.88 per barrel by 0415 GMT. West Texas Intermediate crude futures (WTI) rose 61 cents, or...
Edf Signs Deals to Help L’Oreal Reach Carbon Neutrality Targets by 2025
Date: February 22, 2023
By Dina Kartit (Reuters) -French power giant EDF said on Tuesday it signed two new electricity contracts with L’Oreal to help the France-based cosmetics maker achieve carbon neutrality for all its sites by 2025. The contracts include the direct purchase by L’Oreal Group of electricity from renewable sources with EDF Renouvelables under a Corporate Power...
Oil Heads for Weekly Loss on Rate Hike Worries, Ample Supply
Date: February 17, 2023
By Alex Lawler LONDON (Reuters) – Oil fell almost 3% on Friday and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply. Two Fed officials on Thursday warned additional hikes in borrowing costs are essential to...
Uniper Sells UAE Marine Fuels Refinery to Consortium Including Montfort
Date: February 16, 2023
FRANKFURT/SINGAPORE (Reuters) -German utility Uniper has agreed to sell its oil refinery in the United Arab Emirates to a consortium of Montfort and the private office of Sheikh Ahmed Dalmook Al Maktoum for an undisclosed sum, it said on Thursday. The sale of Uniper Energy DMCC, Uniper’s local crude oil processing and marine fuel trading...
Oil Falls on Demand Worry as Fed ‘make or Break Moment’ Approaches
Date: February 13, 2023
By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices eased around 1% on Monday after rising in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming U.S. inflation data and refinery maintenance in Asia and the United States. Brent crude futures fell 86 cents, or 1%, to $85.53 a...