oil-and-gas
Russia's Oil and Gas Budget Revenue Falls by More Than a Third in May
Oil Settles 1% Lower After US Data Shows Large Builds in Fuel Stocks
Bp Boosts Investment in Azerbaijan Caspian Sea Projects
Analysis-Global Oil Refiners See Short-Term Boost From Higher Margins
Oil Climbs 2% to 2-week High on Geopolitical Tensions
Date: June 3, 2025
By Anjana Anil (Reuters) - Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the...
Oil Gains on Supply Concerns as Wildfires Disrupt Canada Supply, Opec+ Keeps Output Plans Unchanged
Date: June 1, 2025
By Florence Tan SINGAPORE (Reuters) - Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of...
Opec+ Oil Producers Stick to Their Guns With Another Big Hike for July
Date: May 31, 2025
By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ meets on Saturday to discuss an increase in oil output for July that may be larger than the 411,000 barrels per day (...
Russia's Transneft Says Q1 Net Profit Down 15% to $1 Billion
Date: May 30, 2025
MOSCOW (Reuters) - First-quarter net profit of Russia's oil pipeline monopoly Transneft declined by around 15% to 80.3 billion roubles ($1 billion) as revenue shrank, the company said. Profit in the...
Gunvor, Socar Neck and Neck to Buy Refiner Italiana Petroli, Sources Say
Date: May 30, 2025
By Francesca Landini and Valentina Za MILAN (Reuters) - Global commodity trader Gunvor and State Oil Company of Azerbaijan (SOCAR) are neck and neck in the race to buy oil refiner Italiana Petroli,...
Oil Price Outlook Weakens on Opec+ Hikes, Lingering Trade Concerns: Reuters Poll
Date: May 30, 2025
By Sarah Qureshi and Kavya Balaraman (Reuters) - Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ supply and lingering uncertainty around the...