oil-and-gas
InvestingOil Prices Edge Down on Soft Chinese Spending Data
InvestingOil Drops From Highest in Weeks, Focus on Fed Rate Cuts
FinanceChina’s Cnooc Sells US Assets to Britain’s Ineos
Top StoriesExclusive-BP Seeks Buyers for US Natural Gas Pipeline System Stake, Sources Say
Oil Set for Weekly Loss on Surplus Fears Despite Opec+ Cut Extensions
Date: December 6, 2024
By Enes Tunagur (Reuters) -Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026. Brent crude futures were down 66 cents, or 0.9%, to $71.43 per barrel at 1128 GMT. U.S....
Oil Falls as Investors Weigh Ample 2025 Supply Outlook, Delayed Opec+ Output Hike
Date: December 6, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents,...
Shell and Equinor Form UK North Sea Oil and Gas Joint Venture
Date: December 5, 2024
By Louise Rasmussen, Ron Bousso and Nerijus Adomaitis COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway’s Equinor will merge their British North Sea assets to form what is set to be the ageing basin’s largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will pool the companies’...
Oil Slightly Firmer Ahead of Opec+ Supply Decision
Date: December 5, 2024
By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East. Brent crude futures rose 6 cents, or...
Oil Prices Edge up Ahead of Imminent Opec+ Decision; Geopolitical Turmoil in Focus
Date: December 4, 2024
By Arunima Kumar (Reuters) – Oil prices rose slightly on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts this week while heightened geopolitical tensions continue to dominate market sentiment. Brent crude futures rose 38 cents, or 0.5%, to $74.00 a barrel by 1428 GMT, while U.S. West Texas Intermediate crude futures...
Oil Prices Steady Ahead of Imminent Opec+ Decision; Geopolitical Turmoil in Focus
Date: December 4, 2024
By Arunima Kumar (Reuters) -Oil prices were little changed on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts this week while heightened geopolitical tensions continue to dominate market sentiment. Brent crude futures were up 5 cents, or 0.07%, at $73.67 a barrel by 1214 GMT while U.S. West Texas Intermediate crude...