oil-and-gas
TradingOil Prices Ease, Russia, Iran Tensions Check Losses
InvestingOil Prices Edge up to 2-week High as Ukraine War Intensifies
InvestingOil Prices Edge up on Geopolitical Tensions; Higher-Than-Expected US Inventories Cap Gains
InvestingOil Prices Tick up as Market Weighs Ukraine War Escalation
Norway’s Sverdrup Oilfield Restores Full Output After Outage
Date: November 20, 2024
OSLO (Reuters) -Equinor has restored full output capacity at its Johan Sverdrup oilfield in the North Sea following an outage that drove up oil prices, and is now producing steadily at normal levels, a company spokesperson said on Wednesday. Output was halted on Monday at western Europe’s largest oilfield due to an onshore outage that...
Oil Little Changed as Market Weighs Mixed Drivers
Date: November 20, 2024
By Jeslyn Lerh SINGAPORE (Reuters) – Oil was broadly stable for a second day on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia and signs of growing Chinese crude imports offset data showing U.S. crude stocks rising. Brent crude futures for January were up 11 cents to...
Oil Little Changed as Market Weighs Mixed Drivers
Date: November 20, 2024
By Laila Kearney and Jeslyn Lerh SINGAPORE (Reuters) – Oil prices held steady for a second day on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia and signs of growing Chinese crude imports offset data showing U.S. crude stocks rising. Brent crude futures dipped 5 cents to...
Oil Steadies as Sverdrup Field Restart Counters Geopolitical Concerns
Date: November 19, 2024
By Shariq Khan and Alex Lawler NEW YORK/LONDON (Reuters) -Oil prices traded steady on Tuesday as Norway’s Johan Sverdrup oilfield restarted production and there were reports of Iran offering to cap its uranium stockpile, factors that offset investor concerns about escalation of the Russia-Ukraine war. Brent crude futures fell 0.1%, or 7 cents, to $73.23...
European Oil Giants Step Back From Renewables Path
Date: November 18, 2024
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals,...
European Oil Giants Step Back From Renewables Path
Date: November 18, 2024
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals,...