oil-and-gas
InvestingOil Nudges up After Russia-Ukraine Tensions Escalate
InvestingOil Settles Down 2% on Weaker Chinese Demand, Uncertainty Over Fed Rate Cut
TradingOil Demand to Fall to 80-100 Million Bpd by 2035, Says BP’s US Chief Economist
InvestingRussia’s Sovcomflot Blames Earnings Drop on Western Sanctions
TotalEnergies’ Suriname Project Kicks Off With $3 Billion in Contract Awards
Date: November 16, 2024
By America Hernandez PARIS/MILAN (Reuters) -French oil major TotalEnergies has awarded engineering contracts worth at least $3 billion as part of its fast-track development of Suriname’s first offshore project. Italian energy contractor Saipem said on Thursday it had signed a $1.9 billion deal with a subsidiary of TotalEnergies in Suriname for the subsea development of...
Oil Prices Set for Weekly Loss on China Demand Fears
Date: November 15, 2024
By Robert Harvey and Enes Tunagur LONDON (Reuters) -Oil prices fell on Friday, and were heading for a weekly loss, on worries about waning Chinese demand and expectations of fewer U.S. Federal Reserve interest rate cuts. Brent crude futures dropped 97 cents, or 1.34%, to $71.59 a barrel by 1011 GMT. U.S. West Texas Intermediate...
Oil Dips on Bigger-Than-Expected US Crude Stockbuild, Oversupply Concerns
Date: November 14, 2024
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar’s ascent to a one-year high raised demand fears. Brent crude futures were down 24 cents, or 0.3% at $72.04 a barrel at 1:14 p.m. ET (1814 GMT). U.S. West Texas Intermediate...
Inflation Pushes Norway’s Oil, Gas Sector to Record Investments
Date: November 14, 2024
OSLO (Reuters) -Investment in Norwegian oil and gas projects will rise to a record this year and may increase further in 2025 as inflation pushes up the costs of development, a national statistics office (SSB) survey showed on Thursday. Norway in recent years sanctioned a raft of new fields as companies took advantage of pandemic-era...
Oil Prices Broadly Flat After Falling on Dollar Surge
Date: November 14, 2024
LONDON (Reuters) -Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a stronger U.S. dollar and worries about rising supply amid slow demand growth. Brent crude futures edged 17 cents higher to $72.45 a barrel at 1203 GMT. U.S. West Texas Intermediate crude futures were up 14...
Oil Slips Towards 2-week Low on Gloomy Demand Outlook
Date: November 13, 2024
By Arunima Kumar (Reuters) -Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China, India, and other regions for its decision, which marked the producer group’s fourth straight...