oil-and-gas
InvestingOil Slips Towards 2-week Low on Gloomy Demand Outlook
Top StoriesExclusive-Glencore-Chandra Singapore Refinery to Earmark 20% of Output for Shell, Sources Say
TradingOil Prices Hold Near 2-week Low on Gloomy Demand Outlook
Top StoriesCOP29 Host Azerbaijan Hits Out at West in Defence of Oil and Gas Industry
Shell and Equinor Fight Challenges to UK North Sea Gas, Oil Projects
Date: November 12, 2024
By Sam Tobin LONDON (Reuters) – Shell and Equinor on Tuesday urged a Scottish court to uphold Britain’s approval for the development of two vast North Sea oil and gas fields, as environmental campaigners attempted to block the projects. Shell is fighting a legal challenge brought by Greenpeace at the Court of Session in Edinburgh...
Oil Prices Steady Ahead of OPEC Report, China Stimulus Limit Gains
Date: November 12, 2024
By Emily Chow (Reuters) – Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were...
Oil Prices Hold Their Ground After Falling on China Stimulus
Date: November 12, 2024
By Colleen Howe BEIJING (Reuters) – Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC’s monthly report after China’s stimulus plan and oversupply concerns took the wind out of markets in prior sessions. Brent crude futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West...
Oil Falls on Chinese Stimulus Disappointment, Supply Outlook
Date: November 12, 2024
By Erwin Seba HOUSTON (Reuters) -Oil prices fell by more than 2% on Monday after China’s latest stimulus plan disappointed investors seeking demand growth in the world’s second-biggest oil consumer, while supply looked set to rise in 2025. Brent crude futures settled at $71.83 a barrel, down$2.04 or 2.76%. U.S. West Texas Intermediate crude futures...
Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Rises
Date: November 11, 2024
By Arunima Kumar (Reuters) – Oil prices fell about 2% on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil consumer and as the U.S. dollar edged higher. Brent crude futures were down $1.83, or 2.48%, to $72.04 a barrel by 1444 GMT while U.S. West Texas Intermediate...
Nov 8-Oil Settles Down 2% on Receding Hurricane Risk, Lackluster China Stimulus
Date: November 11, 2024
(This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) By Shariq Khan NEW YORK (Reuters) – Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s...