oil-and-gas
FinanceOil Rises Nearly 2% After Opec+ Delays Output Hike, US Election in Focus
BusinessMideast Tensions Top Risk Facing Energy Markets, Says Bp CEO
FinanceEni Pockets $1 Billion From Alaska Upstream Assets Sale
TradingOil Prices Jump Over 1% on Delayed Opec+ Output Hike
Shell’s $6 Billion Profit Smashes Forecasts as Lng Offsets Weak Refining
Date: October 31, 2024
By Ron Bousso LONDON (Reuters) -Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results. The results, together with a drop in debt and strong cash flow, could lift investor confidence in CEO Wael...
Woodside and Tokyo Gas in Discussions Over Stake in US Lng Project
Date: October 31, 2024
By Curtis Williams and David French HOUSTON/NEW YORK (Reuters) – Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy...
Oil Extends Gains After Settlement on Reports Iran Preparing Israel Attack
Date: October 31, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices extended gains after settlement on Thursday, rising by more than $1 on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. WTI crude oil futures jumped $1.81 to $70.42 at 3:00 p.m. EDT, after settlement and Brent futures for January delivery...
Oil Prices Rise 1% After Boost From US Fuel Demand
Date: October 31, 2024
LONDON (Reuters) -Oil prices gained 1% on Thursday after rallying the previous day on stronger than expected U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase. Traders are also awaiting the outcome of the U.S. presidential election on Nov. 5 and whether ceasefires can be brokered in the Middle...
Oil Hovers at One-Month Low With Supply Drivers Back in Focus
Date: October 30, 2024
By Trixie Yap (Reuters) -Oil prices held at one-month lows, after sliding in the previous two sessions, as markets weighed a potential ceasefire between Israel and Hezbollah and rising OPEC+ crude supplies against a possible drop in U.S. fuel stocks and demand concerns. Brent crude futures gained 58 cents, or 0.8%, to $71.7 a...
Bp Profit Slumps to Near Four-Year Low as Oil Demand Sags
Date: October 29, 2024
By Ron Bousso LONDON (Reuters) – BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results. The decline was smaller than expected amid a slowdown in global economic activity and oil demand, particularly in China,...