oil-and-gas
TradingOil Prices Little Changed Though US Reserve Bid Lends Support
InvestingOil Set for 3% Weekly Gain, Investors Weigh Middle East Risk
InvestingEquinor Eyes Lower Spending on Renewables After Orsted Transaction
TradingGoldman Sees Oil Prices Holding Around $76/bbl in 2025 on Ample Supply
Heightened Egyptian Demand in Tight Market Buoys European Fuel Oil Prices
Date: October 17, 2024
By Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – A spike in Egyptian imports of fuel oil used for power generation has coincided with lower supply in Europe, helping to push refiners’ profit margins for the fuel to their highest in over a year, traders and analysts told Reuters. Firmer high-sulphur fuel oil (HSFO) prices...
Norway’s Equinor Remains Committed to Tanzania Lng Project
Date: October 9, 2024
CAPE TOWN (Reuters) – Norway’s Equinor remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year, a senior company executive said on Tuesday. Negotiations have been delayed for the East African country’s mega gas project after changes...
Stocks Lose Ground, Oil Extends Gains Amid Middle East Tension
Date: October 3, 2024
By Iain Withers and Chibuike Oguh NEW YORK/LONDON (Reuters) – Global stocks fell on Thursday, weighed down by tepid trading in equity markets across the U.S. and other major regions, even as oil prices extended gains amid rising geopolitical tension from the Middle East conflict. Wall Street’s main indexes pared early gains and were trading...
Stocks Stable, Oil Rises as Wary Investors Eye Middle East Hostilities
Date: October 2, 2024
By Sinéad Carew, Lawrence White NEW YORK/ LONDON (Reuters) -MSCI’s global equities index was up very slightly on Wednesday while the dollar rose and oil prices pared earlier gains, as investors anxiously watched to see how Israel would respond to Iran’s missile attack the previous day. Oil prices were slightly higher after climbing more than...
Big Oil’s Big Payouts Under Strain as Energy Prices Fall
Date: October 1, 2024
By Ron Bousso LONDON (Reuters) – Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share repurchases in the face of a drop in oil prices after more than two years of bumper profits, analysts said. The majors have for decades attracted investors by promising steady payouts...
Oil Steady but on Track for Weekly Drop on Firmer Supply Outlook
Date: September 27, 2024
By Paul Carsten LONDON (Reuters) -Oil prices held on Friday but remained on track for a weekly fall as investors weighed expectations for increased output from Libya and the broader OPEC+ group against fresh stimulus from top importer China. Brent crude futures were up 8 cents, 0.1%, at $71.68 per barrel, as of 0840...