oil-and-gas
TradingEuropean Shares End Marginally Lower as Energy Stocks Drop
TradingOil Climbs on Middle East Escalation Fears, US Fed Rate Cut
Top StoriesOil Prices Set to End Week Higher After US Rate Cut
TradingING Bank Tightens Restrictions on Oil and Gas Lending
Oil Prices Edge Higher on US Crude Stocks, Market Awaits Fed Decision
Date: September 18, 2024
By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Wednesday on falling crude inventories in the United States, whiles the market cautiously awaited rate cut details from the Federal Reserve. Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept. 13, the Energy Information Administration (EIA) said,...
Oil Prices Rise on Supply Shocks, Prospect of US Interest Rate Cuts
Date: September 17, 2024
By Shariq Khan and Arunima Kumar NEW YORK (Reuters) -Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected. U.S. crude oil futures gained $1.31, or 1.9%, to $71.40 by 12:03...
Oil Prices Climb on Hurricane Impact Ahead of US Rate Decision
Date: September 17, 2024
By Nicole Jao NEW YORK (Reuters) -Oil prices rose on Monday as the ongoing impact of Hurricane Francine on output in the U.S. Gulf of Mexico offset persistent Chinese demand concerns ahead of this week’s U.S. Federal Reserve interest rate cut decision. Brent crude futures for November settled at $72.75 a barrel, up $1.14,...
Saipem Wins $4 Billion Contract From QatarEnergy
Date: September 16, 2024
(Reuters) – Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from QatarEnergy, one of the world’s top suppliers of liquefied natural gas (LNG). The contract will help boost production at QatarEnergy’s North Field offshore natural gas field, which lies off the northeastern coast of Qatar,...
Nigerian Communities Seek $310 Million From Shell, Want Asset Sale Stopped
Date: September 13, 2024
By Camillus Eboh ABUJA (Reuters) – Nigerian communities are claiming 505 billion naira ($310 million) in damages from Shell, which they accuse of breaching an existing court order by striking a deal to sell its onshore assets in the Niger Delta, court papers showed on Friday. Shell is set to exit Nigeria’s onshore oil...
Oil Prices Climb 1% on Fears Over Hurricane Impact on US Output
Date: September 12, 2024
By Arunima Kumar (Reuters) -Oil prices rose by more than 1% on Thursday to extend a rebound spurred by concern over Hurricane Francine’s impact on U.S. output, though a gloomy demand outlook capped gains. Brent crude futures for November rose 94 cents, or 1.3%, to $71.55 a barrel by 1205 GMT. U.S. crude futures for...