oil-and-gas
Top StoriesOil Rises for Fifth Straight Session on Mideast Tensions and US Data
Top StoriesShell, PetroChina to Expand Surat Coal Seam Gas Project in Australia
Top StoriesOil Holds on to Last Week’s Gains Buoyed by Mideast Tensions, Economic Data
Top StoriesOil Prices Recover From Multi-Month Lows in Volatile Trade
Oil Climbs More Than $1 Into Positive Territory
Date: August 5, 2024
By Erwin Seba HOUSTON (Reuters) -Oil climbed more than $1 on Monday, returning to positive territory in volatile trade as markets were roiled by stock market sell-offs on fears of a U.S. recession, but declines were limited by possible supply cuts because of spreading conflict in the Middle East. Equities markets tumbled around the world...
Oil Down $2 as Investors Digest Weak US Job Data
Date: August 2, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices slid by more than $2 on Friday, on track for a fourth successive weekly drop after data showed that the U.S. economy added fewer jobs than expected in July and weak Chinese economic data further weighed. Brent crude futures fell $2.61, or 3.28%, to $76.91 a barrel by...
Oil Prices Rise as US Crude, Fuel Inventories Seen Shrinking
Date: July 24, 2024
By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling U.S. crude inventories and growing supply risks from wildfires in Canada boosted prices. Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel by 0343 GMT. U.S. West Texas Intermediate...
TotalEnergies Texas Refinery Returns to Normal Operation, Sources Say
Date: July 23, 2024
HOUSTON (Reuters) – TotalEnergies’ 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery returned to normal operation over the weekend, people familiar with plant operations said on Monday. The refinery shut down on July 13 because of a loss of steam supply, which powers the refinery and is required in the process of converting crude oil...
Galp’s Quarterly Profit up 16% and Namibia Oil in Focus
Date: July 22, 2024
By Sergio Goncalves LISBON (Reuters) -Portugal’s Galp Energia reported on Monday a 16% rise in second-quarter net profit, beating expectations as higher oil prices and lower production costs offset reduced output and the refining margin held steady. The company also confirmed ongoing preparations for a second drilling phase of four wells in Namibia’s Mopane...
Oil Prices Gain 2% on Big US Storage Withdrawal, Weaker US Dollar
Date: July 17, 2024
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China. Brent futures rose $1.35, or 1.6%, to $85.08 a barrel by 1:33 p.m. EDT (1733 GMT), while U.S. West...