oil-and-gas
Top StoriesOil Edges up as US Inflation Data Raises Rate Cut Hopes
Top StoriesOil Settles Higher on Hopeful Demand Outlook as US Oil Stocks Sink
Top StoriesBp Energy Outlook: Both Main Scenarios See 2025 Oil Peak, Rapid Renewables Growth
Top StoriesOil Edges Higher on Likely US Inventory Drawdown
Exxon Mobil Expects Second-Quarter Oil Earnings to Increase
Date: July 8, 2024
Exxon Mobil expects second-quarter oil earnings to increase (Reuters) – Exxon Mobil said on Monday changes in oil prices would increase the oil major’s second-quarter upstream earnings by $300 million to $700 million compared with the first quarter. The largest U.S. oil producer had posted $5.7 billion in upstream earnings for the first quarter ended...
North Sea Oil Producers Urge Labour’s Starmer for Tax Clarity
Date: July 5, 2024
North Sea oil producers urge Labour’s Starmer for tax clarity By Ron Bousso LONDON (Reuters) – North Sea oil and gas producers urged Britain’s incoming Prime Minister Keir Starmer to provide clarity on his election promise to increase tax on the sector, warning it could lead to a rapid decline in output and revenue. Starmer’s...
Oil Prices on Track for Fourth Straight Week of Gains
Date: July 5, 2024
Oil prices on track for fourth straight week of gains SINGAPORE (Reuters) – Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns. Brent...
Oil Rises on US Crude Inventory Draw, Mideast Tensions
Date: July 3, 2024
Oil rises on US crude inventory draw, Mideast tensions By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on flaring tensions in the Middle East. Brent crude futures edged up 46 cents, or 0.5%, to $86.70 per barrel...
Bp Halts Hiring, Slows Renewables Roll-Out to Win Over Investors
Date: June 27, 2024
BP halts hiring, slows renewables roll-out to win over investors By Ron Bousso LONDON (Reuters) – BP’s new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said....
Oil Ticks up on Inventory Drawdown Outlook, Middle East Risks
Date: June 26, 2024
Oil ticks up on inventory drawdown outlook, Middle East risks SINGAPORE (Reuters) -Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the Middle East conflict and forecasts of an eventual inventory drawdown during the third quarter peak demand season. Brent crude oil futures...