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Top StoriesOil Edges Higher After Inflation Gloom Hit Prices
Engie Q1 Profit Drops on Warmer Winter, Steady Market
Date: May 17, 2024
Engie Q1 profit drops on warmer winter, steady market By America Hernandez PARIS (Reuters) – French energy company Engie said on Friday first-quarter earnings fell 3.2% as a warmer than usual winter depressed demand for natural gas and price volatility eased. The company, which produces, transports and sells gas and electricity, said earnings before interest...
Oil Prices Rise After US Economic Data Raises Rate Cut Expectations
Date: May 16, 2024
Oil prices rise after US economic data raises rate cut expectations By Laila Kearney NEW YORK (Reuters) -Oil futures rose on Thursday on a stabilizing U.S. job market and slower-than-expected inflation data, which increased expectations that the Federal Reserve would begin to cut interest rates in the fall. Brent crude futures were up 50 cents...
Oil Down on Inflation, Supply Risks in Mideast, Canada Lend Floor
Date: May 14, 2024
Oil down on inflation, supply risks in Mideast, Canada lend floor By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Tuesday, after fresh U.S. data indicated inflation remains sticky, while potential risks to supply from Mideast tensions and wildfires in Canada lent a floor to prices. Brent crude futures dropped 98 cents to $82.38 a...
Oil Benchmark Brent Above $84 on Perky Demand Signals
Date: May 10, 2024
Oil benchmark Brent above $84 on perky demand signals By Natalie Grover LONDON (Reuters) -Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East also provided support. Brent futures were...
GeoPark to Access $500 Million From Vitol in Return for Oil Deliveries
Date: May 10, 2024
GeoPark to access $500 million from Vitol in return for oil deliveries (Reuters) – GeoPark has struck a deal to sell a minimum of 20,000 barrels of oil per day to Dutch commodities trading firm Vitol, receiving access to up to $500 million in funding in return, the Latin American oil and gas producer said...
Oil Hits 1-week High on Demand Hopes After China, US Data
Date: May 9, 2024
Oil hits 1-week high on demand hopes after China, US data By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 1% to a one-week high on Thursday after data from China and the U.S. signalled that demand in the world’s two biggest crude-consuming nations could climb higher. Brent futures rose 40 cents, or 0.5%,...