oil-and-gas
Top StoriesOil Prices Rise After US Crude Stocks Fall More Than Expected
Top StoriesSaudi Aramco Maintains $31 Billion Dividend Despite Lower Q1 Net Income
Top StoriesOil Prices Set for Steepest Weekly Drop in Three Months
Top StoriesOil Edges Back Towards 7-week Low After Resilient US Jobs Data
Oil Down on Middle East Talks While Investors Await Fed Meeting
Date: April 30, 2024
Oil down on Middle East talks while investors await Fed meeting By Noah Browning and Deep Kaushik Vakil LONDON (Reuters) -Oil edged lower on Tuesday after U.S. data showed healthy crude output and exports, extending losses prompted on Monday by hopes of an Israel-Hamas ceasefire, while investors await signals on U.S. interest rates from the...
Oil Falls on Middle East Talks, Dimming Near-Term US Rate Cut Hopes
Date: April 29, 2024
Oil falls on Middle East talks, dimming near-term US rate cut hopes By Laila Kearney (Reuters) -Oil prices fell by more than $1 a barrel on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict, while U.S. inflation data dimmed the prospect of imminent interest rate cuts. Brent crude...
Oil Prices Steady on Hamas Ceasefire Talks
Date: April 29, 2024
Oil prices steady on Hamas ceasefire talks By Deep Kaushik Vakil (Reuters) – Oil prices were little changed on Monday as Israel-Hamas peace talks in Cairo tempered fears of a wider conflict in the Middle East, while U.S. inflation data dimmed the prospects of interest rate cuts anytime soon. Brent crude futures for June, which...
TotalEnergies Earnings Fall in First Quarter on Lower Gas Prices
Date: April 26, 2024
TotalEnergies earnings fall in first quarter on lower gas prices By America Hernandez PARIS (Reuters) -French energy giant TotalEnergies posted a 22% decline in first-quarter earnings due to a steep decline in profits from natural gas, while warning that rising crude oil prices could weigh on refining margins in coming months. Adjusted net income for...
Oil Falls Back After Robust EU Data as Mideast Tensions Linger
Date: April 23, 2024
Oil falls back after robust EU data as Mideast tensions linger By Deep Kaushik Vakil (Reuters) -Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market weighed the potential fallout from any fresh U.S. sanctions on Iran’s oil exports. Global benchmark Brent crude oil futures were...
Sluggish Demand and Oversupply Sap European Diesel Markets
Date: April 23, 2024
Sluggish demand and oversupply sap European diesel markets By Ahmad Ghaddar and Robert Harvey LONDON (Reuters) – European diesel futures spreads are flashing signs of oversupply and slow demand with the three-month contango trading on Monday at its widest since August 2021. Contango is a market structure in which a current contract trades at a...