oil-and-gas
Top StoriesOil Rises as Heightened Geopolitical Risks Exacerbate Supply Concerns
Top StoriesOil Broadly Steady After Surprise US Crude Stock Drop
Top StoriesOil Prices Rise as Revised Iea Forecasts Suggest Tighter Market
Top StoriesOil Prices Steady as OPEC Retains Demand Forecasts
Oil Rises Almost 2% as Markets Await Opec+ Decision
Date: March 1, 2024
Oil rises almost 2% as markets await OPEC+ decision By Robert Harvey LONDON (Reuters) -Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., European and Chinese economic data. Brent futures for May were up $1.43, or...
Oil Settles Lower as Fed Takes Stock Before Cutting Rates
Date: February 28, 2024
Oil settles lower as Fed takes stock before cutting rates By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Wednesday after the Federal Reserve held firm on its decision to hold off cutting U.S. interest rates in the near future, while growing U.S. crude stockpiles added further pressure. Brent crude futures settled 3 cents...
TotalEnergies Texas Refinery Running at Minimal Rates, Say Sources
Date: February 22, 2024
TotalEnergies Texas refinery running at minimal rates, say sources By Erwin Seba HOUSTON (Reuters) -TotalEnergies’ 238,000-barrel-per-day (bpd) refinery in Port Arthur, Texas, is operating at minimal production as it contends with multiple upsets on Wednesday, people familiar with plant operations said. The refinery has been struggling to complete a restart following a Jan. 16 plant-wide...
Eni Beats Q4 Profit Forecasts Helped by Favourable Arbitration
Date: February 16, 2024
Eni beats Q4 profit forecasts helped by favourable arbitration By Francesca Landini MILAN (Reuters) -Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), beating analysts’ expectations, helped in part by a positive arbitration outcome. Eni’s full-year net profit totalled 8.3 billion euros, down 38% from a year...
Oil Starts Week Lower After Israel Says ‘concluded’ Gaza Strikes
Date: February 12, 2024
Oil starts week lower after Israel says ‘concluded’ Gaza strikes By Sudarshan Varadhan (Reuters) – Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were down 43 cents, or 0.5%,...
Oil Rises on Slim Progress in Gaza Peace Talks, Weaker Dollar
Date: February 8, 2024
Oil rises on slim progress in Gaza peace talks, weaker dollar By Katya Golubkova and Jeslyn Lerh SINGAPORE (Reuters) -Oil extended gains on Thursday after Israel rejected a ceasefire offer from Hamas, while a weaker dollar also supported prices. Brent crude futures rose 30 cents, or 0.4%, at $79.51 a barrel at 0400 GMT....