oil-and-gas
Top StoriesEquinor Trims Cash Payouts, Share Price Drops 7%
Top StoriesBig Oil Offers Record Returns to Lure Investors Back
Top StoriesOil Rises on Large US Fuel Stock Draws, Slower Output Growth
Top StoriesOil Falls as US Jobs Data Dents Hope for Near-Term Rate Cuts
Oil Prices Buoyed by US Signals on Interest Rate Cuts
Date: February 1, 2024
Oil prices buoyed by US signals on interest rate cuts By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Thursday, boosted by the U.S. Federal Reserve signalling a possible start to interest rate cuts in coming months. Brent crude futures were up 61 cents at $81.16 a barrel at 11:23 a.m. EST (1623...
Oil Dips on Faltering China Economy, US Crude Stock Build
Date: January 31, 2024
Oil dips on faltering China economy, US crude stock build By Laura Sanicola (Reuters) -Oil prices fell on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in U.S. crude inventories as oil producers ramped up output after following frigid weather earlier this month. Prices were also pressured after...
Oil Slips on China Economic Headwinds
Date: January 30, 2024
Oil slips on China economic headwinds By Ahmad Ghaddar LONDON (Reuters) – Oil prices edged lower on Tuesday, extending a more than 1% drop in the previous session on China’s economic outlook, though losses were kept in check by supply fears driven escalating tensions in the Middle East. March Brent crude futures, which are due...
Opec+ Unlikely to Decide Oil Policy on Feb 1, Will Wait Several Weeks – Sources
Date: January 26, 2024
OPEC+ unlikely to decide oil policy on Feb 1, will wait several weeks – sources By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC+ will likely decide its oil production levels for April and beyond in the coming weeks, OPEC+ sources said, adding that a meeting of a key ministerial panel next...
Oil Prices up 1% to 4-week High on Big US Crude Withdrawal, China Stimulus
Date: January 24, 2024
Oil prices up 1% to 4-week high on big US crude withdrawal, China stimulus By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 1% to a four-week high on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a drop in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker U.S. dollar. Brent...
Oil Rises as Geopolitics Counter Demand Concerns
Date: January 22, 2024
Oil rises as geopolitics counter demand concerns By Natalie Grover LONDON (Reuters) -Oil prices rose on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds dampening global oil demand. Brent crude rose 90 cents to $79.46 a barrel by 1450 GMT. The front-month U.S....