oil-and-gas
Top StoriesOil Fall Below $90 a Barrel on Report of US-Venezuela Deal
Top StoriesOil Tracks Global Equities Higher, Iea Demand Downgrade Weighs
Top StoriesInvestors on Guard for Oil Price Spike as Middle East Turmoil Rattles Markets
Top StoriesUK’s FTSE 100 Outperforms Peers as Oil Majors Jump on Middle East Conflict
Oil, Gold Jump, Stocks Slip on Middle East Conflict
Date: October 9, 2023
Oil, gold jump, stocks slip on Middle East conflict By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices jumped more than 4%, the U.S. dollar edged up against the euro and global stock indexes eased on Monday as military clashes between Israel and the Palestinian Islamist group Hamas raised fears that the conflict could spread beyond...
Oil Prices Jump as Middle East Violence Rattles Markets
Date: October 9, 2023
Oil prices jump as Middle East violence rattles markets By Andrew Hayley BEIJING (Reuters) -Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies. Brent crude rose $3.10,...
Oil Prices Fall Again; Demand Worries Outweigh Tight Supply
Date: October 5, 2023
Oil prices fall again; demand worries outweigh tight supply By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell about 2% on Thursday, extending the previous session’s nearly 6% losses, as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil output cuts, keeping supply tight. Global benchmark Brent crude futures have declined about $10 a...
UK’s Petrofac Gets Over $600 Million Carbon Capture Contract From Adnoc Gas
Date: October 3, 2023
UK’s Petrofac gets over $600 million carbon capture contract from ADNOC Gas (Reuters) -UK oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carbon capture and storage (CCS) project, as the Abu Dhabi-based company steps up its decarbonisation plan. Energy producers globally have...
Oil Tumbles 2% to 3-week Low on Strong Dollar, Profit Taking
Date: October 3, 2023
Oil tumbles 2% to 3-week low on strong dollar, profit taking By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar strengthened and traders took profits, concerned about rising crude supplies and pressure on demand from high interest rates....
Oil Pares Gains Ahead of Fed Reserve Comments
Date: October 2, 2023
Oil pares gains ahead of Fed Reserve comments By Paul Carsten LONDON (Reuters) – Oil prices pared gains after earlier climbing $1 on Monday, with questions around supply and global demand and ahead of comments from the U.S. Federal Reserve chair that could offer insight on future interest rate moves. Brent December crude futures were...