oil-and-gas
Top StoriesOil Jumps 3% as Steep US Crude Stocks Draw Adds to Supply Concerns
Top StoriesRussia Temporarily Bans Fuel Exports to Most Countries in Response to Shortages
Top StoriesOil Falls Ahead of Fed Rate Policy Announcement
Top StoriesOil Prices Extend Gains Towards $95 on Tight Supply
Oil Near 10-month Peak on Supply Tightness, US Inflation Data Awaits
Date: September 13, 2023
Oil near 10-month peak on supply tightness, US inflation data awaits By Yuka Obayashi and Muyu Xu (Reuters) -Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. The international benchmark Brent...
Brent Holds Above $90; Traders Eye U.s., European Interest Rates as Guide to Demand
Date: September 12, 2023
Brent holds above $90; traders eye U.S., European interest rates as guide to demand By Stephanie Kelly and Jeslyn Lerh SINGAPORE (Reuters) -Brent crude futures held above $90 a barrel on Tuesday, while investors awaited macroeconomic data that could indicate whether interest rates will rise further in the U.S. and Europe and the repercussions that...
Oil Prices Hit 10-month High as Saudi, Russia Extend Supply Cuts
Date: September 5, 2023
Oil prices hit 10-month high as Saudi, Russia extend supply cuts By Shariq Khan BENGALURU (Reuters) -Oil prices surged 2% on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts by three months to the end of this year, worrying investors about potential shortages during peak winter demand....
Exclusive-Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Demands
Date: September 5, 2023
Exclusive-Shell, Trinidad weigh Venezuela’s natural gas investment demands By Curtis Williams and Marianna Parraga HOUSTON (Reuters) – Shell and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to...
Oil Inches Higher on Opec+ Supply Cut Expectations
Date: September 4, 2023
Oil inches higher on OPEC+ supply cut expectations By Mohi Narayan NEW DELHI (Reuters) – Oil prices edged higher on Monday, supported by expectations that major producers will keep supplies tight, and growing hopes that the Federal Reserve will leave interest unchanged to avoid dampening the U.S. economy. Brent crude November futures was up 3...
Oil Rises 1% on Softer Dollar, US Braces for Hurricane Hit
Date: August 30, 2023
Oil rises 1% on softer dollar, US braces for hurricane hit By Shariq Khan BENGALURU (Reuters) -Oil prices rallied more than a dollar a barrel on Tuesday as the greenback slid, while investors debated the potential impact to energy supply and demand from Hurricane Idalia set to hit Florida this week. Brent crude futures rose...