oil-and-gas
Top StoriesRussia’s Rosneft Shows H1 Net Income at 652 Billion Rbls
Top StoriesRussia’s Gazprom Neft Q2 Net Profit Falls 43% Y/y
Top StoriesOil Prices Settle Lower on Nagging Worries About Chinese Demand
InvestingUs, Brent Crude Futures Stabilize After Negative Turn
Oil Prices Wobble on Worries Over China Economy, US Rate Path
Date: August 17, 2023
Oil prices wobble on worries over China economy, US rate path By Sudarshan Varadhan SINGAPORE (Reuters) – Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further U.S. interest rate hikes will weaken fuel demand in the world’s...
Oil Drops About 2% on Worries About Chinese Economy
Date: August 15, 2023
Oil drops about 2% on worries about Chinese economy By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell about 2% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s unexpected cut in key policy rates was not sufficiently substantial to rejuvenate the country’s sputtering post-pandemic recovery. Brent crude futures fell $1.60,...
Wall St and Oil Dive as Investors Fret Over Rates, China
Date: August 15, 2023
Wall St and oil dive as investors fret over rates, China By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks fell Tuesday, and oil slid over 1% as investors found fresh concerns over whether the Federal Reserve was done hiking interest rates and the resilience of China’s economy. All three major U.S. equity indexes were down in...
Oil Holds Steady Near Four-Month High on Opec+ Cuts
Date: August 7, 2023
Oil holds steady near four-month high on OPEC+ cuts By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices edged down on Monday, but were still near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices....
Britain Commits to Hundreds of North Sea Oil and Gas Licences
Date: July 31, 2023
Britain commits to hundreds of North Sea oil and gas licences By Sachin Ravikumar and Susanna Twidale LONDON (Reuters) -Britain on Monday committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners. Prime Minister Rishi Sunak confirmed plans...
Oil Climbs Close to April Peak on Tighter Supply
Date: July 27, 2023
Oil climbs close to April peak on tighter supply By Alex Lawler LONDON (Reuters) -Oil climbed by almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains...