oil-and-gas
Top StoriesEquinor Q2 Profit Down 57% as Oil and Gas Prices Fall
Top StoriesPertamina, Petronas to Pay up to $650 Million for Shell’s Masela Gas Stake
Top StoriesOil Edges Higher on Lower U.S. Crude Stocks, Cautious Outlook
Top StoriesOil Steadies Amid Economic Concerns, Higher U.S. Crude Stocks
Oil Rises on Opec+ Cuts, Weaker Dollar
Date: July 11, 2023
Oil rises on OPEC+ cuts, weaker dollar By Arathy Somasekhar and Sudarshan Varadhan (Reuters) -Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a weaker dollar. Brent crude futures rose 23 cents,...
Oil Dips $1 on Interest Rate Fears, but Opec+ Cuts Limit Fall
Date: July 10, 2023
Oil dips $1 on interest rate fears, but OPEC+ cuts limit fall By Arathy Somasekhar HOUSTON (Reuters) -Oil prices eased by $1 a barrel on Monday on the increasing likelihood of more U.S. interest rate hikes, but crude supply cuts from top oil exporters Saudi Arabia and Russia limited the losses. Brent crude futures were...
Oil Steadies as Market Digests Supply and Demand Outlook
Date: July 6, 2023
Oil steadies as market digests supply and demand outlook By Natalie Grover LONDON (Reuters) -Oil prices were little changed on Thursday as the market digested tighter crude supply alongside fears of global economic slowdown. Brent crude futures edged up 29 cents to $76.94 a barrel by 0838 GMT after a 0.5% gain the previous day....
US Crude Oil Gains on Supply Cuts, Focus Shifts to Holiday Demand
Date: July 6, 2023
US crude oil gains on supply cuts, focus shifts to holiday demand By Shariq Khan BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark Brent in a post-holiday response to supply cuts announced on Monday by Saudi Arabia and Russia. U.S. West Texas Intermediate crude (WTI)...
Morgan Stanley Cuts Oil Price Forecasts, Sees Surplus in H1 2024
Date: July 5, 2023
Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024 (Reuters) – Morgan Stanley on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of 2024 with non-OPEC supply growing faster than demand next year. The Wall Street bank cut its Brent price outlook for the third quarter this...
Oil up as Market Weighs Supply Cuts Against Gloomy Economic Outlook
Date: July 4, 2023
Oil up as market weighs supply cuts against gloomy economic outlook By Natalie Grover LONDON (Reuters) -Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook. On Monday, Saudi Arabia said it would extend its voluntary output cut of...