oil-and-gas
Top StoriesOil Giants Drill Deep as Profits Trump Climate Concerns
Top StoriesExclusive-India’s Bpcl in Talks With Rosneft to Buy Oil Priced on Dubai Benchmark -Sources
Top StoriesOil Rallies as Grain Markets Tighten, Dollar Falls on Fed Chair Comments
Top StoriesOil Slides More Than $1 on China Growth Uncertainties
Oil Rises as Market Awaits Fed Interest Rate Decision
Date: June 14, 2023
Oil rises as market awaits Fed interest rate decision By Ahmad Ghaddar LONDON(Reuters) – Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC. Brent crude futures were up 76 cents, or 1%, at...
Omv Petrom Makes Largest Crude Oil Discovery in Decades
Date: June 13, 2023
BUCHAREST (Reuters) -Romanian oil and gas group OMV Petrom, majority-controlled by Austria’s OMV, said on Tuesday it discovered new crude oil and natural gas deposits equal to about three quarters of its overall 2022 production. The deposits are the largest crude oil discovery OMV Petrom has made in decades, it said, and were found in...
Oil Falls on Potential Iran Deal, Weak Demand Prospects
Date: June 8, 2023
(Reuters) -Oil prices fell $3 a barrel on Thursday as demand weakness and a report the U.S. and Iran may be approaching a deal on oil exports outweighed expectations of tighter Saudi supply and a potential pause to U.S. interest rate hikes. Oil fell on a news report, citing sources, that Iran and the U.S....
Oil Rises on Saudi Plan to Deepen Output Cuts From July
Date: June 5, 2023
LONDON (Reuters) – Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures were up $1.81, or 2.4%, at $77.94 a barrel...
Oil up Over 2% After US Debt Deal and Jobs Data; Focus Turns to Opec+
Date: June 2, 2023
NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world’s biggest oil consumer and jobs data fueled hopes for a possible pause in Federal Reserve interest rate hikes. The focus is now turning to a meeting of OPEC...
Oil Jumps 3% on US Debt Ceiling Progress, Opec+ in Focus
Date: June 1, 2023
Oil jumps 3% on US debt ceiling progress, OPEC+ in focus By Shariq Khan BENGALURU (Reuters) – Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and passage of the debt ceiling bill in the House of Representatives helped offset data showing rising inventories...