oil-and-gas
Top StoriesOil Rises on Potential U.S. Rate Hike Pause, Debt Bill Passing
Top StoriesEurope’s Biggest Gas Supplier Says All Clear From Pipeline Security Checks
Top StoriesOil Gains After US Leaders Strike Debt Deal
Top StoriesEquinor Shuts Output at Statfjord a Platform Due to Leakage
Oil Eases as Russia Downplays Additional Opec+ Cuts
Date: May 25, 2023
LONDON (Reuters) -Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures was down 41 cents, or 0.5%, to $77.95 a barrel at 0815 GMT. U.S. West Texas Intermediate crude (WTI) fell 51 cents, or 0.7%,...
Oil Rises as US Gasoline Supplies Tighten, Saudi Says: ‘watch Out’
Date: May 23, 2023
Oil rises as US gasoline supplies tighten, Saudi says: ‘watch out’ By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. Brent crude futures rose 85 cents, or 1.1%,...
Oil Slips as U.S. Debt Caution Offset Supply Concerns
Date: May 22, 2023
SINGAPORE (Reuters) -Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures fell 48 cents, or 0.6%, to $75.10 a barrel by 0201 GMT while U.S. West Texas Intermediate (WTI) crude for...
Oil Rebounds on Fading Risk of U.S. Debt Default
Date: May 19, 2023
Oil rebounds on fading risk of U.S. debt default By Noah Browning LONDON (Reuters) -Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 69 cents, or 0.9%, to $76.55 a barrel by 0923...
Oil Trades Sideways Amid US Plan to Refill Reserves, Mixed China Outlook
Date: May 16, 2023
(Reuters) -Oil futures traded sideways on Tuesday, after mostly weaker-than-expected data from China muddied the outlook for demand from the world’s top crude importer while U.S. plans to refill its Strategic Petroleum Reserve (SPR) underpinned prices. Supply worries stemming from wildfires in Canada buoyed prices earlier in the morning. Brent crude futures rose 1 cent,...
Oil Slips as Economic Worries Take Focus Off Tighter Supplies
Date: May 15, 2023
(Reuters) -Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offset bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 26 cents, or 0.35%, to $73.91 a barrel by 0638 GMT, while...