oil-and-gas
Top StoriesOil Prices Head for Fourth Weekly Drop as Demand Fears Weigh
InvestingOil Eases on Lackluster Chinese Import Data, U.S. Economy Woes
Top StoriesOil Climbs Almost 3% as Recession Fears Begin to Fade
Top StoriesPortugal’s Galp Quarterly Profit up 62%, Below Market Forecast
Oil Slumps 5% to Five-Week Low Amid US Debt Default Fears
Date: May 3, 2023
Oil slumps 5% to five-week low amid US debt default fears By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. Brent futures fell...
Norway Plans to Nationalise Gas Pipelines When Concessions Expire
Date: April 28, 2023
Norway plans to nationalise gas pipelines when concessions expire By Gwladys Fouche and Nerijus Adomaitis OSLO (Reuters) -Norway plans to nationalise most of its gas pipeline network when many existing concessions expire in 2028, the oil and energy ministry said on Friday, to tighten control over key infrastructure. Norway has become Europe’s largest supplier of...
Oil Prices Steady on Uncertain Global Outlook and Supply Concerns
Date: April 24, 2023
Oil prices steady on uncertain global outlook and supply concerns By Noah Browning LONDON (Reuters) – Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of tightening supplies. Brent crude slipped 22 cents, or 0.3%, to $81.44 a...
Data Plays a Vital Role in Increasing Liquidity and Pricing Transparency in Oil Swaps
Date: April 19, 2023
By Francesca Marrone, Commodity Product Manager, TraditionData Oil price movements seen between the outbreak of Covid and the Russian invasion of Ukraine were sharper than at any time in the past 70 years, with levels of market volatility at their highest in at least 15 years. This has exacerbated challenges already present in the marketplace,...
Oil Dips as Potential Fed Rate Hike Overshadows Falling Stocks
Date: April 19, 2023
Oil dips as potential Fed rate hike overshadows falling stocks By Laila Kearney and Muyu Xu (Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed...
Oil Gains After Iea Sees Demand Rising to Record High
Date: April 14, 2023
Oil gains after IEA sees demand rising to record high By Ron Bousso LONDON (Reuters) -Oil prices rose on Friday after the West’s energy watchdog said it expected global demand to rise to a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency (IEA) also warned that...