oil-and-gas
Top StoriesOil Jumps on Lower-Than-Expected US Inflation Data
Top StoriesOil Rises About 2% With U.S. And China Inflation in Focus
InvestingOil Ticks up as U.S. Inflation Cools, but Prices Set for Monthly Drop
Top StoriesUK Oil, Gas Firms to Leave Year’s Worth of Output in Ground With Tax Hikes-Report
Oil Markets Steady as Investors Weigh Banking Crisis, Russia
Date: March 27, 2023
By Mohi Narayan and Florence Tan (Reuters) -Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session...
Oil Spills and Near Misses: More Ghost Tankers Ship Sanctioned Fuel
Date: March 23, 2023
By Jonathan Saul LONDON (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a “shadow” fleet of tankers carrying oil last year from countries hit...
Oil Dips After Fed Comments, US Crude Stock Build
Date: March 23, 2023
By Stephanie Kelly and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. Brent crude futures fell 66 cents, or 0.9%, to $76.03 a barrel by...
Oil up 2% as Dollar Weakens on Small US Fed Rate Hike
Date: March 22, 2023
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% to a one-week high on Wednesday as the dollar slid to a six-week low after the U.S. Federal Reserve delivered an expected small rate hike while hinting that it was on the verge of pausing future increases. Brent crude futures rose $1.37, or 1.8%,...
U.S. Oil Exports to Europe Hit Record in March on Steep Discounts
Date: March 21, 2023
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries. Record exports to Europe and China this month reflect the rise of United States...
Oil Rises on Demand Hopes as Banking Crisis Fears Subside
Date: March 17, 2023
By Florence Tan and Trixie Sher Li Yap SINGAPORE (Reuters) – Oil prices firmed on Friday after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and oil markets. Brent crude futures firmed...