oil-and-gas
InvestingOil Prices Steady as News of Saudi, Russia Meeting Calms Investors
Top StoriesOil Prices Rebound After OPEC Upgrades China Demand Outlook
Top StoriesING Toughens Oil and Gas Policy to Include Trade Finance, Midstream
Top StoriesOil Near Flat as US Crude Stock Draw Contends With Economic Concerns
Oil Steady as Surprise U.S. Crude Draw Counters Rate Hike Jitters
Date: March 8, 2023
By Laila Kearney and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices steadied on Wednesday as industry data showed an unexpected draw in U.S. crude oil inventories, after the market tumbled in the previous session on fears that more aggressive U.S. interest rate hikes would hit demand. Brent crude futures rose 18 cents, or 0.2%, to $83.47...
CERAWEEK-Europe Gas Supplies to Stay Tight 2 More Winters, Equinor CEO Says
Date: March 8, 2023
By Ron Bousso and Simon Webb HOUSTON (Reuters) – Europe will struggle over the next two winters to replace Russian natural gas supplies as China’s appetite for the fuel recovers, the chief executive of Norwegian energy giant Equinor told Reuters on Tuesday. Equinor became Europe’s top natural gas supplier last year after exports from Russia...
Shell, Chevron and Petrobras Weigh Guyana Oil Auction Bids -Sources
Date: March 7, 2023
By Sabrina Valle and Marianna Parraga HOUSTON (Reuters) – Guyana’s coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade’s hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks in an attempt to speed...
Oil Steadies After Dipping on China Outlook; Investors Await Fed Clues
Date: March 6, 2023
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were steady on Monday as top oil executives debated supply tightness at an oil conference in Houston. Oil market and logistics are tight and vulnerable to any unexpected supply disruption, as Russian oil is still getting to the market, but at different costs, oil major Chevron Corp Chief...
India’s Top Explorer Ongc Signs MoU With France’s TotalEnergies
Date: March 6, 2023
NEW DELHI (Reuters) – India’s top explorer Oil and Natural Gas Corp has signed a memorandum of understanding with French major TotalEnergies for exploration of deep-water blocks, the company tweeted on Monday. India, the world’s third biggest oil importer and consumer, ships in over 85% of its oil from overseas. The country wants to quickly...
Oil Prices Stable, Heading for Weekly Gain
Date: March 3, 2023
By Shadia Nasralla LONDON (Reuters) -Oil prices held steady on Friday, poised to register a weekly gain as renewed optimism on China’s demand recovery overrode recession worries over growing U.S. crude inventories and tightening monetary policy in Europe. Brent crude futures edged up by 4 cents, or 0.05%, to $84.79 a barrel by 0936 GMT....