oil-and-gas
Top StoriesCepsa to Nearly Double Investments Over Next 3 Years as Profit Soars
Top StoriesOil Gains as Russian Supply Cuts Temper Concerns Over Rate Hikes, High Stocks
Top StoriesOil Heads for Weekly Loss on Rate Hike Worries, Ample Supply
Top StoriesUniper Sells UAE Marine Fuels Refinery to Consortium Including Montfort
Oil Prices Dip on U.S. Crude Reserve Release, Inflation Pressure
Date: February 14, 2023
By Shadia Nasralla LONDON (Reuters) -Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for U.S. inflation data for further queues. Brent crude futures fell 80 cents, or 0.9%, to $85.81 per barrel by 1003 GMT, while U.S. crude futures...
Oil Falls on Demand Worry as Fed ‘make or Break Moment’ Approaches
Date: February 13, 2023
By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices eased around 1% on Monday after rising in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming U.S. inflation data and refinery maintenance in Asia and the United States. Brent crude futures fell 86 cents, or 1%, to $85.53 a...
Algeria Regains Spot as Spain’s Top Natural Gas Source -Enagas
Date: February 10, 2023
MADRID (Reuters) – Algeria regained its place as Spain’s main supplier of natural gas in January, providing a quarter of monthly demand, gas grid operator Enagas said on Thursday. While the North African country had accounted for the largest volumes of monthly gas shipments to Spain since Enagas records started in 2006, it fell to...
Oil Falls as Earthquake Impact on Crude Eases, Rate Hike Fears Rise
Date: February 9, 2023
By Laila Kearney NEW YORK (Reuters) -Crude prices eased on Thursday as oil infrastructure appeared to have escaped serious damage from the earthquake that devastated parts of Turkey and Syria, while U.S. inventories swelled and investors worried about Federal Reserve rate hikes. Brent crude settled at $84.50 a barrel, losing 59 cents, or 0.7%. U.S....
Oil Prices Steady After U.S. Stockpile Swell
Date: February 9, 2023
By Shadia Nasralla LONDON (Reuters) – Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained 30 cents to $85.39 a barrel by 0856 GMT, while U.S....
Big Oil Doubles Profits in Blockbuster 2022
Date: February 8, 2023
By Ron Bousso LONDON (Reuters) – Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia’s invasion of Ukraine reshaped global energy markets and, in some cases, the industry’s climate ambitions. The profit surge gave the oil companies scope to increase...