oil-and-gas
Top StoriesBP’s Shares Hit 3-1/2-year High After It Cuts Emissions Targets
InvestingEquinor Shares Soar on Record 2022 Profit, Q4 Beat
Top StoriesLost Russian Oil Revenue Is Bonanza for Shippers, Refiners
InvestingBp Makes Record Profit in 2022, Slows Shift From Oil
FTSE 100 Inches Towards Recent Highs as Bp Shines
Date: February 7, 2023
By Sruthi Shankar (Reuters) – UK’s FTSE 100 rose on Tuesday as bumper earnings from oil giant BP and a rally in energy stocks helped counter investor worries that the Federal Reserve will keep interest rates higher for longer. The blue-chip FTSE 100 rose 0.5%, inching closer to the all-time high it hit last week....
Oil Slumps on Economic Data, Stronger U.S. Dollar
Date: February 3, 2023
By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the dollar strengthened, making crude more expensive for non-American buyers. Brent crude futures settled at $82.17 a barrel, shedding 67 cents, or 0.8%. West Texas Intermediate crude (WTI) settled at $75.88 a barrel, down 53 cents,...
Oil Mixed as Investors Weigh China Demand and U.S. Outlook
Date: January 24, 2023
By Mohi Narayan (Reuters) – Crude oil prices edged higher in Asian trade on Tuesday amid hopes of a fuel demand recovery from top importer China, although concerns about a slowdown in the U.S. economy capped gains. Brent crude was down 7 cents to $88.12 per barrel by 0715 GMT, after rising to a session...
Bank Funding for Renewables Stagnates vs Oil and Gas – Report
Date: January 24, 2023
LONDON (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday. Since 2016 renewable energy has taken 7% of a total $2.5 trillion in bank loans...
Oil Prices Hit 7-week High on Stronger China Outlook
Date: January 23, 2023
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose by around 1% on Monday to a seven-week high, extending last week’s gains on the back of a stronger outlook thanks to an expected economic recovery in top oil importer China this year. Brent crude was up $1.12, or 1.3%, at $88.75 a barrel at 1:14...
Oil Heads for Second Week of Gains on China Demand Outlook
Date: January 20, 2023
By Noah Browning LONDON (Reuters) -Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost to fuel demand in the world’s second-biggest economy. The lifting of COVID-19 restrictions in China is set to increase global demand to a...