oil-and-gas
Top StoriesVolatile Rouble Falls Again, Cutting Short Slight Recovery
Top StoriesOil Prices Rise on U.S. Drawdown, Chinese Fears Weigh
Top StoriesRussia’s Trust Bank Sells Oilfield Service Firm
Top StoriesKeystone Oil Pipeline Restart Timetable Unclear; Traders Worry About Supply
Oil Edges up on U.S. Pipeline Restart Uncertainty, Russian Supplies
Date: December 12, 2022
By Emily Chow SINGAPORE (Reuters) -Oil prices rose as much as more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. Brent crude futures were up 41 cents, or 0.5%, at...
Oil Rebounds From 2022 Lows on China Demand Hopes, Tanker Delays
Date: December 8, 2022
By Alex Lawler LONDON (Reuters) -Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. China on Wednesday announced the most sweeping changes to...
Hungarian Government Scraps Price Cap on Fuels as Shortage Worsens
Date: December 7, 2022
By Krisztina Than BUDAPEST (Reuters) -Hungary’s government scrapped a price cap on fuels on Tuesday after a lack of imports and panic buying led to fuel shortages across the country in the past days that oil and gas group MOL said created a “critical situation.” Prime Minister Viktor Orban’s chief of staff told a briefing...
Oil Prices Rise After Opec+ Keeps Output Steady, Russian Price Cap Imposed
Date: December 5, 2022
By Noah Browning LONDON (Reuters) -Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities...
Analysis-Energy Hungry Europe Can’t Look to U.S. Shale to Fill Any OPEC Gap
Date: December 2, 2022
By Laila Kearney, Liz Hampton and Arathy Somasekhar NEW YORK/DENVER/HOUSTON (Reuters) – U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running out of runway. Oil output gains are slowing and executives from some of...
India’s Reliance Makes Rare Buy of Russian Naphtha, Ups Fuel Oil Imports
Date: December 2, 2022
By Mohi Narayan NEW DELHI (Reuters) – India’s Reliance Industries, operator of the world’s largest refining complex, is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports, trade flows data from Refinitiv showed. Western sanctions against Russia over its invasion of Ukraine have led to an emergence...