oil-and-gas
Top StoriesEconomic Headwinds Set to Push Oil Below $100 in 2023: Reuters Poll
InvestingOpec+ Switch to Virtual Meeting Signals Policy Roll-Over Ahead of Russian Oil Price Cap – Sources
Top StoriesOil up on Lower U.S. Crude Stocks and Dollar, Opec+ and China Concerns Limit Gains
InvestingNorway to Postpone Oil and Gas Licensing Round
Oil Steadies as China Covid Hopes Offset by Opec+ Output Concerns
Date: November 29, 2022
By Laila Kearney NEW YORK (Reuters) -Oil rose on Tuesday on hopes for a loosening of China’s strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited gains. Brent crude futures were up 41 cents at $83.60 a barrel by 1:25 p.m. EST (1825 GMT). U.S. West Texas...
Oil Jumps on Hopes for Easing in China’s Covid Controls
Date: November 29, 2022
By Yuka Obayashi and Muyu Xu TOKYO/SINGAPORE (Reuters) -Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country’s zero-COVID strategy over the weekend in big Chinese cities. Brent crude futures advanced $1.4, or 1.7%, and traded at $84.57 a barrel at 0645 GMT. U.S. West...
Europe on Course to End Winter With Plenty of Gas: Kemp
Date: November 29, 2022
By John Kemp LONDON (Reuters) -Europe’s gas inventories are on course to end the winter of 2022/23 at one of the highest levels on record – if prices stay high and provided pipeline deliveries from Russia continue. European Union and United Kingdom (EU28) stocks amounted to 1,061 terawatt-hours (TWh) on Nov. 26, a record for...
Opec+ Meeting to Take Into Account Market Conditions – Iraqi Official
Date: November 28, 2022
CAIRO (Reuters) – The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq’s state news agency quoted Saadoun Mohsen, a senior official at the country’s state oil marketer SOMO, as saying on Saturday. OPEC+’s October decision to reduce production by two million barrels per day (bpd) had played...
Factbox-U.S. Offers New Details on Plan to Cap Russian Oil Prices
Date: November 24, 2022
(Reuters) -New guidance issued by the U.S. Treasury adds more detail to a complex plan by the European Union, G7 nations and Australia to cap the price of Russian oil starting on Dec. 5. Aiming to deprive Moscow of a war profit premium on its oil, the price cap plan has for months left shipping...
UK Says Baker Hughes-Altus Deal May Hurt Competition in Oil Well Services
Date: November 23, 2022
(Reuters) – Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice and...