oil-and-gas
Top StoriesEquinor Evaluating Impact of British Windfall Tax on Projects
Top StoriesShell to ‘evaluate’ 25 Billion Pound British Investments After Windfall Tax
Top StoriesOil Prices Ease to Trade Near 2-month Lows on China Demand Fears, Dollar Strength
InvestingOil Heads for Second Weekly Decline as Demand Concerns Weigh
Oil Falls on China Covid Surge and Firmer Dollar
Date: November 14, 2022
By Noah Browning LONDON (Reuters) -Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer. Brent crude futures were down 91 cents, or 1%, at $95.08 a barrel by 1301 GMT after...
Oil Settles Higher, Posts Weekly Loss as China Eases Covid Curbs
Date: November 11, 2022
By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but fell week-on-week after health authorities in China eased some of the country’s heavy COVID-19 curbs, raising hopes for improved economic activity and demand in the world’s top crude importer. Brent crude futures settled up $2.32 at $95.99 a barrel, extending a 1.1% rise from...
Oil Drops for Fourth Day on China Demand Concerns
Date: November 10, 2022
By Alex Lawler LONDON (Reuters) -Oil extended losses on Thursday for a fourth consecutive session as renewed COVID curbs in China raised concern about fuel demand in the world’s biggest crude importer. China is battling a rebound in infections in several economically vital cities, including the capital Beijing. In the manufacturing hub of Guangzhou, millions...
U.S.-sanctioned Oil Tanker Stuck in Indonesia Carries Venezuelan Fuel
Date: November 10, 2022
By Marianna Parraga HOUSTON (Reuters) -A grounded oil supertanker under U.S. Treasury Department sanctions being refloated in Indonesia is filled with Venezuelan fuel, according to vessel monitoring services. Treasury’s Office of Foreign Assets Control last week imposed sanctions on the stranded tanker, Young Yong, for its part in an international oil smuggling network that Washington...
Oil Prices Ease on U.S. Inventory Build, China Covid Worries
Date: November 9, 2022
By Sonali Paul and Isabel Kua SINGAPORE (Reuters) -Oil prices slid on Wednesday as industry data showed U.S. crude stockpiles rose more than expected and on worries a rebound in COVID-19 cases in top importer China would hurt fuel demand. Brent crude futures fell 44 cents, or 0.5%, to $94.92 a barrel by 0454 GMT,...
Russia’s Sberbank Sues Glencore for $116 Million Over Oil Supplies
Date: November 7, 2022
MOSCOW (Reuters) – Russia’s largest lender, Sberbank, is suing global commodities trader Glencore for around 117 million euros ($116 million) over unpaid oil supplies, the database of Moscow’s Arbitration Court showed on Monday. The database showed Sberbank was seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements, worth roughly 58...