oil-and-gas
Top StoriesOil Prices Slide as Hopes for China Demand Rebound Fade
InvestingOil Climbs by $4 as Further Interest Rate Hikes Loom
InvestingOil Falls as Fed Rate Hike Raises Fuel Demand Concerns
InvestingIthaca Energy Closes in on London’s Biggest 2022 Listing
Bp Joins Rivals With Bumper $8.2 Billion Profit
Date: November 1, 2022
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP more than doubled its third-quarter profit from a year earlier to $8.15 billion and expanded its share buybacks by $2.5 billion, joining rivals in reporting bumper profits that have sparked renewed calls for energy companies to pay more taxes. London-based BP joins rivals including Shell,...
Oil up More Than 1% as Weaker Dollar Offsets China Concerns
Date: November 1, 2022
By Rowena Edwards LONDON (Reuters) -Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose $1.56, or 1.68%, to $94.37 a barrel at...
Bp Sees $2.5 Billion UK Tax Bill This Year Including Windfall Levy
Date: November 1, 2022
LONDON (Reuters) – BP expects to pay around $2.5 billion in taxes for its British North Sea business this year, including $800 million in a windfall tax, a spokesperson said on Tuesday. Britain in May imposed the 25% Energy Profits Levy (EPL) on North Sea oil and gas producers to raise money to help households...
Oil Prices Rise as Weaker Dollar Offsets China COVID-19 Concerns
Date: November 1, 2022
By Isabel Kua SINGAPORE (Reuters) – Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, or 0.8%, to $93.54 a...
Oil Falls on U.S. Output Gains, Chinese Demand Doubts
Date: October 31, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Global oil benchmark Brent crude fell more than $1 on Monday on expectations that U.S. production could rise even as weaker economic data out of China and the country’s widening COVID-19 curbs weighed on demand. Brent crude futures dropped $1.22, or 1.3%, to $94.55 a barrel. U.S. West Texas Intermediate...
Oil Falls on China Covid Curbs and Weak Factory Data
Date: October 31, 2022
By Noah Browning LONDON (Reuters) -Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped 69 cents, or 0.7%, to $95.08 a barrel by 1240 GMT, extending Friday’s 1.2% decline. U.S. West Texas Intermediate...