oil-and-gas
Top StoriesOpec+ Oil Output Cut Ahead of Winter Fans Inflation Concerns
Top StoriesStocks Retreat, Oil Gains as Opec+ Looks to Cut Oil Supply
Top StoriesOil Maintains Most of Recent Gains Ahead of Opec+ Meeting
Top StoriesOil Jumps More Than $4 as Opec+ Weighs Biggest Output Cut Since 2020
Stocks, Oil Surge as Q4 Kicks Off
Date: October 3, 2022
By Dhara Ranasinghe and Pete Schroeder LONDON/WASHINGTON (Reuters) -The final quarter of the year got a boost Monday as U.S. stocks surged in early trading, shaking off a gloomier start in global markets while oil prices jumped over 5%. Oil prices rocketed upwards after the Organization of the Petroleum Exporting Countries and its allies, a...
Europe Braces for Heavy Oil Refinery Outages Amid Tight Supplies
Date: October 3, 2022
(This September 29 story refiles to fixe typo in analyst’s name in 5th and 7th paragraphs) By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban...
Oil Heads for Weekly Gain as Opec+ Considers Output Cut
Date: September 30, 2022
By Rowena Edwards LONDON (Reuters) – Oil prices were on track for their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell by 52 cents, or 0.59%, to $87.97...
Italy Strengthens Surveillance on Gas Pipelines After Nord Stream Leaks
Date: September 30, 2022
ROME (Reuters) – Outgoing Prime Minister Mario Draghi’s government has strengthened naval surveillance and controls on the pipelines bringing gas to Italy from the south and east, two senior officials told Reuters. The move comes after the discovery of leaks on the Nord Stream pipelines this week. EU states say they believe the damage was...
Factbox-Strikes Knock Already Struggling French Refined Products Sector
Date: September 29, 2022
By Rowena Edwards and Forrest Crellin (Reuters) -More than 60% of France’s refining capacity is off line as strikes over pay and unplanned maintenance pile pressure on the refined products sector. The outages come as Europe looks to ease its dependence on Russian fuel. Here are the oil companies and sites affected by strike action...
Russian Oil and Gas Sector Braces for Tax Hikes of Over $60 Billion in 2023-2025
Date: September 28, 2022
MOSCOW (Reuters) – The Russian government has proposed more than $60 billion in tax increases for the oil and gas industry in 2023-2025, the biggest such rises in the country’s history, as it seeks to plug its budget gap, according to a document published on Wednesday. One of the heftiest burdens was slapped on Kremlin-controlled...