oil-and-gas
Top StoriesFrench Refinery Strikes Reduce Output as TotalEnergies Halts Gonfreville
Top StoriesOil Prices Rise on U.S. Production Outages
Top StoriesNorway Beefs up Security Across Oil and Gas Sector
Top StoriesFrench Refinery Strikes Spread as TotalEnergies Halts Gonfreville
Bp, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
Date: September 27, 2022
By Sabrina Valle and Arathy Somasekhar HOUSTON (Reuters) -BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on the top U.S. offshore production region. The category 2 storm was in the Caribbean and forecast to become...
Oil Prices Slide $2/bbl; Settle at 9-month Lows on Dollar Strength
Date: September 26, 2022
By Laura Sanicola (Reuters) – Oil prices fell $2 a barrel on Monday, settling at nine-month lows in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia. Brent crude futures for November settled down $2.09, or 2.4%, to $84.06 a barrel, plunging below levels reached on January...
Oil Prices Edge Down, Recession Fears Back in Focus
Date: September 23, 2022
By Emily Chow SINGAPORE (Reuters) – Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal. Brent crude futures fell 46 cents, or...
Oil Edges Higher on Russian Supply Concerns in Volatile Trade
Date: September 22, 2022
By Laura Sanicola (Reuters) -Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the Bank of England hiked interest rates less than some had expected. Brent crude futures settled up 63 cents, or 0.7%, at $90.46 after rising by more...
EU Windfall Tax Would Cost TotalEnergies More Than 1 Billion Euros – CEO
Date: September 21, 2022
By Benjamin Mallet and Silvia Aloisi PARIS (Reuters) -TotalEnergies is likely to face more than 1 billion euros in additional levies if a European Union scheme to impose extra taxes on oil and gas companies is approved, the French energy company’s CEO said on Wednesday. A debate is raging in European countries over whether oil...
Europe Burns Cash to Help Businesses in Deepening Energy Crisis
Date: September 21, 2022
By Kirsti Knolle, William James and Anne Kauranen BERLIN/LONDON/HELSINKI (Reuters) -Germany nationalised gas importer Uniper on Wednesday and Britain capped wholesale electricity and gas prices for businesses, as Europe splurged cash to keep the lights and heaters on this winter amid an escalating war in Ukraine. Russian President Vladimir Putin added to the energy price...