oil-and-gas
Top StoriesOil Slips to Six-Month Low as Recession Fears Weigh
Top StoriesPummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Billion Net Loss
Top StoriesIndia Eases Russian Oil Buying in July, Boosts Saudi Imports -Trade
Top StoriesRussian Urals Crude Oil Prices Jump Ahead of EU Embargo
Analysis-Oil Prices Turn More Volatile as Investors Exit the Market
Date: August 17, 2022
By Stephanie Kelly and Noah Browning NEW YORK/LONDON (Reuters) – Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility. The exodus of participants, especially hedge funds and speculators,...
Oil Falls to 6-mth Low on Economic Data, Awaits News of Iran Nuclear Deal
Date: August 16, 2022
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell about 3% on Tuesday to their lowest since before Russia’s invasion of Ukraine as economic data spurred concerns about a potential global recession, while the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports. Brent crude futures fell $2.76,...
Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View
Date: August 16, 2022
(Reuters) – Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to “resilient” Russian supplies. The British bank now sees Brent crude averaging $103 this year and next, and U.S. West Texas Intermediate (WTI) to...
Oil Drops as China Data Weighs
Date: August 15, 2022
By Rowena Edwards LONDON (Reuters) -Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns. Brent crude futures fell $4.35, or 4.43%, to $93.80 a barrel by 1351 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was down...
Russia’s Oil Export Duty to Fall to $52/T in Sept -Finance Ministry
Date: August 15, 2022
MOSCOW (Reuters) – Russia’s oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices. The level of duty is calculated by the finance ministry and based on monitoring of seaborne Urals crude oil prices. The ministry...
Exclusive – Pdvsa Pauses Oil-For-Debt Shipments to Europe, Wants Product Swaps
Date: August 12, 2022
By Marianna Parraga HOUSTON (Reuters) – Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, three people familiar with the matter said. Venezuela’s oil company PDVSA no longer is interested in the oil-for-debt deals...