oil-and-gas
InvestingOil Jumps on Russia Supply Jitters, Lower Dollar
Top StoriesExclusive-Russia’s Gazprom Declares Force Majeure on Some Gas Supplies to Europe
InvestingOil Jumps 2.5% as No Immediate Saudi Output Boost Expected
Top StoriesOil Rises on Saudi Oil Production Expectations
Oil Prices Tumble More Than $4 Ahead of Potential Large U.S. Rate Hike
Date: July 14, 2022
By Julia Payne and Rowena Edwards LONDON (Reuters) -Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand. Brent crude futures for September fell by $4.05 to $95.52 a barrel...
Iea Says Oil Market Walking Tightrope Due to Economic, Supply Risks
Date: July 13, 2022
By Noah Browning LONDON (Reuters) – The global oil market is “walking a tightrope” between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions already taking a toll on demand. The cloudy outlook is reflected in volatile trading, with Brent crude...
Brent Slumps to Below $100/bbl on Firm Dollar, Weak Demand Outlook
Date: July 12, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Global benchmark Brent crude tumbled to below $100 a barrel on Tuesday due to a stronger dollar, demand-sapping COVID-19 curbs in top crude importer China and fears of a global economic slowdown. Brent crude futures were down by $7.62, or 7.1%, at $99.48 a barrel by 11:04 a.m. ET (1504...
Brent Crude Falls Below $100/bbl on Higher Dollar, Weak Demand Outlook
Date: July 12, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Global benchmark Brent crude tumbled $7 to below $100 a barrel on Tuesday on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown. The sharp drop followed a month of volatile trading in which investors have sold oil positions on...
Oil Steadies as China Covid Fears Face Tight Supply Concerns
Date: July 11, 2022
By Scott DiSavino NEW YORK (Reuters) -Oil prices were little changed on Monday as markets balanced an expected drop in demand because of mass testing for COVID-19 in China against ongoing concerns over tight supply. Brent futures fell 33 cents, or 0.3%, to $106.69 a barrel by 12:43 p.m. EDT (1643 GMT), while U.S. West...
Analysis-Oil Majors Face Output Slump, Deep Losses if Russia Stops Kazakh Pipeline
Date: July 11, 2022
By Sabrina Valle and Ron Bousso LONDON (Reuters) -Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Kazakhstan, company sources, traders and analysts say. The closure of the CPC pipeline that carries oil from...