oil-and-gas
Top StoriesAnalysis-Recession Fears Deal Blow to Rare 2022 Market Winner: US Energy Shares
Top StoriesOil Drops to 12-wk Low on Recession, COVID-19 Worries
Top StoriesRussian Court Orders Halt to Caspian Oil Pipeline but Exports Still Flow
Top StoriesKremlin Slams Japan’s ‘unfriendly’ Stance Amid G7 Oil Price Cap Talk
Resumption of Deliveries to Europe Boosts Venezuela Oil Exports -Data
Date: July 6, 2022
By Marianna Parraga and Mircely Guanipa (Reuters) -The first Venezuelan crude cargoes sent to Europe in two years helped lift the OPEC nation’s oil exports by 61% last month after a series of setbacks earlier in the year, tanker tracking data and documents from state-run PDVSA showed. Italy’s Eni and Spain Repsol started taking Venezuelan...
Oil Prices Bounce Back From Tuesday Tumble as Supply Concerns Return
Date: July 6, 2022
By Arathy Somasekhar and Emily Chow KUALA LUMPUR (Reuters) – Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. Brent...
European Shares Fall as Strike in Norway Fuels Fears of Energy Crisis
Date: July 5, 2022
By Devik Jain (Reuters) – European stocks fell on Tuesday as a strike by Norwegian oil and gas workers exacerbated worries about an energy shock in Europe and added to concerns over red-hot inflation. The continent-wide STOXX 600 index was down 0.4%. It gave up the opening gains, which were powered by positive economic data...
Japan, South Korea Buyers Not yet Asked to Pay Roubles for Russian Lng Imports
Date: July 5, 2022
By Yuka Obayashi and Joyce Lee (Reuters) – Major Asian buyers of Russian liquefied natural gas (LNG) said they had yet to receive requests to pay for supplies in Russian roubles after a senior manager at gas producer Gazprom floated a proposal to expand the payment scheme. The proposal came just days after Russia moved...
Oil up About $2/bbl as Supply Outages Outweigh Recession Fears
Date: July 1, 2022
By Laila Kearney NEW YORK (Reuters) -Oil prices rose about $2 a barrel on Friday, recouping most of the previous session’s declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Brent crude futures were up $1.81, or 1.7%, at $110.84 a barrel by 11:07...
Factbox: Western Companies in Russian Oil and Gas Sector
Date: July 1, 2022
MOSCOW (Reuters) – President Vladimir Putin has signed a decree to seize full control of Sakhalin-2 gas and oil project in Russia that could force out Shell and Japanese investors, Moscow’s latest broadside in an economic war with the West and its allies. Following are details about companies with Russian exposure and their response to...