oil-and-gas
Top StoriesOil Slips on China Lockdowns, but Bullish Trends Intact
Top StoriesShell’s Prelude Lng Facility to Be Hit With Industrial Action From Friday
Top StoriesOil Jumps to 13-week High on Rising U.S. Gasoline Demand
Top StoriesOil Prices Advance Despite U.S. Inventory Rise
Exclusive-Spain’s Repsol in Talks to Sell 25% of Oil and Gas Unit to Eig, Sources Say
Date: June 7, 2022
By Andres Gonzalez, Gram Slattery and Isla Binnie LONDON (Reuters) – EIG Global Energy Partners is in early discussions with Repsol to buy a slice of the Spanish company’s oil and gas exploration and production business, three sources with knowledge of the matter told Reuters. The U.S. fund is seeking to purchase up to 25%...
Israel-Lebanon Sea Boundary Row Obstructs Energy Development
Date: June 6, 2022
BEIRUT/JERUSALEM (Reuters) – A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes. After months of deadlock in U.S.-mediated talks, Beirut on Sunday warned against any activity in the disputed area, responding to the arrival of a vessel to develop...
Oil Tops $120 a Barrel on Saudi Pricing Despite Opec+ Deal
Date: June 6, 2022
By Shadia Nasralla LONDON (Reuters) -Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply. Brent crude was up 64 cents, or 0.5%, to $120.36 a barrel at 1339...
U.S. To Let Eni, Repsol Ship Venezuela Oil to Europe for Debt -Sources
Date: June 6, 2022
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON (Reuters) -Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on...
Oil Prices Hit $120 as Saudi July Price Rise Eclipses Opec+ Deal
Date: June 6, 2022
By Shadia Nasralla LONDON (Reuters) – Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight supply. Brent crude firmed 32 cents, or 0.3%, to $120.04 a barrel at 0858 GMT after touching an intraday...
Barclays Raises Brent Forecasts on Russia Oil Sanctions
Date: June 6, 2022
(Reuters) – Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions by the European Union. The British bank sees Brent prices averaging $111 this year and next, while it sees U.S. West Texas Intermediate...