oil-and-gas
Top StoriesUK Looking to Target Russia’s Energy Sector in New Sanctions
Top StoriesOil Rally to Power on as Sanctions on Russia Throttle Market – Reuters Poll
Top StoriesOil Steadies From Decade-Highs as Iran Talks Kindle Supply Hopes
InvestingStocks Slide as Oil Surge Rattles Inflation Fears
Oil Prices Hit Multi-Year Highs as Supply Tightens
Date: March 3, 2022
By Shadia Nasralla LONDON (Reuters) – Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. Support also came from U.S. crude stockpiles at multi-year lows, helping to lift Brent crude futures as high as $119.84 a barrel...
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Date: March 2, 2022
By Florence Tan and Gavin Maguire SINGAPORE (Reuters) -Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. Brent crude topped $112 a barrel on Wednesday, the highest since...
Russian Oil Disruptions Escalate, Global Prices Rise
Date: March 2, 2022
By Dmitry Zhdannikov and Julia Payne LONDON (Reuters) – Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at least 10 tankers failing to find buyers, driving oil and gas prices higher. The United States and the European Union have imposed harsh sanctions...
Oil Spikes as Russian Supply Disruptions Increase Amid Sanctions
Date: March 2, 2022
By Noah Browning LONDON (Reuters) -Oil prices surged on Wednesday as supply disruptions mounted after sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sources in an already tight market. Brent crude futures rose by nearly $9, touching the highest since June 2014 at $113.94 a barrel before...
Opec+ Swerves Ukraine Crisis and Sticks to Oil Output Plans
Date: March 2, 2022
By Maha El Dahan, Ahmad Ghaddar and Alex Lawler DUBAI/LONDON (Reuters) -OPEC+ oil producers agreed on Wednesday to stick to their plans for a modest output rise in April, ignoring the Ukraine crisis during their talks and snubbing calls from consumers for more crude even as crude prices rocketed higher. Oil prices shot above $110...
TotalEnergies CEO Joined Meeting on Russia at French Presidency – Elysee Official
Date: March 2, 2022
By Benjamin Mallet and Michel Rose PARIS (Reuters) – Patrick Pouyanne, the CEO of TotalEnergies which has become increasingly isolated among oil majors by holding on to its interests in Russia, attended a meeting at the Elysee Palace on Tuesday to discuss the Ukraine crisis and the French government’s position, President Emmanuel Macron’s office said....