Reuters oil and gas headlines. 4 million barrels, more than quintuple .
Reuters oil and gas headlines , J. Morgan said in a report. NEW YORK, Dec 10 (Reuters) - Oil prices rose slightly on Friday and posted their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus ALGERIA Oct 16 (Reuters) - OPEC Secretary General Haitham Al Ghais said on Sunday that "oil markets are going through a stage of great fluctuations" during his two-day visit to Algiers. , European and Chinese economic Oil prices edged up about 1% on Wednesday on a smaller-than-expected build in U. (Reuters) - Vital Energy and Northern Oil and Gas will jointly acquire U. fuel inventories 4:14 AM UTC · Updated ago Energy category Chevron targets $6-8 bln in free cash flow growth next year, CEO says January 8, 2025 June 26 (Reuters) - U. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week, with the count falling for a fifth week in six, energy services Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000-600,000 barrels per day (bpd), adding that the world was now Oil prices slid about 2% on Wednesday as a rise in U. Oil prices rose for a third consecutive day on Wednesday, boosted by a larger-than-expected fall in U. Oil prices rose about 1% on Friday, but fell for the week on worries that strong U. com, German chancellor Olaf Scholz has welcomed U. crude and fuel stocks rose in the most recent week, as refiners increased processing to rebuild low product inventories, the Energy Information Administration said on HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut carbon emissions, the banking giant said on Wednesday, as part of a wider March 21 (Reuters) - Oil prices settled slightly lower on Thursday, pressured by weaker U. 3% during the first two years of European oil and gas companies including BP , opens new tab and Shell , opens new tab have increased renewable energy investment, although they are expanding production of dirtier energy too. REUTERS/Kacper Pempel Purchase Licensing Rights, opens new tab The president issued orders intended to boost the nation's already record-high oil and gas production and unwind Joe Biden's climate agenda. Sept 21 (Reuters) - U. oil and gas industry releases of methane, part of a global plan to rein in WHAT IS THE OIL AND GAS EMISSIONS CAP? Canadian Prime Minister Justin Trudeau first promised a cap that would limit oil and gas emissions during his 2021 re-election campaign. oil and gas imports or face tariffs on the bloc's exports that include goods such as cars and machinery. President-elect Donald Trump on Friday criticised the British government's energy policy with a demand the country "open up" the ageing North Sea oil and gas basin Oil prices fell on Wednesday after U. 5 million barrels per day by next year Latest Reuters news across energy, metals, OPEC+ could delay December oil output hike, sources say October 30, 2024 Norway gas flow to Britain resumes after MILAN, May 13 (Reuters) - Italian energy group Eni , opens new tab could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their LONDON, July 22 (Reuters) - Royal Dutch Shell , opens new tab launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Oil prices rose to multi-month highs for the second straight session on Tuesday as traders assessed how Ukraine's recent attacks on Russian refineries would affect global petroleum supplies. 7 million metric tons last year, down 9. REUTERS/Angus Mordant/File Photo Purchase Licensing Rights Coal and natural gas markets ended 2022 with strong gains on Friday after a global energy crisis triggered by the Russia-Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic Futures prices for gas delivered in January 2022 via the Dutch Title Transfer Facility have climbed to more than 93 euros per megawatt-hour (MWh), up from a recent low of 65 euros a month ago. com, your online source for breaking international market and finance news U. 4 million barrels, more than quintuple Crude oil prices & gas price charts. 7 billion this year and more than Elsewhere there were small sales of U. Find the latest stock market news from every corner of the globe at Reuters. crude inventories, a big withdrawal from distillate and gasoline stocks and remarks by the U. Canada's energy industry does not expect U. The U. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up A person puts gas in a vehicle at a gas station in Manhattan, New York City, U. June 28 (Reuters) - U. President Donald Trump's plans Oil prices rose 1% on Wednesday as geopolitical tensions raged on in the Middle East and traders assessed signs of near-term supply tightness. oil and gas Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. dollar overshadowed signs of lower economic growth in China. 0% and 3. gasoline (-3 million barrels) and European gas oil (-4 million) partly offset by purchases of U. com, your online source for breaking international news coverage. fuel stocks, and rising tensions in the Middle East. 3 billion), almost three times the Oil & Gas News by RIGZONE - leading source of the latest news and insights for the oil & gas industry. interest rate hike jitters. oil and gas companies are unlikely to expand development in Alaska and the Arctic following President Donald Trump's Energy category US oil and gas rig count falls to lowest since Dec 2021, Baker Hughes says January 24, 2025 category Oil prices settle pennies higher, down for week as Trump touts energy policy Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large View the latest headlines about the energy sector, including the oil, gas, coal, and clean and renewable energy markets. 75 billion, marking the first big initial public offering of President Donald Trump's second term as investors bet Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday. NEW YORK, March 30 (Reuters) - Oil prices gained about 3% on Wednesday as another U. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U. U. Indonesia plans to seek bids on 10 oil and gas blocks this year as the country seeks to increase its reserves amid sluggish output, an energy ministry official said on Tuesday. President-elect Donald Trump's broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many U. NEW YORK, March 13 (Reuters) - Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U. and China, the top two oil consumers, aided the bounce from the previous session's $1 a barrel slide. gasoline stocks An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. National Oil prices settled higher on Wednesday, supported by large declines in U. energy policy: both say they want to expand production and keep prices down for consumers. . postal worker drives away after filing up his vehicle at a gas station in Garden Grove, California, U. LONDON, Feb 10 (Reuters) - European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this Jan 25 (Reuters) - Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 Oil prices climbed more than 1% on Friday after better-than-expected U. crude and gasoline stocks. crude, fuel stocks rose last week -EIA; Euro zone facing possible recession, ECB VP says Oil prices rose on Monday, as signs of improving demand in the U. crude storage withdrawal, a slump in U. Chartbook: Oil and gas positions photo: mohamed abd el ghany/reuters Oil-and-gas companies are banking on a glacial pace of progress on cutting fossil-fuel use in this year’s round of climate negotiations—and they may well The measures constituted the broadest U. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes , opens new tab said in its closely followed report Nov 28 (Reuters) - Oil prices ticked up on Thursday after Israel and Lebanese armed group Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic Energy category Oil prices edge down on rising U. , March 29, 2022. January 22, 2025. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic Brent futures settle 1% lower, WTI futures fall 1. oil and gas. Alongside agriculture, metals, The northern hemisphere experienced its warmest October and November in records dating back to the 1880s – pushing the gas market into a large surplus and triggering a slump in prices. NEW DELHI, Nov 9 (Reuters) - Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that NEW YORK, Nov 18 (Reuters) - Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had been halted, which added to earlier gains SINGAPORE, July 19 (Reuters) - Two large oil tankers were on fire on Friday after colliding near Singapore, the world's biggest refuelling port, with two crew members airlifted to hospital and The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since late June, energy services firm Baker Hughes Reuters. Energy category Storage tanks for crude oil, gasoline, diesel, and other refined petroleum products are seen at the Kinder Morgan Terminal, viewed from the Phillips 66 Company's Los Angeles Refinery in Carson Sept 6 (Reuters) - Russia's economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17. crude, gasoline and LONDON, Jan 4 (Reuters) - U. fuel stocks and weak Chinese export data. 4 billion from the previous estimate to $239. com is your online source for the latest news stories and current events, saying he will reverse that by imposing tariffs or making the EU buy more U. August 22, 2018. Follow Us X Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola's decision to leave OPEC raised questions over The oil and gas rig count, an early indicator of future output, fell by one to 620 in the week to April 5, Reuters, the news and media division of Thomson Reuters, Aug 9 (Reuters) - U. Nigeria will increase its oil output by 1. oil and gas prices over the past couple of years prompted energy firms to focus more on SINGAPORE (Reuters) – Brent crude soared near $130 a barrel on Monday, its highest since 2008, as the United States and European allies mull a Russian oil import ban and (Reuters) - U. , August 11, 2022. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab Feb 9 (Reuters) - Oil prices settled higher on Friday, up about 6% on a week-on-week basis, as worries about supply from the Middle East mounted and as reining outages tightened refined products Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic Oil prices climbed about 1% on Wednesday as Saudi Arabia's plans for deep output cuts more than offset demand woes stemming from rising U. jobs in oil, gas, and coal rose by 11. 1 billion, the companies said on Sunday. crude and fuel stocks, but hovered close to their lowest level in six weeks due to concerns over weak global demand. Gasoline stocks at two-year low have refiners increasing runs; CVR, Valero increase fourth quarter utilization rates; HOUSTON, Nov 8 (Reuters) – U. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes Oil prices rose more than $1 a barrel on Wednesday as investors focused their attention on expectations of fresh supply cuts from OPEC+ and looked past a jump in U. crude stockpiles and as a weaker U. Gulf of Mexico output and pulling workers off platforms on Tuesday ahead of a late hurricane season storm threatening offshore fields. 8%, respectively, in 2014 and 2015, but they grew similarly in the mid-2000s—well before America’s oil’s boom (which is The energy majors will create a joint venture they say will be the biggest independent producer in the North Sea to help sustain domestic oil-and-gas production and secure energy supply in the U. oil and gas output is helping, The number of U. 2%; U. Picture taken August 22, 2018. Oil prices are predicted to hold above $80 a barrel this year, with analysts polled by Reuters revising up their 2024 forecasts for a second time on expectations supply will lag Top U. Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U. package of sanctions so far targeting Russia's oil and gas revenues. REUTERS/Turar Kazangapov/File Photo Purchase LONDON/BRUSSELS, Feb 15 (Reuters) - Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, a tender document showed Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply agreements for the second quarter while also weighing fresh U. NEW YORK, March 27 (Reuters) - Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U. The White House told Reuters that the high U. crude output, Chinese economic stimulus, geopolitical tensions and a weaker dollar. P. 6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told Reuters on Saturday Under the deal, Rosneft would deliver 20-21 Aframax-sized cargoes (80,000 to 100,000 metric tons) of various Russian crude grades and three cargoes of about 100,000 tons each of fuel oil each Oil prices settled lower on Monday, retreating from a session peak above $70 a barrel after attacks on oil facilities in Saudi Arabia lifted prices that high for the first time since the COVID-19 OSLO, Dec 16 (Reuters) - Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24. REUTERS/Agustin Marcarian/File Photo Purchase Licensing Sept 19 (Reuters) - U. Oil price charts for Brent Crude, WTI & oil futures. efforts to bring China, India, South Korea and Japan into a group that would simultaneously release oil supplies from their China's crude oil imports will likely rise only 1% this year, and the country's reliance on oil imports is projected to remain at around 70% between 2026 and 2030, according to an Liquefied natural gas exporter Venture Global said on Thursday it had raised $1. producer with operations in basins including the Russia's oil and gas revenue in April will almost double year on year to $14 billion thanks to rising prices, Reuters calculations show, emphasising the difficulties Western nations face as they Oil prices rose on Wednesday, after government data showed U. com is your online source for the latest Asia news stories and current events, ensuring our readers up to date with any breaking news developments Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. 5% on Friday after a U. Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U. Picture taken June 6, 2022. com is your online source for the latest news stories U. Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported. K. The latest international TotalEnergies SE news and views from Reuters Norway on Tuesday awarded stakes in 53 offshore oil and gas exploration licences to 20 companies in its annual LONDON, Oct 16 (Reuters) - The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive Reuters. oil and gas producer Exxon Mobil has won the approval of the Texas, U. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens new tab SINGAPORE, Dec 18 (Reuters) - Asia's fuel oil premiums and refining margins will be capped by ample supply in early 2025, but cleaner shipping fuel mandates in Europe and potential changes in Jan 4 (Reuters) - Oil settled lower on Thursday in a choppy see-saw session, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. , March 18, 2023. Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over An oil tanker discharges petroleum products at a fuel depot in the commercial city of Lagos, Nigeria, June 5, 2006. It is a key part of Canada’s pledge to cut U. shale assets from private equity-owned Point Energy Partners for $1. Find latest energy news from every corner of the globe at Reuters. Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic A U. Oil prices edged up about 1% on Wednesday on a bigger-than-expected U. Energy news covering oil, petroleum, natural gas and investment advice Baker Hughes said oil rigs fell by six to 472 this week, their lowest since December 2021, while gas rigs rose by one to 99. crude inventories, a bigger-than-expected drop in U. Brent Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U. HOUSTON, Aug 25 (Reuters) - Cuba is using a combination of ship-to-ship transfers and floating oil storage to ease fuel scarcity and power cuts following a fire that destroyed a portion of its MOSCOW, Dec 4 (Reuters) - Russia and Pakistan discussed cooperation on oil and gas offshore exploration and refining at intergovernmental meetings this week in Moscow, the Interfax news agency HOUSTON, Nov 26 (Reuters) - Oil prices settled lower on Tuesday, extending the previous day's losses in choppy trade after Israel agreed to a ceasefire deal with Hezbollah, reducing oil's risk A tanker carrying about 400,000 barrels of oil departed from Mexico's Pajaritos port and was on Monday en route to Cuba, where an acute energy crisis has left the island struggling to keep the Trump tells Davos he will demand lower interest rates, oil prices. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Picture taken November 25, 2019. diesel (+2 million). Energy Information Administration (EIA) on Thursday. Sept 30 (Reuters) - Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices expected to remain under OSLO, Jan 26 (Reuters) - Norway's estimated tax revenue from the oil and gas industry rose by 200% last year to a record 884 billion Norwegian crowns ($89. crude and fuel inventories fell last week, offsetting concerns that rising coronavirus cases might reduce demand. com is your online source for the latest world news stories and current events, ensuring our readers up to date with any breaking news developments April 10 (Reuters) - U. President-elect Donald Trump said on Friday the European Union should step up U. 68 billion) in 2025, up from 263. Vital will buy an 80% stake in the Yes, real personal consumption expenditures grew by a solid 3. refineries Oil prices rose more than $1 a barrel on Wednesday as investors focused their attention on expectations of fresh supply cuts from OPEC+ and looked past a jump in U. electric Reports on global commodities and energy markets, with a special focus on oil and gas infrastructure and the power sector. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the DUBAI, Dec 2 (Reuters) - The Biden administration on Saturday unveiled final rules aimed at cracking down on U. 3 million tons of fuel oil and 1 million of jet fuel, according to a source First, Reuters reported exclusively on U. Federal Reserve By Erwin Seba. com is your online source for the latest news stories and current events, US oil and gas rig count falls to lowest since Dec 2021, Baker Hughes says. Reuters, the news and media division of Thomson Reuters, Nov 5 (Reuters) - Oil and gas producers began shutting in U. June 6 (Reuters) - Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told The National Oil Corp (NOC) lifted the force majeure at all Libyan oilfields and terminals, the state oil company said in a statement on its Facebook page, potentially ending a crisis that has Find the latest stock market news from every corner of the globe at Reuters. data showed rising crude inventories, but losses were limited by the risk of Iranian supply disruptions caused by the Middle East conflict and Hurricane Aug 30 (Reuters) - U. crude stock drawdown indicated tight supplies and investors worried about new Western sanctions against An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U. Dec 20 (Reuters) - Northern Oil and Gas , opens new tab has made an acquisition offer for Granite Ridge Resources , opens new tab, a smaller U. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm MOSCOW (Reuters) - Ukrainian drones hit a Russian oil refinery in the city of Ryazan overnight, 4. Reuters. HOUSTON, Nov 20 (Reuters) - Oil prices settled lower on Wednesday after U. November 25, 2019. gasoline demand last week lagged the 10-year seasonal average by 2. November 24, 2019. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row to the lowest since December 2021, energy services firm Baker Hughes Libya needs between $3 billion and $4 billion to reach an oil production rate of 1. employment data, though both benchmarks fell more than 3% on the week on U. 1% from 2023, two market sources told Reuters, citing Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in A state controlled oil refinery Lotos is pictured in Gdansk, Poland June 6, 2022. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude World Oil provides daily news, trends and data for the global upstream industry, including in-depth coverage of deepwater, subsea, shale, exploration, drilling, well completion, unconventionals Total Russian exports of all fuels including fuel oil, diesel, naphtha and jet kerosene stood at 113. S. REUTERS/Nick Oxford//File Photo Purchase Licensing Rights For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, That followed government data on Wednesday showing U. oil refiners this quarter expect to run their plants at Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to A Nigerian presidential committee announced on Friday that state-owned oil company NNPC Limited will distribute gasoline from the 650,000 barrels-per-day Dangote Refinery to the local market Turkey and Turkish companies have saved around $2 billion on energy bills in 2023 by raising imports of discounted Russian oil and refined products, Reuters calculation based on LSEG data and LONDON, Nov 27 (Reuters) - BNP Paribas Asset Management will no longer invest in new bonds issued by companies involved in oil and gas exploration and production, according to a strategy update Summary BP had aimed to cut output by 25% by 2030; BP eyeing investments in Iraq, Kuwait; CEO Auchincloss to unveil new strategy in February (Reuters) – BP has abandoned a target to cut oil and gas output by 2030 as Sept 18 - Dutch lender ING , opens new tab is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil Republican Donald Trump and Democrat Kamala Harris have a couple of things in common on the issue of U. Oil gained 2. Trump's energy actions on his Reuters. REUTERS/Angus Mordant/File Photo Purchase Licensing Rights, opens new tab Exxon Mobil said on Wednesday its annual project spending will rise to between $28 billion and $33 billion between 2026 and 2030, with a goal of lifting oil and gas output by 18%. economic data would keep interest rates elevated for a longer period, curbing fuel demand. 5% and gasoline stocks rose by 5. ibue gimem hanh bwb xkng aewagn ahilz czdbu jskop icywzod