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(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen (Reuters Breakingviews) – It is generally a good thing when a chief executive worries about his company’s share price. The danger is seeking superficial fixes. Ever since Shell CEO Wael Sawan took charge last year, he has made it his …
Shell’s Value Gap is More Strategy Than Geography Read More »
U.S. lawmakers have tucked sanctions on Iran’s oil exports in the House of Representatives’ aid package for Ukraine, Israel and the Indo-Pacific after Tehran’s missile and drone strike on Israel last weekend. If passed through both the House and Senate and signed by President Joe Biden and then implemented and enforced, the measures could eventually …
Iran Oil Sanctions in U.S. Aid Package for Ukraine Read More »
(Reuters) – Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a major escalation to hostilities in the Mideast appeared to ease. After the benchmark contracts jumped more than $3 in the session, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel …
Oil Slips Despite Reported Israeli Attack on Iran Read More »
Goldman Sachs on Thursday raised its Brent crude oil price forecasts, projecting $86 a barrel for the second half of 2024, up from $85 previously, and $82 for 2025, up from $80.It said prices were likely to stay at the higher end of its forecast range, citing disappointing U.S. supply and a likely sticky geopolitical …
Goldman Sachs Hikes Brent crude Forecasts for 2024 and 2025 Read More »
Petroleum prices have fallen following Iran’s missile and drone assault on Israel, confounding expectations that the escalation of the shadow war would cause them to rise. Like major industrial accidents, extreme moves in oil prices, spikes or slumps, are always the product of multiple factors rather than a single cause. Spikes usually occur when the …
Oil Traders Sanguine About Risks From Israel-Iran Conflict: Kemp Read More »
The US president must hold Maduro to account while keeping a lid on domestic gas prices in an election year. Joe Biden must decide this week whether to reinstate oil sanctions on Venezuela — a matter entangled with two of the American president’s biggest headaches in an election year: inflation and immigration. The six-month waiver …
Biden Confronts Tough Choice Over Venezuela Oil Sanctions Read More »
Summary Prices fall for fourth straight session, down 4% on week OPEC spare capacity could offset Iran sanctions, analyst says EIA: U.S. crude inventories up 2.7 million barrels (Reuters) – Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key producing region of the Middle East, …
Oil Extends Losses on Easing Middle East Tension, Demand Concerns Read More »
U.S. crude oil stockpiles rose and gasoline and distillate inventories fell more than forecast last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 2.7 million barrels to 460 million barrels in the week ending April 12, the EIA said, nearly double analysts’ expectations in a Reuters poll for a 1.4 million-barrel …
U.S. Crude Stockpiles Rise, Products Draw Down More Than Forecast – EIA Read More »
(Reuters) – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and …
What the March Higher in Oil Means for World Markets Read More »
Summary Fed’s Powell: need higher interest rates for longer U.S. stocks seen up 1.4 million barrels – poll Market unwinding war premium, says analyst (Reuters) – Oil prices slipped for a third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate …
Oil Dips as Demand Worries Outweigh Middle East Supply Risks Read More »
