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(Reuters) – Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6% higher on Middle East tensions and as refining outages squeezed refined products markets. Brent crude futures were down 82 cents, or about 1%, at $81.37 a barrel, while U.S. West Texas Intermediate crude futures …
Oil Slips After Rally Last Week on Middle East, Right Supply Read More »
U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 4 to 623 in the week to Feb. 9, its …
U.S. Drillers Add Oil and Gas Rigs for Third Time in Four Weeks – Baker Hughes Read More »
Summary Israeli forces intensify strikes on Rafah city Russia exports more crude in Feb after refinery attacks US sanctions firms, tanker over Russia price cap violation (Reuters) – Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. …
Oil Heads For Weekly Gain as Middle East Conflict Rages Unabated Read More »
Reuters WASHINGTON, Feb 8 (Reuters) – A top U.S. Department of Energy official is set on Thursday to defend President Joe Biden’s pause on approvals of liquefied natural gas (LNG) exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision. Deputy U.S. Energy Secretary David Turk will testify before the …
Top Biden Official to Defend LNG Pause in Senate Hearing Read More »
(Reuters) – Oil prices gained ground on Thursday as investors considered the impact of Israel’s rejection of a ceasefire offer from Hamas and unexpected drops in U.S. fuel stocks. Brent crude futures rose 81 cents, or 1.02%, to $80.02 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures were up 72 cents, or …
Oil Rises on Gaza Ceasefire Rejection and U.S. Stock Data Read More »
Summary Sector offered record returns of $111 bln in 2023 Yet profits dropped sharply from 2022’s peak Boards promise discipline, stability amid uncertain outlook (Reuters) – Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the …
Big Oil Offers Record Returns to Lure Investors back Read More »
Summary Positive U.S. jobs report could delay rate cuts US plans further strikes against Iran-backed groups Ukraine hits Russia’s Volgograd refinery in latest drone attack (Reuters) – Oil prices were steady on Monday following sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and a strong …
Oil Steady as Mideast Strikes Compete with Rate Cuts Caution Read More »
Summary U.S. employers added far more jobs in January than expected International Monetary Fund sees China economic growth slowing Whiting refinery power restored after outage NEW YORK, Feb 2 (Reuters) – Oil prices fell by about 2% on Friday and were headed for weekly losses after U.S. jobs data shrank the odds of imminent interest …
Oil Falls to End the Week as U.S. Jobs Data Dents Hope for Near-Term Rate Cuts Read More »
(Reuters) – Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed Russia’s invasion of …
Exxon Beats Estimates, Ends 2023 With a $36 Billion Profit Read More »
The US House of Representatives will vote on overturning the Biden administration’s freeze on liquefied natural gas export approvals, a top Republican said Wednesday. The vote will take place the week after next, Representative Cathy McMorris Rodgers, who chairs the House Energy and Commerce Committee, said during an interview. The White House announced Friday it was halting approval of new …
Energy and Politics: House to Vote on Reversing Biden’s Natural Gas-Export Freeze Read More »
