Brent Oil Futures - Feb 22 (BG2)

Brent Oil News & Analysis

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  Bulls take charge as Omicron concerns ease

  By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) - Global equity markets and oil prices surged on Tuesday after a timely shot of Chinese stimulus helped spark a rally that was...

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  Oil rises 3%, extending rally as Omicron fears retreat

  By Nia Williams CALGARY, Alberta (Reuters) - Oil prices climbed by more than 3% on Tuesday, extending the previous day's rebound of almost 5% as concerns eased further about the impact on...

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  Omicron threatens Asia oil demand just as pricing favours Atlantic crude

  By Noah Browning and Florence Tan LONDON/SINGAPORE (Reuters) - Recent shifts in the relative price of different crude grades have dealt oil exporters from the vast Atlantic Ocean basin the...

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  Stocks rally, dollar gains as Omicron fears ease

  By Herbert Lash NEW YORK (Reuters) -The dollar edged higher while U.S. and European shares rallied on Monday after easing concerns about the Omicron coronavirus variant led investors to buy...

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  Oil rebounds by almost 5% on Omicron hopes, Iran talks

  By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed by nearly 5% on Monday on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved...

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  India shares lower at close of trade; Nifty 50 down 1.65%

  Investing.com – India equities were lower at the close on Monday, as losses in the IT, Technology and Healthcare sectors propelled shares lower. At the close in NSE, the Nifty 50 lost 1.65%...

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  Oil gains more than $1/bbl after Saudi price hike

  By Florence Tan SINGAPORE (Reuters) – Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States,...

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  The Oil Price Crash Has Taught U.S. Shale A Valuable Lesson

  The massive oil price correction in November 2021, which turned out to be the worst month for crude since March 2020, came just as U.S. oil producers were drafting their capital budget plans...

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  Crude Tankers To Benefit from Latin American Oil Export Market

  The Latin American crude oil market is expected to benefit the tanker market moving forward. In its latest weekly report, shipbroker Gibson said that “Latin America has historically been...

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  OPEC will continue with supply adjustments for oil market, chief says

  The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on Saturday. “We will continue to...

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  More OPEC production and higher global natural gas prices widen crude oil price spreads

  Recently, prices of high-sulfur crude oils have been declining relative to low-sulfur crude oils. Rising crude oil exports from OPEC members that produce higher-sulfur crude oils, also...

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  OPEC+ veers off collision course with Washington to pump more oil

  OPEC and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a U.S. release from crude reserves and the new Omicron coronavirus...

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  Methane emission reductions in oil & gas sector largely from divestments, says GlobalData

  While some of the largest oil & gas producers have lowered their emissions in line with sustainability goals, GlobalData notes that a large portion of those reductions come from divestments....

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  Iran: Oil sales jump drastically year on year: minister

  Iranian Oil Minister Javad Oji has said the country’s oil sales in the current Iranian calendar year (started on March 21) have increased drastically compared to the previous year, Shana...

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  Oil prices remain steady after Opec moves to review output hikes

  Oil prices rose on Friday after Opec+ said it could review its policy to increase output at short notice if a rising number of coronavirus infections, spurred by the Omicron variant, chokes...

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  U.S. drillers keep oil and gas rig count steady this week -Baker Hughes

  U.S. energy firms this week maintained the number of oil and natural gas rigs with oil prices on track to fall for a sixth week in a row. The U.S. oil and gas rig count, an early indicator...

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  Biden says China may release more oil from reserves

  U.S. President Joe Biden said on Friday China could release more oil from its reserves although it has not done so yet, adding that decreases in gasoline prices are beginning to reach...

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  Energy & Precious Metals - Weekly Review and Outlook

  By Barani Krishnan Investing.com -- Is OPEC the Pied Piper of the oil market? Playing the we-aren’t-troubled-yet-by-Omicron tune, the oil cartel and its allies blew an air of...

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  Analyzing Vista Oil & Gas (NYSE:VIST) & Hempstract (OTCMKTS:HPST)

  Vista Oil & Gas (NYSE:VIST) and Hempstract (OTCMKTS:HPST) are both small-cap oils/energy companies, but which is the better investment? We will compare the two businesses based on the...

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  Saudi non-oil private sector keeps expanding, jobs growth modest – PMI

  DUBAI (Reuters) – Saudi Arabia’s non-oil private sector continued to grow in November on the back of strong demand and modest price pressures for businesses, but lower growth of new...

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  Bitcoin miners say they're helping to fix the broken Texas electric grid — and Ted Cruz agrees

  Crypto enthusiasts believe the fix to ERCOT's reliability problems and price fluctuations is to add another electricity consumer into the mix.

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  OPEC will continue with supply adjustments for oil market, says head

  MILAN (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on...

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  Strategic Oil & Gas (CVE:SOG) Share Price Crosses Above 200-Day Moving Average of $0.02

  Strategic Oil & Gas Ltd (CVE:SOG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.02 and traded as high as C$0.02....

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  Stocks, yields slide after U.S. jobs report as Omicron looms

  By Herbert Lash and Lewis Krauskopf NEW YORK (Reuters) -Global equities and benchmark U.S. bond yields tumbled on Friday in volatile trade after data showed U.S. job growth slowed...

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  Oil steadies, paring gains as rising COVID cases spur demand worries

  By Scott DiSavino NEW YORK (Reuters) - Crude prices ended little changed on Friday after erasing earlier big gains on growing worries that rising coronavirus cases and a new variant could...

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  India shares lower at close of trade; Nifty 50 down 1.18%

  Investing.com – India equities were lower at the close on Friday, as losses in the Green Energy, Banking and Carbon sectors propelled shares lower. At the close in NSE, the Nifty 50 lost...

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  Dollar, shares rise as Omicron fears subside

  By Herbert Lash NEW YORK (Reuters) - A gauge of global equities surged on Thursday as Wall Street rallied on hopes the Omicron COVID-19 variant will prove mild and will not halt a strongly...

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  Oil ends higher after a day of wild swings on OPEC, Omicron

  By Arathy Somasekhar (Reuters) -Oil prices settled more than 1% higher on Thursday, after a see-saw session that saw benchmarks swing in a $5 range after OPEC+ surprised markets by sticking...

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  OPEC+ agrees to go ahead with oil output rise, as U.S. pressure trumps virus scare

  By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON (Reuters) -OPEC and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears...

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  Marketmind: Vol takes a toll

  A look at the day ahead from Sujata Rao.COVID fears, the approach of year-end and the Fed signalling policy tightening -- it's a recipe for turbulence and that's what we are seeing. The VIX,...

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  Oil falls, stocks falter on Omicron variant concerns

  By Herbert Lash NEW YORK (Reuters) - A gauge of global equity markets retreated from early gains on Wednesday as concerns about the first U.S. case of the Omicron variant and...

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  Oil prices sink again as traders use Omicron as an excuse to hit 'sell'

  By Arathy Somasekhar (Reuters) -Crude oil futures settled lower on Wednesday, as an early rally fizzled and selling intensified on worries the Omicron variant of coronavirus could cut oil...

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  OPEC+ weighs output policy amid oil price slide, Omicron fears

  By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) - OPEC and its allies will decide on Thursday whether to release more oil into the market or restrain supply amid...

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  Japan shares higher at close of trade; Nikkei 225 up 0.41%

  Investing.com – Japan equities were higher at the close on Wednesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the...

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  Stocks, oil slide as Omicron worries push investors to safe havens

  By David Randall NEW YORK (Reuters) - Global stock benchmarks and oil prices fell sharply on Tuesday after drugmaker Moderna (NASDAQ:MRNA) warned that existing vaccines are unlikely to be...

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  Oil slumps on Omicron fears; posts biggest monthly fall in 20 months

  By Stephanie Kelly NEW YORK (Reuters) - Oil prices tumbled on Tuesday after Moderna (NASDAQ:MRNA)'s chief cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus...

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  Oil bound for gains as OPEC+ guards supply, but virus threat looms - Reuters poll

  By Brijesh Patel and Ashitha Shivaprasad (Reuters) - Oil prices will stay elevated into next year as OPEC+ keeps a tight leash on supply despite U.S.-led strategic crude releases, a Reuters...

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  Analysis-Ready to pounce: Investors prepare for swings, opportunities as Omicron variant spreads

  By Maiya Keidan (Reuters) - The latest COVID-19 virus variant has sparked a wild ride in markets. Investors say the volatility probably isn't over yet, as they look for selective...

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  Investors cling to hope as Omicron spreads, shares rebound

  By Matt Scuffham and Dhara Ranasinghe NEW YORK/LONDON (Reuters) - A semblance of calm returned to world markets on Monday as investors waited for more details to assess the severity of the...

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  Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city

  By Lisa Pauline Mattackal and Medha Singh (Reuters) - Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with El Salvador a...

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  Oil recoups losses from Friday, focusing on Omicron spread, Iran talks

  By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Monday, recouping some losses after Friday’s plunge of about $10 a barrel, as investors looked for bargains but remained cautious...

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  Stocks, oil regain some composure after Omicron battering

  By Wayne Cole SYDNEY (Reuters) – Asian markets were trying to regain some composure on Monday as the spread of the Omicron variant in developed nations threatened to derail economic...

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  U.S. stock futures, crude oil rise as investors watch for Omicron's effects

  Futures for the three major U.S. stock averages rise as investors consider the potential effects of the Omicron variant of the COVID-19 virus.Two South African health experts,...

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  Product Tanker Market Expected To Weather Short-Term Turbulence

  The emergence of yet another virus variant has trigerred a renewed wave of fear in the global market, oil included. In its latest weekly report, shipbroker Gibson said that “Europe is once...

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  VLSFO cash premium, time spread surge on tight supplies

  Asia’s 0.5% very low-sulphur fuel oil (VLSFO) cash differential and market structure extended gains to fresh highs on Friday, buoyed by firm demand and limited supplies. The VLSFO cash...

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  OPEC+ monitoring new virus variant, some concerned over outlook – sources

  OPEC+ is monitoring developments around the new coronavirus variant, sources said on Friday, with some expressing concern that it may worsen the oil market outlook less than a week before a...

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  Oil demand to return to 2019 levels by end of 2022: Baker Hughes CEO

  Oil demand will return to 2019 levels by the end of 2022, despite some delays in projects due to repercussions from the pandemic, Baker Hughes CEO Lorenzo Simonelli told Al-Arabiya. National...