
Oil drops to 12-wk low on recession, COVID-19 worries
By Scott DiSavino NEW YORK (Reuters) -Oil prices dropped to a 12-week low in volatile trade on Wednesday, extending Tuesday's heavy losses as growing fears of demand destruction from a...
By Scott DiSavino NEW YORK (Reuters) -Oil prices dropped to a 12-week low in volatile trade on Wednesday, extending Tuesday's heavy losses as growing fears of demand destruction from a...
By Liz Moyer Investing.com -- U.S. stocks wobbled on Wednesday as investors awaited the minutes from the Federal Reserve’s latest policy meeting in June, which could reveal its thoughts for...
By Peter Nurse Investing.com -- Oil prices rose Wednesday, bouncing after the previous session’s heavy losses as traders renewed their focus on supply tightness despite worries over...
By Peter Nurse Investing.com -- U.S. stocks are seen opening marginally lower Wednesday, amid a degree of caution ahead of the release of the minutes from the latest Federal Reserve...
By Geoffrey Smith Investing.com -- The Federal Reserve releases the minutes of its last meeting, while New York Fed President John Williams will provide more up-to-date commentary on the...
By Peter Nurse Investing.com - European stock markets traded higher Wednesday, rebounding strongly with investors seeking bargains after the previous session’s slump on increasing recession...
By Peter Nurse Investing.com - European stock markets are expected to open higher Wednesday, regaining some poise after the previous session’s slump on increasing recession fears. At 02:00...
By Zhang Mengying Investing.com – Oil was up on Wednesday morning in Asia, as investors shifted their focuses to supply tightness although recession worries mounted. Brent oil futures rose...
@page { size: 21cm 29.7cm; margin: 2cm } p { line-height: 115%; margin-bottom: 0.25cm; background: transparent } Japan Deputy Chief Cabinet Secretary Kihara: actual price cap figure for...
By Arathy Somasekhar (Reuters) – Crude oil futures rose nearly 3% on Wednesday as investors piled back in after the heavy rout in the previous session, shifting their focus again to...
ING with a pithy summary of oil supply woes, commenting in wake of the big plunge in price on Tuesday: The oil market remains tight and given the expectation that Russian oil...
Austria's energy minister said it intends to order industry and utilities to switch from using natural gas as it looks to stockpile more natural gas to help insulate it from being cut off...
Tuesday saw a huge drop for the oil price. Too far says Goldman Sachs. Citing the global supply deficit still remaining unresolved. Headline via news wires. GS have a point. This article...
This from Bloomberg, citing analysts at Citi. In a recession scenario, Brent crude oil prices could fall back down to $65/bbl on their way to the bottom of the cost curve by...
The oil and gas industry is "under siege" OPEC Secretary General Mohammad Barkindo said on Tuesday. After years of underinvestment on a global scale, the oil and gas industry is now "facing...
Russian court order: The Caspian Pipeline Consortium has been ordered to halt Black Sea oil loadings for 30 days Due to violations of a spill-prevention plan. Info via...
Crude oil prices fell by nearly 7% on Tuesday as fears of a recession mount—a scenario that could put a dent in oil demand. The plummeting price action comes as Saudi Arabia announced a...
I don't know if anyone had some fun with this one from last week: Oil technical analysis - daily chart prints a reversal candle - unleash the bear? There were two comments on that...
Oil and gas companies have emerged as the only bright spot in a deeply bearish U.S. stock market, thanks to soaring commodity prices fuelled by the war in Ukraine. The S&P 500 ended H1 2022...
Russia’s lower house of parliament approved on Tuesday amendments in the country’s tax code that would slap a windfall tax on Gazprom of the equivalent of $20 billion between September and...
Wall Street analysts sharply increased their Exxon Mobil Corp (XOM.N) second-quarter profit estimates on Tuesday, after the largest U.S. oil producer projected it could almost double its...
Dutch and British wholesale gas prices rose on Tuesday morning as flows from Russia dipped and strikes at Norwegian oil and gas infrastructure added to concerns over supply. The Dutch...
Saudi Arabia, the world’s top oil exporter, raised August crude oil prices for Asian buyers to near record levels amid tight supply and robust demand. The official selling price (OSP) for...
Russia’s former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil...
Surging gasoline prices in the U.S. are showing signs of impact on consumption, according to one risk analyst. “We’re starting to see some signs of demand destruction, particularly for...
Norwegian offshore workers on Tuesday began a strike that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding...
Iran’s refining capacity has increased by more than 480,000 bpd from 2011 to 2021, according to OPEC’s Annual Statistical Bulletin. Iran’s refining capacity in 2011 was reported to be 1.715...
Schlumberger, Baker Hughes and Halliburton are in the process of liquidating and exiting existing tenders and contracts in Iraq’s semi-autonomous Kurdistan region to be in compliance with a...
ExxonMobil’s slew of major oil discoveries in offshore Guyana since 2015 has seen the deeply impoverished former British colony become a hotspot for offshore drilling activity. That has...
A lack of major oil discoveries and meager proven reserves of 2 billion barrels saw Colombia look to hydraulic fracturing as a means of securing the future of its economically crucial...
Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100 -a-barrel mark on Tuesday for the first time in...
Oil-related exchange traded funds plunged on Tuesday, with crude prices dipping below $100 per barrel, as recession fears fueled concerns that an economic slowdown will sap demand. On...
Oil futures fell sharply on Tuesday, with U.S. prices below the $100-a-barrel mark - at their lowest in more than two months, pressured by strength in the U.S. dollar and concerns over a...
By Liz Moyer Investing.com -- U.S. stocks opened lower on Tuesday after the long holiday weekend as investors renewed their fears about a looming recession. At 9:43 AM ET the Dow Jones...
By Peter Nurse Investing.com -- Oil prices retreated Tuesday, weighed by concerns of a global economic slowdown, although further supply disruptions means the market remains tight. By...
By Senad Karaahmetovic Citi strategist Francesco Martoccia is projecting a substantial pullback in oil prices in case recession fears come to fruition. The strategist took note of...
By Peter Nurse Investing.com - European stock markets edged lower Tuesday, with concerns about the region’s economic recovery diluting the positive start to the new month. By 04:20 AM ET...
By Peter Nurse Investing.com - European stock markets are expected to open higher Tuesday, continuing the positive start to the new month with investors focusing on guidance from a number...
By Zhang Mengying Investing.com – Oil was up on Tuesday morning in Asia over supply tightness concerns as a strike in Norway threatened to disrupt oil and gas output. Brent oil futures rose...
The United States, the EU, and G7 are already shunning and banning Russia’s oil in the wake of the Russian invasion of Ukraine. But the West has failed to limit the most significant...
For many years now, Saudi Arabia has been wildly exaggerating every metric connected to its oil business, from how much crude it can produce to its level of reserves and everything in...
India’s windfall tax on oil companies and refiners, introduced last week, could stay for a very long time, as the government plans to withdraw it only when oil prices drop by $40 per barrel...
Last year proved to be a watershed moment for oil and gas companies in the global transition to clean energy, with Big Oil facing a series of boardroom and courtroom battles against hardline...
Germany is considering amending its energy security law to allow the government to take stakes in struggling energy firms or impose levies on consumers, Reuters reported on Monday, citing...
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