Oil prices stable as economic fears offset supply woes

Oil prices stable as economic fears offset supply woes

LONDON, Oct 18 (Reuters) – Oil prices were stable on Tuesday as the market balanced cuts to OPEC+ production quotas against fears of economic slowdown and lower Chinese fuel demand. Brent crude futures eased by 7 cents, or 0.08%, to $91.55 a barrel by 1127 GMT while U.S. West Texas Intermediate (WTI) crude futures were … Read more

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

BP, Chevron cut offshore oil production ahead of Hurricane Ian Iraq says OPEC monitoring prices, seeks market balance Coming up: API supply report at 4:30 p.m. EDT, 2030 GMT NEW YORK, Sept 27 (Reuters) – Oil rose more than $1 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs … Read more

Oil prices drop amid China COVID curbs, possible rate hikes

Oil prices drop amid China COVID curbs, possible rate hikes

An oil pump of IPC Petroleum France is seen at sunset outside Soudron, near Reims, France, August 24, 2022. REUTERS/Pascal Rossignol/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 12 (Reuters) – Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the … Read more

Oil edges up from seven-month low as Russia threatens export halt

Oil edges up from seven-month low as Russia threatens export halt

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel Register now for FREE unlimited access to Reuters.com Register U.S. crude stocks jump by nearly 9 million barrels -EIA U.S. weighing need for more oil releases from strategic reserves … Read more

OPEC+ to weigh rollover or small cut at Monday meeting, sources say

OPEC+ to weigh rollover or small cut at Monday meeting, sources say

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015. REUTERS/Heinz-Peter Bader/File Photo Register now for FREE unlimited access to Reuters.com Register OPEC+ meets to set policy on Monday Iran nuclear deal may boost oil supply Russia further cuts gas to Europe Brent … Read more

Europe braces for more cuts in Russian oil and gas exports

Europe braces for more cuts in Russian oil and gas exports

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva Register now for FREE unlimited access to Reuters.com Register CPC says two of three mooring points (SPM) suspended One SPM can handle less than 70% of terminal capacity – sources … Read more

U.S. tells India that Indian ship was used to reroute Russian-linked fuel to New York

U.S. tells India that Indian ship was used to reroute Russian-linked fuel to New York

The Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra, arrives at a news conference after a monetary policy review in Mumbai, India, February 6, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 13 (Reuters) – The United States has expressed concern to India that it was … Read more

Oil prices bounce around on Russian pipeline constraints, recession fears

Oil prices bounce around on Russian pipeline constraints, recession fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register Russia oil exports halted via southern leg of Druzhba pipeline EU puts forward ‘final’ text to resurrect Iran nuclear deal … Read more

Russian court orders halt to Caspian oil pipeline but exports still flow

Russian court orders halt to Caspian oil pipeline but exports still flow

An exterior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. CPC exports around 1.2 … Read more

Japan to take time phasing out Russian oil imports, says PM Kishida

Japan to take time phasing out Russian oil imports, says PM Kishida

Japanese Prime Minister Fumio Kishida delivers a speech at the Guildhall in London, Britain May 5, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register TOKYO, May 9 (Reuters) – Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations … Read more