LONDON (Reuters) – Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Continue Reading
Oil
Oil hits six-week high on Gulf of Mexico storm, Iran tensions
LONDON (Reuters) – Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region. FILE PHOTO: An oil pump is seen at sunset Continue Reading
Oil prices dip on signs of slowing U.S. demand, economic concerns
LONDON (Reuters) – Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken Continue Reading
Oil prices climb as OPEC extends cuts, but demand worries persist
SINGAPORE (Reuters) – Oil gained on Tuesday as producer club OPEC agreed to extend supply cuts until next March, although prices were pressured by worries demand could ease amid hints of a slowdown in the global economy. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil Continue Reading
Airbus Helicopters sees 18-month wait for oil & gas demand pick-up
Visitors look at an Airbus Helicopter H145 on static display during the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, June 18, 2019. REUTERS/Pascal Rossignol PARIS (Reuters) – Airbus expects it will be another 18 months before it sees the first signs of a recovery in Continue Reading
Asian renewable investment to overtake upstream oil and gas spending in 2020: Rystad
An animal farm covered with silicon solar panels is seen in Hohhot, Inner Mongolia autonomous region, China September 2, 2017. REUTERS/Muyu Xu SINGAPORE (Reuters) – Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. Total capital Continue Reading
Brent oil moves toward $73 on Middle East tensions
LONDON (Reuters) – Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Continue Reading
Oil major Total CEO’s compensation drops 17 percent in 2018: company document
FILE PHOTO: Patrick Pouyanne, Chairman of the Board and Chief Executive Officer of Total, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Denis Balibouse PARIS (Reuters) – The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Continue Reading
Oil majors strut into Houston for annual energy conference
(Reuters) – The oil industry converges this week on Houston at CERAWeek, the largest gathering of top energy executives in the Americas, with oil majors showing a bigger presence as the United States has taken the crown as the largest crude producer in the world. FILE PHOTO – A combination Continue Reading
Oil tumbles after Trump tells OPEC to ‘relax’
LONDON (Reuters) – Oil fell by more than 2 percent on Monday, reversing earlier gains after U.S. President Donald Trump told OPEC producers to “relax” as prices were too high. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture Continue Reading