Oil soars after Saudi facility attacks, weak China data hits shares

SYDNEY (Reuters) – Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as bleak economic data from China sapped investors’ risk appetite. FILE PHOTO – Passersby are reflected on a stock quotation board outside Continue Reading

Oil prices edge higher on Chinese economic data

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 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