Oil rises above $105 as supply concerns persist

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Iran blames US for halt to Vienna nuclear talks IEA agrees to release more oil Yemen’s warring parties … Read more

Oil prices fall after truce in Middle East conflict, petroleum reserve news

A worker checks a tank at Nahr Bin Umar oil field, north of Basra, Iraq March 22, 2022. REUTERS/Essam Al-Sudani Register now for FREE unlimited access to Reuters.com Register Oil prices extend losses from last week UAE welcomes two-month truce in Yemen – state news agency Price falls come after SPR news last week NEW … Read more

European stocks set for biggest quarterly drop since 2020

A DAX logo is pictured at the trading floor of the stock exchange in Frankfurt, Germany December 29, 2017. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register LONDON, March 31 (Reuters) – European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while … Read more

Oil prices dive as US considers record reserves release

US considers release of 180 mln barrels of oil -sources OPEC+ expected to stick to existing oil output deal SINGAPORE, March 31 (Reuters) – Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near … Read more

Oil rebounds on tight supply, prospects of new Russia sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register LONDON, March 30 (Reuters) – Oil prices jumped by more than $4 on Wednesday on supply tightness and … Read more

Oil slumps as Shanghai lockdown exacerbates fear of weaker demand

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register Shanghai launches two-stage lockdown as COVID-19 cases surge OPEC+ to meet on Thursday More emergency releases of reserves expected TOKYO, March 28 (Reuters) … Read more

China’s Sinopec plans its biggest capital expenditure in history

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture taken January 12, 2017. REUTERS/Chen Aizhu/File Photo Register now for FREE unlimited access to Reuters.com Register BEIJING, March 27 (Reuters) – China Petroleum & Chemical Corp (600028.SS), better known as Sinopec, is planning its highest capital … Read more

Exclusive: China’s Sinopec pauses Russia projects, Beijing wary of sanctions

March 25 (Reuters) – China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine. The move by Asia’s biggest oil refiner to hit the brakes on a potentially half-billion-dollar … Read more

Oil jumps in volatile trade amid CPC pipeline disruption

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register CPC pipeline accounts for 1% of world supply US stocks fall, production flat for 7th week in a row Biden to meet NATO … Read more

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson , California, US, March 11, 2022. Picture taken March 11, 2022. Picture taken … Read more