10

Feb

UPDATED: Oil prices jump more than 2% on Russian plan to cut output

By Rowena Edwards LONDON, Feb 10 (Reuters) - Oil prices jumped more than 2% on Friday, heading for weekly gains, as Russia announced plans to reduce oil production next month…

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09

Feb

Gulf nations to remain major oil suppliers to India for a ‘long time’, minister says

BENGALURU, India (Reuters) - India, the world's third-biggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the…

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09

Feb

Oil prices steady amid China demand revival, high U.S. inventories

By Muyu Xu SINGAPORE, Feb 9 (Reuters) - Oil prices were broadly steady on Thursday as the prospect of higher fuel demand in China as it reopens post-COVID curbs was…

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08

Feb

Oil steady on subdued dollar, traders await more inventory data

By Sonali Paul and Jeslyn Lerh SINGAPORE, Feb 8 (Reuters) - Oil prices were little changed on Wednesday amid subdued movements in the dollar, and as investors waited for more…

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06

Feb

Oil prices edge higher as IEA’s Birol talks up China demand outlook

By Sonali Paul and Emily Chow MELBOURNE, Feb 6 (Reuters) - Oil prices slightly inched up on Monday after falling 8% last week to more than three-week lows as concerns…

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03

Feb

Oil stable as market awaits signs of China demand recovery

By Sonali Paul and Jeslyn Lerh SINGAPORE, Feb 3 (Reuters) - Oil prices were little changed on Friday, with major benchmarks headed for their second straight week of losses, as…

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02

Feb

Oil climbs as dollar slumps, OPEC+ keeps output cut policy

By Laura Sanicola and Muyu Xu Feb 2 (Reuters) - Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for…

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01

Feb

Oil rises as slowing U.S. inflation eases recession concerns

By Sonali Paul and Mohi Narayan Feb 1 (Reuters) - Oil prices rose on Wednesday as signs of slowing inflation in the United States eased fears that the world's largest…

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30

Jan

Oil price falls as rate hikes loom, Russian flows stay strong

Oil fell on Monday, giving up earlier gains, as looming interest rate hikes by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone…

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28

Jan

Italy’s Eni signs $8 billion gas deal with Libya

TRIPOLI, Jan 28 (Reuters) - Italian energy company Eni ENI.MI and Libya's National Oil Corporation (NOC) have signed an $8 billion gas production deal, Eni's chief executive Claudio Descalzi said on Saturday. The deal,…

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28

Jan

Italy’s Meloni in Libya concludes $8 billion gas deal

TRIPOLI, Jan 28 (Reuters) - Italian Prime Minister Giorgia Meloni visited Tripoli on Saturday to conclude an $8 billion gas deal aimed at boosting energy supplies to Europe despite the insecurity and…

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26

Jan

Oil steady as market awaits more supply clarity

By Jeslyn Lerh SINGAPORE, Jan 26 (Reuters) - Oil prices were steady on Thursday after U.S. crude stocks climbed less than expected, while investors awaited further clarity on supply drivers,…

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25

Jan

Oil rises on China demand recovery hopes, likely unchanged OPEC+ output policy

By Yuka Obayashi and Muyu Xu TOKYO/SINGAPORE, Jan 25 (Reuters) - Crude oil edged up on Wednesday as optimism for demand recovery in China and a likely unchanged output cut…

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23

Jan

Oil prices retreat in thin trade, but China outlook offers support

By Sonali Paul and Mohi Narayan Jan 23 (Reuters) - Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but…

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20

Jan

Saudi Arabia stays top crude supplier to China in 2022, Russian barrels surge

LONDON/SINGAPORE, Jan 20 (Reuters) - Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while…

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20

Jan

Oil heads for second week of gains on China demand outlook

OPEC and IEA forecast growing Chinese oil demand in 2023 Hopes for Fed downshift on interest rate hikes also support Market shrugs off large increase in U.S. crude inventories By…

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19

Jan

Oil down nearly $1 on bearish U.S. data, crude stocks build

By Emily Chow KUALA LUMPUR, Jan 19 (Reuters) - Oil futures fell by nearly $1 on Thursday, extending losses from the previous day,as a surprise jump in U.S. crude stocks…

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18

Jan

China’s COVID-19 reopening set to push 2023 oil demand to new high -IEA

By Noah Browning LONDON, Jan 18 (Reuters) - The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record high, the…

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18

Jan

UPDATED: Oil prices surge around 1% on optimism over China’s recovery

OPEC says Chinese oil demand to rebound in 2023 after drop U.S. shale oil output set to rise in Feb to record -EIA Russia sees sanctions impact on oil products…

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16

Jan

Oil dips, but hovers near 2023 highs on China demand optimism

By Florence Tan and Jeslyn Lerh SINGAPORE, Jan 16 (Reuters) - Oil prices dipped on Monday, but optimism that China's reopening from COVID restrictions will lift fuel demand in the…

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12

Jan

Oil rises on China demand hopes; upcoming U.S. inflation data caps gains

By Laura Sanicola and Emily Chow Jan 12 (Reuters) - Oil prices edged up on Thursday, building on gains in the previous session as China's demand outlook improved, though gains…

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09

Jan

Norway oil output seen rising 7% in 2023, gas steady at record levels

OSLO, Jan 9 (Reuters) - Norway's oil production is expected to rise by 6.9% this year as the giant Johan Sverdrup field ramps up output while gas volumes are predicted…

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09

Jan

UPDATED: Oil jumps 3% on demand optimism as China borders reopen

China reopens borders in final farewell to zero-COVID Hopes of slower U.S. interest rate hikes boost risk sentiment Oil's gain follows more than 8% drop last week By Alex Lawler…

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05

Jan

Oil rebounds on weaker dollar; economy concerns cap upside

Oil prices edge higher on weaker U.S. dollar after steep losses Front-month market in contango as economy concerns weigh U.S. manufacturing data, China COVID cases dampen sentiment By Jeslyn Lerh…

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04

Jan

Oil falls again as worries grow over global economy, China COVID cases

By Arathy Somasekhar and Muyu Xu Jan 4 (Reuters) - Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to…

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28

Dec

Oil prices inch higher on China demand optimism

By Isabel Kua and Arathy Somasekhar SINGAPORE, Dec 28 (Reuters) - Oil prices edged higher on Wednesday on hopes of a recovery in fuel demand as China continues to ease…

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27

Dec

Putin bans Russian oil exports to countries that imposed price cap -decree

MOSCOW, Dec 27 (Reuters) - President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of oil and oil products to nations participating in the…

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26

Dec

Algeria sets reference price for oil at $60 barrel through 2023/2025

 (Reuters) - Algeria has set the reference price for crude oil at $60 a barrel through 2023-2025, state news agency (APS) said, citing the 2023 budget approved earlier in the…

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23

Dec

Oil rises $1 on Russian supply worries; U.S. storm impact eyed

By Florence Tan and Emily Chow SINGAPORE, Dec 23 (Reuters) - Oil prices rose more than $1 on Friday on expectations of a drop in Russian crude supply, which helped…

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22

Dec

Oil rises on tight U.S. stocks as winter blast hits

By Sonali Paul and Mohi Narayan Dec 22 (Reuters) - Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing…

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19

Dec

Oil rises as China recovery, U.S. buyback plan brighten outlook

By Florence Tan and Muyu Xu SINGAPORE, Dec 19 (Reuters) - Oil rose on Monday as the prospect of demand recovery, led by China's loosening of COVID-19 curbs and the…

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15

Dec

Egypt discovers large gas field in Mediterranean

Dec 15 (Reuters) - Egypt has discovered a large gas field named Nargis in the Mediterranean Sea, Petroleum Minister Tarek El Molla Said on Thursday. Evaluation is still ongoing to…

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15

Dec

Oil dips as dollar firms while more rate hikes loom

By Jeslyn Lerh SINGAPORE, Dec 15 (Reuters) - Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global…

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14

Dec

Oil slips as U.S. crude stock build stirs doubts on demand

Brent, WTI dip after 3% gain in previous session U.S. crude stocks rise 7.8 mln barrels again forecast drop Market looks ahead to Wednesday U.S. Fed meet - analysts By…

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11

Dec

Saudi energy minister sees no clear results yet from Russia price cap

European sanctions, price caps did not bring clear results There is uncertainity in implementation of Dec. 5 measures Central Banks still preoccupied with managing inflation Impact of China easing COVID-19…

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09

Dec

Oil bounces on pipeline shutdown, but heads for weekly loss on demand woes

By Florence Tan Dec 9 (Reuters) - Oil prices bounced on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but both benchmarks were headed for a weekly…

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08

Dec

Oil rebounds after hitting 2022 lows, demand concerns cap gains

By Laila Kearney and Jeslyn Lerh SINGAPORE, Dec 8 (Reuters) - Oil prices rebounded in Asian trade on Thursday after slumping to their lowest level this year in the previous…

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02

Dec

Oil prices edge higher on easing COVID curbs in China, firm dollar limits gains

By Mohi Narayan  (Reuters) - Oil prices inched higher in Asian trade on Friday on hopes for further relaxation of COVID curbs in China, which could help demand recover in…

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28

Nov

UPDATED: Oil prices erase 2022 gains as China’s protests spark demand worries

WTI hits lowest since Dec 2021, Brent at lowest since Jan 2022 Clashes in Shanghai as COVID protests flare across China Investors focus on next OPEC+ meeting on Dec 4…

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25

Nov

Oil up amid wrangling over Russian oil price cap

By Sonali Paul and Trixie Sher Li Yap SINGAPORE, Nov 25 (Reuters) - Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries…

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22

Nov

Shell to ‘evaluate’ 25 bln pound British investments after windfall tax

Shell announced it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government's decision to increase a windfall tax on oil and…

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21

Nov

Oil prices fall around $1 to near 2-month lows as supply concerns ease

By Florence Tan and Emily Chow SINGAPORE, Nov 21 (Reuters) - Oil prices dropped to near two-month lows on Monday, sliding around $1 a barrel, as supply fears receded while…

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18

Nov

Oil rebounds as dollar dips, but demand concerns weigh

By Sonali Paul and Muyu Xu MELBOURNE, Nov 18 (Reuters) - Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on…

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17

Nov

Oil falls on easing geopolitical tensions, China demand worries

SINGAPORE, Nov 17 (Reuters) - Oil prices extended declines on Thursday as concerns over geopolitical tensions eased, while rising numbers of COVID-19 cases in China added to demand worries in…

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16

Nov

Oil prices slip as China COVID worries, firmer dollar outweigh supply concerns

SINGAPORE, Nov 16 (Reuters) - Oil prices slid on Wednesday as COVID-19 cases in China continued to climb, sparking worries of lower fuel demand in the world's top crude importer…

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14

Nov

UPDATED: Oil falls $1 on China COVID surge and firmer dollar

Brent and WTI prices ease after Friday's gains Major Chinese cities report record COVID-19 cases U.S. Fed not softening fight against inflation, governor says By Noah Browning LONDON, Nov 14…

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11

Nov

UPDATED: Oil jumps by 3% as China eases COVID curbs

LONDON, Nov 11 (Reuters) - Oil prices jumped by about 3% on Friday after health authorities in China, the top global crude importer, eased some of the country's heavy COVID…

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10

Nov

Oil steadies as traders await direction from U.S. inflation data

MELBOURNE, Nov 10 (Reuters) - Oil prices steadied on Thursday after falling for three days as the impact of renewed COVID curbs in China, the world's biggest crude importer, weighed…

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03

Nov

Oil slips on strong dollar after Fed rate hike, tight supply lends floor

SINGAPORE, Nov 3 (Reuters) - Oil slipped on Thursday as a U.S. interest rate hike pushed up the dollar and fuelled fears of a global recession, although losses were capped…

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02

Nov

Oil prices rise on demand optimism after U.S. crude stocks drawdown

SINGAPORE, Nov 2 (Reuters) - Oil prices rose more than 1% on Wednesday after industry data showed a surprise drop in U.S. crude inventories, suggesting demand is holding up despite…

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31

Oct

Oil slips on China COVID curbs, weak factory activity data

SINGAPORE, Oct 31 (Reuters) - Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude…

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28

Oct

Oil falls as China widens COVID-19 curbs; still set for weekly gain

SINGAPORE, Oct 28 (Reuters) - Oil prices fell on Friday after China, the world's top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on…

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27

Oct

Oil prices climb on strong U.S. crude exports, China fears linger

TOKYO, Oct 27 (Reuters) - Oil prices rose on Thursday, extending a more than 3% rally in the previous session, boosted by record U.S. crude exports and a weaker U.S.…

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26

Oct

Oil dips on U.S. crude stock build, supply worries limit losses

SINGAPORE, Oct 26 (Reuters) - Oil prices eased on Wednesday after industry data showed U.S. crude stockpiles rose more than expected, but losses were capped by supply worries. Brent crude…

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23

Oct

Barclays sees ‘turbulence ahead’ for oil markets, cuts Brent forecast

 (Reuters) - Barclays has cut its Brent oil price forecasts for this year and 2023, flagging risks to demand from COVID-19 flare-ups in China and a broader global economic slowdown.…

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21

Oct

Oil steady as rate hike talk counters China demand hopes

Oct 21 (Reuters) - Oil prices were near flat on Friday, as optimism about a possible rise in energy demand in China faded and the market weighed concerns about steep…

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20

Oct

Oil prices mixed amid uncertain demand, supply concerns

SINGAPORE, Oct 20 (Reuters) - Oil prices were mixed on Thursday as investors balanced caution over tightening supply against concerns that a global slowdown could curb demand. Brent crude futures…

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