Oil prices rise 1% after sinking in previous session
April 20 (Reuters) - Oil prices rose about 1% on Wednesday, gaining back some of their losses during the previous session on concerns about energy demand after the International Monetary Fund (IMF) cut its economic growth forecasts.However, the demand…
Mexico lower house backs mining law change to nationalize lithium
MEXICO CITY, April 18 (Reuters) - Mexicos lower house of Congress on Monday passed an amendment to mining legislation in order to nationalize the countrys lithium reserves, a day after the bill was sent to lawmakers by President Andres Manuel Lopez Ob…
TotalEnergies, ENEOS launch study for SAF production at Negishi refinery
TotalEnergies SE and ENEOS Corp. Ltd. are conducting a joint feasibility study to assess potential future production of sustainable aviation fuel (SAF) at ENEOS’s 270,000-b/d Negishi refinery in Yokohama City, Kanagawa Prefecture, Japan.Already under…
Oil rises on news EU may phase in a ban on Russian oil imports
HOUSTON, April 14 - Oil prices settled higher on Thursday after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports.Brent futures settled up $2…
Oil markets open slightly lower as market weighs mixed supply signals
April 14 - Oil futures were down slightly Thursday morning, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply.Brent futures were down 38 cents, or 0.…
Saudi Arabia leads OPEC decision to drop IEA data as US ties fray
DUBAI, April 12 (Reuters) - A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the Wests energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said, adding to strain on ties betwee…
Gasoline seen boosting U.S. consumer prices in March
WASHINGTON, April 11 (Reuters) - U.S. consumer prices likely increased by the most in 16-1/2 years in March as Russias war against Ukraine boosted the cost of gasoline to record highs, resulting in annual inflation rising at its fastest pace since the…
Oil drops on worries about lockdowns in China, release of reserves
April 11 (Reuters) - Oil prices dropped more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as Chinas lockdown…
Oil settles lower on doubts about Russia oil sanctions
April 7 (Reuters) - Oil settled lower on Thursday, adding to weekly losseson uncertainty that the euro zone will be able to effectively sanction Russian energy exports and after consuming nations announced a huge release of oil from emergency reserves…
Oil slumps to three-week low after Fed minutes, big IEA reserve release announcement
NEW YORK, April 6 (Reuters) - Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supplyand hawkish minutes from the U.S. central bank that bolstered the dollar.Selling ac…
Oil extends losses on higher dollar, U.S. stock build
TOKYO, April 6 (Reuters) - Oil futures slid on Wednesday, extending losses from the previous day, as a stronger U.S. dollar prompted fresh selling while data showing a build in U.S. crude stocks and Shanghais extended lockdown fuelled fears of slower …
Analysis: In Russia-Europe gas standoff, both sides lose
LONDON, April 1 (Reuters) - Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unless they pay in roubles.Even at the height of the Cold …
New U.S. rule requires pipeline operators to install valves to improve safety
March 31 (Reuters) - The U.S. Department of Transportations pipeline regulator on Thursday announced a new rule that would require automatic or remotely operated shut-off valves to mitigate safety-related and environmental impacts due to pipeline fail…
Oil prices tumble more than $5 a barrel as Biden weighs massive reserves release
March 31 (Reuters) - Oil futures dived more than $5 a barrel on Thursday morning on news that the Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crud…
Oil rebounds on tight supply, prospects of new Russia sanctions
MELBOURNE/BEIJING, March 30 (Reuters) - Oil prices clawed back heavy losses on Wednesday, amid tight supply and growing prospects of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv.Brent …
Israel-Turkey gas pipeline an option for Russia-wary Europe -sources
ANKARA/JERUSALEM, March 29 (Reuters) - A Turkey-Israel gas pipeline is being discussed behind the scenes as one of Europes alternatives to Russian energy supplies, but it will take complicated maneuvering to reach any deal, government and industry off…