Uganda targets 2027 start for world’s longest heated oil pipeline
Financing delays blamed on protests will not derail crude project, says minister at COP climate summit
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The enriched uranium market is all at sea
Russia’s retaliatory restrictions on exports to the US have yet to hit prices
Fourth oil production vessel for Guyana to depart in Q1 2025
Guyana's fourth oil floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter next year, the CEO of U.S. producer Hess John ...
Oil prices firm as geopolitical tensions raise supply concerns
Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine. Brent crude futures for January rose 28 cents, ...
The global race to break China’s grip on graphite
A new facility in Malaysia takes a novel approach to creating the crucial material for electric vehicle batteries
Norway's Sverdrup Oilfield Back to Two-Thirds Capacity After Outage
Equinor has resumed production at the Johan Sverdrup oilfield in the North Sea, reaching two-thirds of its capacity by mid-morning on Tuesday following a power outage, as reported by Reuters. Output at western Europe's largest oilfield was halted on Monday due to an onshore power outage that disrupted
Swiss prosecutors accuse Trafigura of paying €5mn in bribes to Angolan official
Unsealed indictment alleges the company’s late founder, Claude Dauphin, masterminded the scheme
Oil steadies as Sverdrup field restart counters geopolitical concerns
Oil prices edged up on Tuesday, extending the previous day's rally driven by a halt in production at Norway's Johan Sverdrup oilfield, though investors remained cautious amid fears of an escalation in ...
Oil settles flat as escalation of Ukraine war counters Sverdrup field restart
Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart of production in Norway's Johan ...
Oil Settles Flat as Sverdrup Field Restart Counters Geopolitical Concerns
Limiting oil's ascent, Equinor resumed partial production from the Johan Sverdrup field in the North Sea, Western Europe's largest oilfield, the day after a power outage there contributed to a 3% ...
Brent Oil Futures Maintain $70 Floor As Outages Drive Prices Higher
Oil benchmark Brent has held its price floor above $70 for much of November having threatened to breach it at one point. It looks likely to stay there for now.
Oil prices end higher following latest developments in Russia-Ukraine war
Crude futures edged lower Tuesday after news reports said Equinor had resumed partial production at Norway’s massive Johan Sverdup oil field.
Oil nudges up on escalating Ukraine war, signs of improving China demand
Oil edged up on Wednesday amid an escalation in the Ukraine war and signs of growing Chinese crude imports, while rising U.S. crude stocks checked overall price gains.
How oil ‘wildcatters’ ended up in charge of Trump’s energy policy
Shale barons are jubilant about the Republican’s plan for US ‘energy dominance’. Climate campaigners are not
Investors need to know when to put down the phone
These included shares and commodities I watch anyway, plus some stocks that are simply newsworthy. The latter group included Trump Media, a nascent social media business connected to the newly elected ...
US panel urges Congress to delve into China’s indirect imports of Iranian oil as Trump returns
This meant that China bought nearly 90 per cent of Iran’s crude exports, making Iran the fourth-largest supplier to China last year, just behind Iraq, the report said. Chinese customs have not ...
Oil Prices Rise as Intensifying Russia-Ukraine War Raises Supply Concerns
Oil prices rose early Wednesday, with Brent crude oil rising 0.8% to $73.87 a barrel and WTI rising 0.9% to $69.88 a barrel. Oil has gained as geopolitical tensions have intensified, with Ukraine ...
Oil little changed as market weighs mixed drivers
Oil was broadly stable on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia offset data showing rising U.S. crude stocks.
U.S. Crude Oil Stockpiles Increase Amid Higher Imports
U.S. crude oil inventories rose last week as an increase in imports offset a decline in production, while refineries ran at a lower rate than the week before.
Oil prices pare gains as EIA reports a rise in U.S. crude supplies
Oil futures pared some of their gains on Wednesday after the Energy Information Administration reported that U.S. commercial crude inventories edged up by 500,000 barrels for the week ended Nov. 15.
Oil traders price in Trump’s foreign policy as bearish for crude
Oil’s longstanding geopolitical risk premium has evaporated as traders interpret Donald Trump’s foreign policy agenda as bearish for oil demand — and prices.
Oil prices tick up as market weighs Ukraine war escalation
Oil was broadly stable on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia offset data showing rising U.S. crude stocks.
U.S. Crude Oil Inventories Edge Modestly Higher
(RTTNews) - Crude oil inventories in the U.S. saw a modest increase in the week ended November 15th, according to a report released by the Energy Information Administration on Wednesday. The EIA said ...
OPEC+ may stick with deep oil cuts for longer due to weak demand
OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members ...
Analysis-OPEC+ may stick with deep oil cuts for longer due to weak demand
OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members ...
Singapore oil trader sentenced to 17 years for ‘cheating’ HSBC over $112mn
Octogenarian Lim Oon Kuin handed long jail term as ‘deterrent’ in city-state’s fight against commodity trading corruption
Oil prices rise over 3% on Sverdrup outage, Ukraine war escalation
Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had been halted, which added to earlier gains stemming from escalation of the ...
S&P 500 Rising as Energy Stocks, Oil Prices Jump
Energy was the S&P 500’s top sector as crude oil prices rebounded in response to growing geopolitical tensions. With the market benchmark up 0.3%, roughly 327 S&P 500 stocks were on the rise. The Dow ...
Oil prices ease, but caution prevails over Russia-Ukraine war
Oil prices retreated on Tuesday after the previous day's rally driven by halted production at Norway's Johan Sverdrup oilfield, but investors remained cautious amid fears of a potential escalation in ...
Oil slips on Sverdrup field restart, geopolitical fears support
Oil slipped on Tuesday pressured by the restart of production at Norway's Johan Sverdrup oilfield, although investor caution arising from fears of an escalation in the Russia-Ukraine war limited the ...
Oil Prices Slide as Demand Concerns Outweigh Geopolitical Worries
Oil prices fell, with Brent crude down 0.6% at $72.88 a barrel and WTI down 0.7% at $48.67 a barrel. Oil prices mounted a rally on Monday as concerns over the Russia-Ukraine intensified, but ran into ...
Oil prices gain on supply outages, caution over Russia-Ukraine war
Oil prices edged up on Tuesday, extending the previous day's rally driven by a halt in production at Norway's Johan Sverdrup oilfield, though investors remained cautious amid fears of an escalation in ...
Investors go for gold with allocations, prices set to rise
State Street Global Advisors says that 38% of investors who took part in its 2024 Gold ETF Impact Study said they have gold investments, up from 20% last year, while 56% of the cohort said they plan ...
Russian oil-refining businesses are at risk of plant closures amid heavy losses, lower production, report says
Moscow's most troubled oil refining plants could shut down as soon as early next year, one source told Reuters.
Trump's Energy Secretary Pick Celebrated in Middle East
US President-elect Donald Trump's nomination of oil industry veteran Chris Wright as energy secretary has been met with enthusiasm in the Middle East, with one Saudi government official anonymously describing the choice as "fantastic," according to a report from S&P Global.
However, the potential
Offshore oil is back. At what cost?
Years after one of the worst spills in history, companies in search of new discoveries are drilling even deeper into the seabed
The US dollar surges
Investors are betting that Donald Trump will drive up inflation, keeping bond yields higher
Oil Trader Faces Lawsuit Over Company Hit by US-Iran Sanctions
The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemical company that was later banned from ...
Oil prices edge higher after Russia-Ukraine tensions escalate
Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts ...
Saudi Arabia's crude oil exports in September hit three-month peak
Saudi Arabia's crude oil exports in September rose to their highest level in three months, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
Oil prices tick higher as Russia-Ukraine tensions escalate
Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China and forecasts of a global oil surplus weighed on ...
Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
US output has been so strong that it has sent supplies overseas — exporting the same amount of crude oil, refined products and natural gas liquids as Saudi Arabia or Russia produces, according to a ...
Oil Trader Faces Suit Over Company Hit by US-Iran Sanctions
The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemical company that was later banned from ...
Gold suffers worst week in 3 years as investors weigh Trump victory
Dollar surge and Trump win brings metal’s rally to a halt
Lots of oil but no power: how Iran ran low on energy
Rolling blackouts underscore impact of US sanctions, lack of investment and costly subsidies
Oil boss Chris Wright named as Donald Trump’s energy secretary
Liberty Energy CEO set to lead administration’s drive to loosen restrictions on the fossil fuel industry
Lithium producer says west cannot end reliance on China in critical minerals
Albemarle’s Kent Masters says economics do not support pivot away from Asia on commodities in EV supply chains