Friday, December 20, 2024
Column: Bearish signal for crude as China again draws on inventories- oil and gas 360

Column: Bearish signal for crude as China again draws on inventories

Reuters LAUNCESTON, Australia  – China is likely to have dipped into its crude oil stockpiles in April, the third time in the past seven months it has done so, a sign that the era of massive inventory builds may be coming to an end.   China’s refiners processed about 280,000 barrels per day (bpd) more crude than what was available

Shell shareholders increase pressure for further climate action - oil and gas 360

Shell shareholders increase pressure for further climate action

Reuters LONDON – Royal Dutch Shell shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. A non-binding resolution submitted by Shell with the support of a large group of investors to vote on its recently unveiled climate strategy

Oil hits two-month high as Europe and U.S. reopen economies- oil and gas 360

Oil hits two-month high as Europe and U.S. reopen economies

CNBC Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia. The British economy reopened on Monday, and Europe is starting to reopen cities and beaches. New cases in the United States continued to