Nasdaq BRUSSELS – European Union countries will this week debate a possible deal to share out the costs of buying gas to fill storage and build a supply buffer ahead of next winter, according to a draft document seen by Reuters. EU countries are negotiating proposed rules that would require them to fill their gas storage to at least 90%
Oil and gas company Houston American Energy (HUSA) skyrocketed to astronomical highs last mon…
Nasdaq LONDON – Portfolio investors purchased petroleum last week for the first time in four weeks, but overall positioning remained subdued by the high cost of margin and large uncertainties surrounding both crude supply and demand. Hedge funds and other money managers bought the equivalent of 14 million barrels in the six most important petroleum-related futures and options contracts in
The major market indexes have tumbled lately on concerns about how aggressive the Federal Res…
InvestorPlace – Stock Market News, Stock Advice & Trading Tips Oil stocks are sliding …
Nasdaq U.S. oil refiners expect strong first-quarter earnings as margins to sell gasoline and diesel strengthened due to a steep dropoff in refining capacity and crude oil supplies tightened because of Russia’s war with Ukraine. Refining capacity worldwide has dropped during the coronavirus pandemic, with several less profitable oil refineries closing in the last two years. However, worldwide fuel demand
World Oil (Bloomberg) — Libya’s oil ministry said fields shut down by protesters may reopen within days, potentially allowing the OPEC member to get back to full production. Oil Minister Mohamed Oun met tribal leaders on Sunday to discuss the closures, which have caused Libya’s daily output to fall by around 500,000 barrels from 1.3 million in the past 10
Yahoo Finance LONDON – Oil slumped almost 6% to its lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates would hurt global growth and energy demand. In Shanghai, authorities have erected fences outside residential buildings, sparking fresh public outcry. In Beijing, many
Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.98 per Common Li…
Argus relaunches Ecuadorean crude price assessments PR Newswire HOU…
LongPath and Civitas Propose Continuous Methane Monitoring for Colorado Regulatory Compli…
US crude oil futures traded lower on Monday. Investors, meanwhile, focused on some notable …
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