Wednesday, January 29, 2025
Oil prices head for 10% weekly jump on North America, Norway outages- oil and gas 360

Oil prices head for 10% weekly jump on North America, Norway outages

Reuters LONDON – Oil prices fell on Friday, erasing an earlier rise but still leaving both benchmarks on track for their biggest weekly gains since early June on the back of supply cuts caused by a storm in the Gulf of Mexico and a strike of offshore workers in Norway. OK Brent was down 31 cents at $43.03 a barrel

Oil prices up 3% on hurricane, supply disruptions- oil and gas 360

Oil prices up 3% on hurricane, supply disruptions

Reuters NEW YORK  – Oil prices rose more than 3% on Tuesday, supported by U.S. supply disruptions caused by an approaching hurricane in the Gulf of Mexico and an oil worker strike in Norway. Energy companies shut offshore oil platforms as Hurricane Delta strengthened to a Category 2 and was on track to reach the Gulf of Mexico on Thursday.

Oil rebounds on Trump health update, Norway shutdowns-oil and gas 360

Oil rebounds on Trump health update, Norway shutdowns

Reuters LONDON  – Oil prices rose on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike. Brent LCOc1 was up $1.81, or 4.6%, to $41.08 a barrel by 1337 GMT. U.S. West Texas

Norway Oil Workers’ Strike Accelerates, Drillers Fear Loss of Contracts

Growing troubles: 1,600 workers now on strike From Reuters OSLO (Reuters) – A strike by Norwegian offshore oil and gas workers accelerated on Monday when hundreds more walked out in a dispute over pay and pensions after employers failed to respond to union demands for a new offer. The strike, which began last Tuesday, has had a limited impact on