Summary Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand (Reuters) – Oil prices managed small gains on Friday but still were part of a weekly loss of nearly 3% after the IEA forecast …
Oil Posts Weekly Loss on Uncertainty Over Global Supply Outlook Read More »
By Erwin Seba Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand HOUSTON, Oct 17 (Reuters) – Oil prices managed small gains on Friday but were headed for a weekly loss of nearly 3% …
Oil Set for Weekly Loss as Global Conflicts Ease, Signs of Glut Emerge Read More »
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 548 in the week to October 17. Despite …
US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says Read More »
The maritime industry accounts for over four-fifths of the world’s trade and more than one per cent of all emissions By Jack Wittels The world’s shipping regulator postponed a decision on adopting a landmark charge on vessel emissions, a shock move that highlights the Trump administration’s efforts to disrupt international climate diplomacy. The postponement marks …
U.S. Succeeds in Blocking Global Carbon Tax on Ships For Now Read More »
(Reuters) – A fire broke out at BP’s 440,000 barrel-per-day Whiting refinery in Indiana and was extinguished as of Friday morning, the company said. The fire resulted from an operational incident and there were no injuries, the company said in an emailed statement. It did not elaborate on the incident. Reuters earlier reported multiple units …
BP Says Fire Extinguished at Whiting, Indiana Refinery Read More »
U.S. and European pressure on Asian buyers of Russian energy could restrict India’s oil imports from December, leading to cheaper supplies for China, while Japan is unlikely to halt its Sakhalin liquefied natural gas shipments for now, trade sources and analysts said. Washington is exerting pressure on China, India and Japan through trade talks to …
Western Pressure to Hit Asian Buying of Russian Oil From December Read More »
Summary Russian oil a top irritant in US-India trade talks India has pledged to boost US energy purchases India could cut Russian oil imports from Dec-Jan, sources say India is biggest buyer of Russian seaborne oil US says Russia uses oil revenue to fund war in Ukraine (Reuters) – India has halved its purchases of …
US Says India Halves Russian Oil Imports, Sources Say No Cuts Seen Read More »
(Reuters) – Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic. In North America, natural gas is primed to remain the main power source for factories and production lines thanks …
Energy Transition Set to Divide Manufacturers Across the Atlantic Read More »
(Reuters) – SLB beat Wall Street estimates for third-quarter profit on Friday, as steady demand in North America and contributions from its recent ChampionX acquisition helped offset weakening oilfield activity in other regions. The U.S. oilfield market appears to be stabilizing after months of reduced spending, but international demand, historically SLB’s major profit driver, remains tepid. …
SLB Beats Profit Estimates on North America Demand, ChampionX Deal Boost Read More »
(Reuters) – Oil prices edged lower on Friday, heading for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine. Brent crude futures were down 15 cents, or 0.25%, at $60.91 a barrel at 1140 …
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