Oil settles up nearly $4 as tight supply outweighs recession fears

Oil settles up nearly $4 as tight supply outweighs recession fears

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register July 7 (Reuters) – Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as … Read more

Oil prices bounce back from Tuesday tumble as supply concerns return

Oil prices bounce back from Tuesday tumble as supply concerns return

Crude oil storage tanks are seen from above at the Cushing Oil Hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Oil rises nearly 3% before paring some gains Rate hikes, recession fears still capping price gains – analyst China reports new COVID cases across … Read more

Exxon signals operating profits could double over the first quarter

Exxon signals operating profits could double over the first quarter

People pump gas at an Exxon gas station in Brooklyn, New York City, US, November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register HOUSTON, July 1 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday reported that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according … Read more

Oil rises more than 2% as supply outages outweigh recession fears

Oil rises more than 2% as supply outages outweigh recession fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS/Angus Mordant/ Register now for FREE unlimited access to Reuters.com Register For the week, Brent falls 1.3% while WTI rises 0.8% Norway oil and gas workers’ strike could cut about 8% … Read more

Factbox: Ambani children at center of leadership change at India’s Reliance

Factbox: Ambani children at center of leadership change at India's Reliance

(LR) Radhika Merchant, Anant Ambani, Nita Ambani, Akash Ambani, Isha Piramal, Anand Piramal and Mukesh Ambani, the Chairman of Reliance Industries, poses during a photo opportunity at the wedding ceremony of Akash, at Bandra-Kurla Complex in Mumbai, India, March 9, 2019. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register MUMBAI, June 29 … Read more

Oil slides 2% on rising US fuel stocks and output

Oil slides 2% on rising US fuel stocks and output

A worker uses a petrol pump at a Brazilian oil company Petrobras gas station in Brasilia, Brazil March 7, 2022. REUTERS/Adriano Machado/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register OPEC, OPEC+ begin two days of policy meetings US crude inventories down as refiners pick up activity US crude production reaches highest … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more