Crude Oil

Big Oil’s patchy deals record casts shadow over green makeover

Big Oil’s patchy deals record casts shadow over green makeover

Published 01/09/2020

LONDON (Reuters) - As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy [more…]

Oil prices rise 1% as mood on dollar sours

Oil prices rise 1% as mood on dollar sours

Published 01/09/2020

MELBOURNE/SINGAPORE (Reuters) - Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar [more…]

U.S. presidential hopeful Biden says he would not ban fracking

U.S. presidential hopeful Biden says he would not ban fracking

Published 31/08/2020

PITTSBURGH (Reuters) - Democratic presidential candidate Joe Biden said on Monday he would not ban hydraulic fracturing, a controversial method of drilling for crude oil [more…]

United States Oil Fund faces possible SEC action: filing

United States Oil Fund faces possible SEC action: filing

Published 19/08/2020

(Reuters) - The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due [more…]

Asia shares push ahead as China markets jump

Asia shares push ahead as China markets jump

Published 17/08/2020

SYDNEY (Reuters) - Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent [more…]

Factbox: Oil refiners shut plants as demand losses seen continuing

Factbox: Oil refiners shut plants as demand losses seen continuing

Published 17/08/2020

(Reuters) - Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for [more…]

Stocks dip on lukewarm data- oil falls

Stocks dip on lukewarm data- oil falls

Published 14/08/2020

NEW YORK (Reuters) - Stocks fell on Friday as data out of China, the euro zone and the United States put a lid on expectations [more…]

Equinor appoints new CEO to speed up renewable investments

Equinor appoints new CEO to speed up renewable investments

Published 10/08/2020

OSLO (Reuters) - Equinor (EQNR.OL) on Monday announced the appointment of Anders Opedal as chief executive effective from Nov. 2 as the Norwegian oil and [more…]

Oil climbs on positive China data, rising demand

Oil climbs on positive China data, rising demand

Published 10/08/2020

LONDON (Reuters) - Oil rose on Monday, supported by an improvement in Chinese factory data and rising energy demand as countries eased coronavirus-related lockdowns, but [more…]

Global shares climb as China industrial data offers hope for coronavirus recovery

Global shares climb as China industrial data offers hope for coronavirus recovery

Published 10/08/2020

LONDON (Reuters) - European shares rose on Monday as industrial activity in China gained strength, another sign of recovery from the coronavirus pandemic that added [more…]