Oil and Gas (TRBC)

Oil steady as virus fears counter positive factory data

Oil steady as virus fears counter positive factory data

Published 03/08/2020

LONDON (Reuters) - Oil prices steadied on Monday, pressured by rising COVID-19 cases around the globe and by oversupply worries as OPEC and its allies [more…]

Marathon Petroleum posts adjusted loss after announcing Speedway sale

Marathon Petroleum posts adjusted loss after announcing Speedway sale

Published 03/08/2020

(Reuters) - U.S. oil refiner Marathon Petroleum Corp posted a smaller-than-expected quarterly loss on Monday, hours after it announced the sale of its Speedway gas [more…]

Russia is raising oil output as OPEC+ cuts ease: source

Russia is raising oil output as OPEC+ cuts ease: source

Published 03/08/2020

MOSCOW (Reuters) - Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in [more…]

Oil up on weak dollar though U.S.-China tensions, virus weigh

Oil up on weak dollar though U.S.-China tensions, virus weigh

Published 27/07/2020

SINGAPORE/LONDON (Reuters) - Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising [more…]

Saudi King Salman, 84, admitted to hospital

Saudi King Salman, 84, admitted to hospital

Published 20/07/2020

RIYADH (Reuters) - Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the [more…]

Oil dips on surge in COVID-19 infections

Oil dips on surge in COVID-19 infections

Published 13/07/2020

LONDON (Reuters) - Oil prices fell on Monday on a record daily rise in global coronavirus cases, with big spikes in infections over the weekend [more…]

UAE wants to see a return of Libya’s oil production with safeguards: minister

UAE wants to see a return of Libya’s oil production with safeguards: minister

Published 13/07/2020

DUBAI (Reuters) - The United Arab Emirates wants to see a return of Libya’s oil production as soon as possible but with safeguards in place [more…]

Canada June industrial prices rise on higher energy prices: Statscan flash estimate

Canada June industrial prices rise on higher energy prices: Statscan flash estimate

Published 13/07/2020

OTTAWA (Reuters) - Producer prices in Canada gained 0.4% in June from May, primarily on higher prices for energy and petroleum products, Statistics Canada said [more…]

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

Published 12/07/2020

NEW DELHI (Reuters) - India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms [more…]

Oil prices drop on prospect of returning Libyan supplies

Oil prices drop on prospect of returning Libyan supplies

Published 30/06/2020

LONDON (Reuters) - Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to [more…]