Oil jumps 4% as deaths near Kyiv prompt talk of new sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Global outcry at killings near Kyiv as frontline shifts Iran blames US for halt to Vienna nuclear talks … Read more

European stocks set for biggest quarterly drop since 2020

A DAX logo is pictured at the trading floor of the stock exchange in Frankfurt, Germany December 29, 2017. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register LONDON, March 31 (Reuters) – European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while … Read more

Biden administration weighs largest ever draw from emergency oil reserve- sources

A US postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, US, March 29, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 30 (Reuters) – The Biden administration is considering releasing up to 180 million barrels of oil over … Read more

Oil rebounds on tight supply, prospects of new Russia sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register LONDON, March 30 (Reuters) – Oil prices jumped by more than $4 on Wednesday on supply tightness and … Read more

China’s Sinopec plans its biggest capital expenditure in history

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture taken January 12, 2017. REUTERS/Chen Aizhu/File Photo Register now for FREE unlimited access to Reuters.com Register BEIJING, March 27 (Reuters) – China Petroleum & Chemical Corp (600028.SS), better known as Sinopec, is planning its highest capital … Read more

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson , California, US, March 11, 2022. Picture taken March 11, 2022. Picture taken … Read more

Union workers at Chevron refinery prepare for strike on Monday

Chevron Corp’s refinery is shown in Richmond, California August 7, 2012. REUTERS/Robert Galbraith Register now for FREE unlimited access to Reuters.com Register March 20 (Reuters) – The union representing workers at a Chevron oil refinery in Richmond, California, has told its members to prepare for a strike shortly after 12 am on Monday barring agreement … Read more

Oil surges 7% amid warnings of Russian supply shortages

Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, March 7, 2022. The company receives crude oil from Russia via the ‘Friendship’ pipeline. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register LONDON, March 17 – Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said … Read more

Oil price benchmarks fall below $100, first time in weeks

Brent, US crude below $100 for the first time since late Feb Outbreaks in China could slow demand Iran nuclear deal hopes rise NEW YORK, March 15 (Reuters) – Oil prices tumbled more than 6% on Tuesday to their lowest in almost three weeks, as Russia suggested it would allow a revival of the Iran … Read more

Oil set for weekly loss as supply remedies emerge

A general view shows a local oil refinery behind residential buildings in Omsk, Russia February 10, 2021. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register Market grappling with determining supply shortages from Russia Brent benchmark see-sawed in wide trading range this week OPEC nations stick to alliance with Russia LONDON, March 11 … Read more