- Oil prices edged up in early trade on Friday, after sinking in the previous session as OPEC+ said it would stick to its planned oil output hikes in August and investors worried about the strength of the global economy. Brent crude futures rose 83 cents, or 0.8%, to $109.86 a barrel by 0012 GMT. Prices fell around 3% on Thursday.
* OPEC+ sticks to oil output policy, avoids debate on September. * Traders prepare for long Fourth of July holiday weekend. * Some Norway oil workers to strike from July 5. By Stephanie Kelly.
Ecuador's state oil company Petroecuador hopes to be able to lift a declaration of force majeure over its Oriente crude exports by July 7, following an agreement between the government and indigenous leaders that put an end to over two weeks of protests, a company executive said on Thursday.
Ecuador's state oil company Petroecuador hopes to be able to lift a declaration of force majeure over crude exports by July 7, following an agreement between the government and indigenous leaders that put an end to over two weeks of protests, a company executive said on Thursday.
* OPEC+ sticks to oil output policy, avoids debate on September. * Recession fears weigh on oil prices, Wall Street. * Some Norway oil workers to strike from July 5. By Stephanie Kelly. Oil prices sank around 3% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but left the market wondering about future output.
U.S. natural gas futures plunged about 17% on Thursday to a three-month low as the
shutdown of Freeport LNG's liquefied natural gas (LNG) export plant in Texas allowed utilities to ...
U.S. President Joe Biden said on Thursday he would not directly press Saudi Arabia to increase oil output to curb soaring crude prices when he sees the Saudi king and crown prince during a visit next month. Biden also said at a news conference in Spain that Americans will have to stomach high gas prices for "as long as it takes" to beat back Russian President Vladimir Putin's invasion of Ukraine.
U.S. natural gas futures fell about 3% on Thursday on expectations last week's storage
build will be near normal despite hotter than usual weather, as the shutdown of Freeport's liquefied ...
- Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll showed on Thursday, though economic risks could slow the climb.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required