Energy News Results

  • Oil prices jump after U.S. air strike kills top Iranian commander

    Oil prices jumped to the highest level in more than three months on Friday after the U.S. killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies.

  • Brent jumps almost $3 after U.S. air strike on Baghdad airport

    Brent crude futures jumped nearly $3 on Friday after a U.S. air strike in Baghdad killed top Iranian and Iraqi military commanders, sparking concerns of disruption to Middle East oil supplies. Brent crude futures hit an intraday high of $69.16 a barrel, their highest since Sept. 17, before easing to $68.42, up $2.17 or 3.28% by 0806 GMT.

  • TABLE-UAE's Fujairah oil inventory data for week ended Dec. 30

    Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended Dec. 30.

  • Oil edges up on Mideast tensions, trade optimism

    Oil inched up on Thursday on rising tensions in the Middle East and signs of improving Washington-Beijing trade relations, but a strong U.S. dollar limited price gains. Brent crude futures settled at $66.25 a barrel, gaining 25 cents. The dollar rose about 0.5% , recovering from a six-month low after a downbeat December left the index virtually unchanged for 2019.

  • U.S. crude stocks fell in latest week -API

    U.S. crude oil stocks fell in the most recent week while gasoline inventories declined and distillate stocks rose, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories fell by 7.8 million barrels in the week to Dec. 27, to 436 million barrels, compared with analysts' expectations for a draw of 3.2 million barrels.

  • Oil posts biggest yearly rise since 2016

    Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China trade war and ongoing supply cuts from major oil producers.

  • Singapore's Puma Energy to sell fuels business to Chevron Australia for $288 mln

    Singapore's Puma Energy, the retail and midstream arm of global commodities trader Trafigura, said on Thursday it would sell its Australian commercial and retail fuels business to Chevron Australia for A$425 million. Puma Energy is 49%-owned by Geneva-based Trafigura, which is under pressure to rebalance its books after a decade-long buying spree.

  • Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

    Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world's biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries.

  • Oil hits three-month high on upbeat data, Middle East tension

    Oil prices rose to three-month highs on Monday, underpinned by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in Iraq and Syria. Brent crude futures were up 40 cents, or 0.6%percent, at $68.56 a barrel.

  • Oil little changed near three-month high amid stockpile drop, economic hopes

    Oil was little changed on Friday, steadying near three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally. Brent crude was up 15 cents at $68.07 a barrel at 11:53 a.m. CST.

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