Energy News Results

  • Oil lower on U.S.-China tensions but heads for huge monthly rise

    Oil prices eased on Friday on fears of worsening Washington-Beijing relations and lacklustre U.S. fuel demand, but were still headed for sharp monthly gains. July Brent crude futures fell 34 cents, or 1%, to $34.95 a barrel by 11:15 a.m. EDT.

  • Flurry of U.S. crude export fixtures offers glimmer of hope

    A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus slammed energy consumption worldwide. BP, Trafigura and Equinor (EQNR) have all tentatively fixed vessels this past week to carry U.S. crude to global destinations over the coming month, according to Refinitiv Eikon data and shipping sources.

  • Oil rises as higher U.S. refinery rates offsets surprise crude build

    Oil futures rose about 2% on Thursday as a steady improvement in U.S. refining activity offset a surprise build in crude and diesel inventories and on worries that China's new Hong Kong security law could result in trade sanctions. Brent for July rose 55 cents, or 1.6%, to settle at $35.29 a barrel on its second to last day as the front-month.

  • TABLE-UAE's Fujairah oil inventory data for week ended May 25

    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 May 25.

  • Oil slides on U.S.-China tensions, OPEC+ uncertainty

    Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts.

  • Enbridge to raise rates for Express crude pipeline by 3%

    Enbridge Inc (ENBA) proposed raising tariff rates on its Express crude oil pipeline from the International Boundary near Alberta, Canada, to points in Wyoming and Montana by 3%, according to a filing on Monday. * The company will increase committed rates on the line effective July 1, the filing with the Federal Energy Regulatory Commission said.

  • Demand rise, output cuts could mean oil market balance in June

    Recovering demand as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil markets as soon as June, some analysts and banks predict.

  • Oil prices rise as faith in supply cuts grows

    * Russian minister, oil majors to discuss output cut extension. * OPEC+ to meet in June to discuss maintaining cuts. By Stephanie Kelly. Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.

  • Oil prices climb, bolstered by ongoing supply curbs

    Oil prices rose on Tuesday, supported by signs that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures gained 64 cents, or 1.8%, to settle at $36.17 a barrel.

  • Oil steadies as demand uncertainty tempers supply cuts

    * 4 weeks of gains, but prices still off 45% for year. * U.S.-China tensions cap gains. By Ahmad Ghaddar. Oil prices edged up on Monday in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts. Brent rose to $35.81 a barrel by 1659 GMT, while U.S. oil was flat at $33.74 a barrel.

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