An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel. Iraq, OPEC's second-largest oil producer, exports about 85% of its crude via ports in the south. WHAT IS THE ORIGIN OF THE DISPUTE?
U.S. natural gas futures jumped about 5% to a one-week high on Friday on forecasts for
more demand next week than previously expected with rising amounts of gas flowing to liquefied natural gas ...
Oil prices rose by more than a dollar a barrel on Friday as supplies tightened in some parts of the world and U.S. inflation data indicated price rises were slowing. The most actively traded Brent futures, for June delivery, were up $1.05 or 1.3% at $79.65 a barrel by 12:55 p.m. EDT.
Oil prices climbed in early Asian trade on Friday as sentiment was boosted by an expansion in factory activity in China, the world's second largest crude consumer, and as concerns grew about Middle Eastern supply. Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at 0146 GMT.
* Oil firms halt, cut output in Kurdistan after pipeline closure. * US crude stockpiles fall unexpectedly as imports hit 2-year low. * OPEC+ unlikely to tweak oil policy in Monday talks - delegates. By Stephanie Kelly.
Intercontinental Exchange Inc ICE.N: * ANNOUNCES RECORD LEVELS OF LIQUIDITY ACROSS ITS U.S. NATURAL GAS MARKETS AS CUSTOMERS MANAGE PRICE RISK. * SAYS OPEN INTEREST HIT RECORD HIGH OF 17.45 MILLION CONTRACTS ACROSS NORTH AMERICAN NATURAL GAS FUTURES ON MARCH 28, 2023.
Intercontinental Exchange Inc (ICE) : * ICE ANNOUNCES RECORD DEPTHS OF LIQUIDITY ACROSS U.S. NATURAL GAS MARKETS. * ICE: ON MARCH 28, U.S. FINANCIAL NATURAL GAS FUTURES AND OPTIONS HIT RECORD OPEN INTEREST OF 10.4 MILLION, WITH OPEN INTEREST UP 11% Y/Y Source text for Eikon: Further company coverage:
OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows.
OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows.
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