U.S. natural gas futures fell about 4% to a fresh 10-week low on Friday on a drop
in crude prices and expectations the weather will remain mild into early October, keeping both heating and
cooling ...
Russia has ramped up oil shipments to Asia since Europe imposed sweeping sanctions, but still needs to re-route over a quarter of its crude exports away from Europe - or about 1.3 million barrels per day - when a full oil embargo hits in December.
U.S. natural gas futures eased to a fresh 10-week low on Friday on expectations
the weather will remain mild into early October, keeping both heating and cooling demand low and allowing
utilities to ...
* Brent and WTI on track to fall for fourth week in a row. * Recession fears weigh as major central banks hike rates. * Stalled Iran nuclear deal, Ukraine fears cap oil's losses. By Scott DiSavino.
Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil. Brent futures fell $4.31, or 4.8%, to settle at $86.15 a barrel, down about 6% for the week.
U.S. natural gas futures plunged about 9% to a near 10-week low on Thursday on a
bigger than expected storage build, record output and forecasts for milder weather through early October that
should ...
Guyana has launched a tender to choose a marketing agent for its share of Liza crude oil exports, the Natural Resources ministry said on Thursday, following the expiration of a contract with a unit of Saudi Aramco.
- ExxonMobil (XOM) is gradually shutting down its 235,000 barrel per day Fos-Sur-Mer refinery in France as a result of ongoing strike action, the company said in an emailed statement on Thursday.
-Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the Bank of England hiked interest rates less than some had expected. Brent crude futures settled up 63 cents, or 0.7%, at $90.46 after rising by more than $2 earlier in the session.
Oil prices edged lower in early Asian trade on Thursday after the U.S. Federal Reserve raised interest rates significantly to curb inflation, with fears for the global economy casting a shadow over future fuel demand. Brent crude futures fell 16 cents, or 0.2%, to $89.67 per barrel by 0013 GMT, while U.S. West Texas Intermediate crude dropped 15 cents to $82.79 per barrel.
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