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October 22, 2021

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Exxon looks to buy stake in ONGC’s Indian deep sea fields

Reuters
by Reuters00
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. . REUTERS/Lucas Jackson/File Photo NEW DELHI, Oct 22 (Reuters) – Global oil major ExxonMobil Corp (XOM.N) is looking at buying a stake in some......
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Oil rises above $85 a barrel, Brent set for seventh weekly gain

Reuters
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Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Brent still trading near three-year high WTI set for ninth weekly gain U.S. inventories low, gasoline demand high LONDON, Oct 22 (Reuters) – Oil prices stayed......
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Biden expects gasoline prices to fall in 2022

Reuters
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U.S. President Joe Biden delivers remarks on infrastructure legislation at the Electric City Trolley Museum in Scranton, Pennsylvania, U.S. October 20, 2021. REUTERS/Jonathan Ernst WASHINGTON, Oct 21 (Reuters) – President Joe Biden said on Thursday he expects gasoline prices to fall in 2022 and that any further price reduction depends......
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Equity, bond funds see inflows as markets hit rough patch – BOFA

Reuters
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......
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Asian stocks extend global slide as inflation fears bite

Reuters
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A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-Hoon Asia-Pac stocks fall 1% after decline on Wall St overnight Concerns about inflation-growth outlook send bonds higher Gold in demand,......
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Analysis: From chips to ships, shortages are making inflation stick

Reuters
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A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......
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Oil drops for a second day after rally peters out

Reuters
by Reuters00
A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo LONDON, Sept 29 (Reuters) – Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose and amid concerns about a slowing Chinese economy. Brent crude was down 46 cents, or 0.6......
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Petrobras eyes Brazil price hikes despite political pressure

Reuters
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People walk in front of the Brazil’s state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil, October 16, 2019. REUTERS/Sergio Moraes//File Photo Sept 27 (Reuters) – Brazil’s state-run oil company, Petrobras (PETR4.SA), is considering raising fuel prices as the prices of some petroleum derivatives are out of line with......
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Oil shares lead charge as crude hits new 3-year highs

Reuters
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A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon Oil climbs on tight supply, strong demand Markets hope Beijing will contain Evergrande fallout U.S. debt ceiling deadline nears, spending bill to get vote Bonds pressured......
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APPEC Colombia’s Ecopetrol sees crude export share to Asia rising -CEO

Reuters
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The entrance of Ecopetrol’s Castilla oil rig platform is seen in Castilla La Nueva, Colombia June 26, 2018. REUTERS/Luisa Gonzalez/File Photo SINGAPORE, Sept 27 (Reuters) – Asia will increasingly be a strategic market for Colombia’s majority state-owned energy company Ecopetrol (ECO.CN), its president and chief executive officer Felipe Bayón said......
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Oil gains for fifth day amid supply constraints

Reuters
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Oil drills are pictured in the Kern River oil field in Bakersfield, California November 9, 2014. REUTERS/Jonathan Alcorn/File Photo TOKYO, Sept 27 (Reuters) – Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick......
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Oil looks set to test 3-year high as supplies tighten

Reuters
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A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins/File Photo TOKYO, Sept 24 (Reuters) – Oil prices rose for a fourth day on Friday, taking Brent towards three-year highs, as investors focused......
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Oil prices rise on tight supply, renewed risk appetite

Reuters
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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo U.S. crude stocks plunge to lowest since Oct 2018 -EIA Strong natgas prices support upside LONDON, Sept 23 (Reuters) – Oil prices extended gains on Thursday,......
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Canada fossil fuel workers want victorious Trudeau to keep retraining pledge

Reuters
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Canada’s Prime Minister Justin Trudeau and Calgary Mayor Naheed Nenshi announce the beginning of construction on the Green Line at the Calgary Transit Oliver Bowen Maintenance Facility, in Calgary, Alberta, Canada July 7, 2021. REUTERS/Mike Sturk/File Photo CALGARY, Alberta, Sept 22 (Reuters) – Prime Minister Justin Trudeau’s narrow election victory......
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New WHO air-quality guidelines aim to cut deaths linked to fossil fuels

Reuters
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WHO issues first air quality guidelines since 2005 Slashes recommended limits for emissions linked to fossil fuels Says air pollution threat to health alongside climate change Blames exposure to air pollution for 7 million deaths a year GENEVA, Sept 22 (Reuters) – The World Health Organisation (WHO) tightened its air......
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EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document

Reuters
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Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo NEW YORK, Sept 22 (Reuters) – The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a......
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Oil prices rise on expected U.S. stocks draw

Reuters
by Reuters00
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo API shows drop in U.S. crude, product stocks – sources Market awaits EIA inventory data due later on Wednesday OPEC+ struggles to pump more oil Gas price rally adds to the upside pressure LONDON, Sept......
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Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips

Reuters
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Sept 20 (Reuters) – Royal Dutch Shell (RDSa.L) said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the......
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OPEC+ struggles to pump more oil to meet rising demand

Reuters
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The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo LONDON, Sept 21 (Reuters) – OPEC and its allies struggled again to pump enough oil in August to meet global demand......
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Oil prices advance amid U.S. supply tightness signals

Reuters
by Reuters00
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo TOKYO, Sept 21 (Reuters) – Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global......
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