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Red tape thwarts South Africa’s green energy potential

Reuters
JOHANNESBURG – World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a chronic generation shortfall that pushed the continent’s most advanced economy into recession even before the COVID-19 pandemic struck. Wind turbines produce renewable energy outside Caledon, South Africa, May 20, 2020. REUTERS/Mike......
Reuters - Business

China drives global oil demand recovery out of coronavirus collapse

Reuters
BEIJING/NEW YORK/TOKYO (Reuters) – China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns. FILE PHOTO: Oil and gas tanks......
Reuters - Business

U.S. sanctions four shipping firms for transporting Venezuelan oil

Reuters
(Reuters) – The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports. FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks to the......
Reuters - Business

Oil prices rise ahead of OPEC+ meeting on extended output cuts

Reuters
SINGAPORE/MELBOURNE (Reuters) – Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing......
Reuters - Business

Oil prices hold ground ahead of OPEC+ meeting on extended output cuts

Reuters
FILE PHOTO: 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 MELBOURNE (Reuters) – Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend......
Reuters - Business

Oil steady as OPEC+ considers extension to crude curbs

Reuters
FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. Picture taken August 23, 2018. REUTERS/Nick Oxford LONDON (Reuters) – Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to......
Reuters - Business

Crude prices fall on concerns of U.S. riots, even as OPEC meeting advanced

Reuters
NEW YORK (Reuters) – Oil prices fell due to concerns about riots in major U.S. cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June. FILE PHOTO: A pump jack on a lease owned by Parsley Energy......
Reuters - Business

Russia has no objection to earlier OPEC+ meeting: sources

Reuters
FILE PHOTO: A 3D printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo MOSCOW/LONDON (Reuters) – Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June......
Reuters - Business

U.S. pipeline operator Energy Transfer warns of coming job cuts

Reuters
FILE PHOTO: Construction work continues on Sunoco’s Mariner East II natural gas pipeline near Morgantown in Chester County, Pennsylvania, August 1, 2017. REUTERS/Charles Mostoller/File Photo (Reuters) – U.S. pipeline operator Energy Transfer LP (ET.N) will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak......
Reuters - Business

Oil surges 5% on U.S.-China trade optimism, falling crude output

Reuters
NEW YORK (Reuters) – Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September......
Reuters - Business

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

Reuters
NEW YORK (Reuters) – Oil prices were mixed on Friday, but were closing out the month with strong gains, bolstered growing fuel demand even as investors worried about worsening Washington-Beijing relations. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian......
Reuters - Business

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

Reuters
NEW YORK (Reuters) – 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. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann July Brent......
Reuters - Business

Oil falls but remains set for biggest monthly gain in years

Reuters
FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann LONDON (Reuters) – Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening......
Reuters - Business

Oil falls but set to post biggest monthly rise in years on output cuts

Reuters
FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann SINGAPORE (Reuters) – Oil prices edged lower on Friday, set to post their first weekly fall in five weeks, after U.S. inventory data showed lacklustre fuel demand in the world’s......
Reuters - Business

Oil prices rise on higher U.S. gasoline demand, refinery runs

Reuters
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo NEW YORK (Reuters) – Oil futures rose on Thursday, erasing earlier losses, on signs U.S. gasoline demand is rising despite a big surprise build in crude inventories......
Reuters - Business

Oil prices little changed as U.S. crude, diesel stocks swell

Reuters
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo NEW YORK (Reuters) – Oil futures dipped and then bounced to trade around even on Thursday after U.S. crude and distillate inventories rose much more than expected,......
Reuters - Business

Oil prices steady, awaiting confirmation of surprise U.S. inventory build

Reuters
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo LONDON (Reuters) – Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset......
Reuters - Business

Oil drops on worse than feared rise in U.S. fuel stocks

Reuters
MELBOURNE (Reuters) – Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada......
Reuters - Business

Oil falls on U.S.-China tensions over Hong Kong

Reuters
LONDON (Reuters) – Oil prices fell 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. FILE PHOTO: An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the......
Reuters - Business

Oil falls on demand concerns, U.S.-China tensions

Reuters
FILE PHOTO: An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region, Russia on March 11, 2019. REUTERS/Vasily Fedosenko//File Photo TOKYO (Reuters) – Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as......

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