Oil prices stable as market weighs fuel stocks build amid supply concerns

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS / Agustin Marcarian / File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, June 29 (Reuters) – Oil prices were little changed on Thursday as markets weighed … Read more

Column: Oil market confronts US and EU policymakers with unpalatable choices: Kemp

LONDON, June 29 (Reuters) – With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude. The most likely stress relief will come from a deceleration in oil consumption as … Read more

Oil prices rise for fourth day on supply worries

A worker uses a petrol pump at a Brazilian oil company Petrobras gas station in Brasilia, Brazil March 7, 2022. REUTERS / Adriano Machado / File Photo / File Photo Register now for FREE unlimited access to Reuters.com Register OPEC, OPEC + start two days of policy meetings US inventories down as refiners pick up … Read more

Oil settles higher as major producers flag capacity limits

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS / Angus Mordant / Register now for FREE unlimited access to Reuters.com Register G7 agrees to explore cap on Russian oil price Macron tells Biden that UAE, Saudi can barely … Read more

Buffett’s Berkshire buys more Occidental shares, raises stake to about 16.4%

June 28 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp (OXY.N), giving the conglomerate a nearly 16.4% stake in the Houston, Texas-based oil company. The purchases were made in multiple transactions and cost about $ 44 million, Berkshire said in a regulatory … Read more

Powers need to study all oil options, including Iran, Venezuela -France

An oil tanker is docked while oil is pumped into it at the ships terminal of PDVSA’s Jose Antonio Anzoategui industrial complex in the state of Anzoategui April 15, 2015. REUTERS / Carlos Garcia Rawlins Register now for FREE unlimited access to Reuters.com Register US sanctions on Venezuela, Iran curbing oil output Consumer countries pressure … Read more

Macron tells Biden that UAE, Saudi can barely raise oil output

GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s president. Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of … Read more

Chlorine gas leak kills at least 10, injures 251 at Jordan port

June 27 (Reuters) – At least 10 people died and 251 were injured in a chlorine gas leak from a storage tank at Jordan’s Aqaba port, officials and state media reported on Monday, as authorities called on residents to shut windows and stay indoors. The leak came after a tank filled with 25 tonnes of … Read more

Ecuador could stop pumping oil within 48 hours due to protests

Protesters march through the Santo Domingo Plaza to demand President Guillermo Lasso address price increases for fuel, food and other basics which have ignited 10 days of demonstrations across the country, in Quito, Ecuador June 22, 2022. REUTERS / Santiago Arcos Register now for FREE unlimited access to Reuters.com Register June 27 (Reuters) – Ecuador … Read more

Oil prices edge higher ahead of G7 talks on new Russian sanctions

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS / Chris Helgren Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Oil prices edged higher on Monday in a volatile session as investors waited for any moves … Read more