Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

Putin discussed OPEC+ with MbS MbS emphasises need to commit to OPEC+ agreement Putin hosts Iranian president in Moscow MOSCOW, Dec 7 (Reuters) – Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy … Read more

US seeks to buy up to 3 mln barrels for oil reserve for Jan delivery

US seeks to buy up to 3 mln barrels for oil reserve for Jan delivery

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Acquire Licensing Rights Nov 6 (Reuters) – The United States is seeking to buy up to three million barrels of oil for … Read more

Air Canada lifts profit forecast on international travel rebound

Air Canada lifts profit forecast on international travel rebound

Air Canada planes are parked at Toronto Pearson Airport in Mississauga, Ontario, Canada April 28, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing Rights Oct 30 (Reuters) – Air Canada (AC.TO) expects 2023 core profit towards the higher range of its previous forecast, it said, after beating third-quarter profit estimates on strong international travel demand. North American … Read more

US broadly eases Venezuela oil sanctions after election deal

US broadly eases Venezuela oil sanctions after election deal

Venezuela’s President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing Rights WASHINGTON, Oct 18 (Reuters) – The Biden administration on Wednesday broadly eased sanctions on Venezuela’s oil sector in response to a deal reached between the … Read more

Stocks drift lower, US yields rise but growth outlook dims

Stocks drift lower, US yields rise but growth outlook dims

[1/3]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Fed rate decision Wednesday, BOE Thursday, BOJ Friday Treasury yields hit almost 16-year high U.S. crude hits fresh 10-month highs, SocGen slumps China Evergrande drops 25% before regaining ground … Read more

Oil inches up after China moves to support flagging economy

Oil inches up after China moves to support flagging economy

China National Petroleum Corporation (CNPC)’s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. Picture taken July 17, 2018. REUTERS/Chen Aizhu/File Photo Acquire Licensing Rights SINGAPORE, Aug 28 (Reuters) – Oil prices ticked higher on Monday after China took steps to support its flagging economy, though … Read more

Marathon preparing to restart Garyville, Louisiana, units

Marathon preparing to restart Garyville, Louisiana, units

HOUSTON, Aug 28 (Reuters) – Marathon Petroleum (MPC.N) is preparing a plan to begin restarting units at its 596,000-barrel-per-day (bpd) Garyville, Louisiana, refinery, the company said on Monday. The units were shut because they were closest to two giant storage tanks filled with volatile naphtha that caught fire after a chemical leak on Friday at … Read more