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Oil prices drop
Oil prices drop, with supply concerns outweighing worries over Middle East
Oil futures kicked off October and the fourth quarter on a down note, feeling pressure from expectations for increased supply as traders continued to look past an escalation of tensions in the Middle East.
Oil prices drop as prospect of additional supply offset Mideast fears
Oil prices were steady on Tuesday as the prospect of additional supply entering the market amid lacklustre global demand growth offset concerns that the escalating Middle East conflict could disrupt exports in the key producing region.
China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now
Israel launched a ground offensive against Hezbollah targets in southern Lebanon on Tuesday in a marked escalation of tensions in the Middle East — and the energy markets largely shrugged. The indifference is significant because the Middle East is a huge producer of crude oil — pumping one-third of the world's supply — so any geopolitical tension in the region could spark some sort of meaningful price gain.
18m
Exclusive-Brent Oil Traders Use Little Known Rule to Reroute US Cargoes
LONDON (Reuters) - Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure ...
1h
on MSN
Commodity Roundup: Oil falls at start of Q4, JPM keeps gold 2025 target of $2,850/oz
Crude oil prices fell on Tuesday following an 11% decline in the September quarter as expectations of increased supply and ...
10h
John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn’t Happy.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
16h
Oil prices post losses for the month and quarter on bets for a supply surplus
Oil futures ended Monday with losses for the session, month and quarter, pressured by expectations that major oil producers ...
20h
Oil Update - September 2024
This past month’s movements in oil prices seemed rather severe. Only a few weeks ago, some were talking about Brent oil ...
21h
Russian oil and gas revenue seen falling in 2025-2027 as tax burden on Gazprom to ease, document shows
Russia's state revenue from oil and gas is expected to decline in 2025-2027 mainly because the tax burden on the country's ...
10h
on MSN
Stockton bans eating fish caught in Smith Canal after banned chemical found during oil cleanup
American Legion Park is an area open to fishing, but Stockton city officials have now banned eating what you catch there ...
5h
Nigeria Set to Approve Exxon Sale of Oil, Gas Assets to Seplat
Nigeria is set to approve Exxon Mobil Corp.’s sale of its oil and gas assets to domestic energy supplier Seplat Energy Plc, ...
Oilfield Technology
1d
ExxonMobil plans US$10 billion investment in Nigeria's offshore oil operations
The company also plans to invest around US$2.5 billion/y to enhance oil production by 50 000 bpd over the next few years.
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