Oil Edges Higher, Supported by Rising Geopolitical Tensions in Europe
Oil edged higher in the morning Asian session, supported by rising geopolitical tensions in Europe which could increase the risk of oil-supply disruptions. Source link
Oil Prices Slide as Demand Concerns Outweigh Geopolitical Worries
Oil prices fell and Swissquote Bank said the ample global supply against a weak global demand outlook remains supportive of bearish positions, adding that a solid resistance is being seen in the $70-72 a barrel range. Source link
Nigeria’s richest man Aliko Dangote takes on the ‘oil mafia’
Getty Images Aliko Dangote made his money through sugar and cement Petrol production at Nigerian business tycoon Aliko Dangote’s $20bn (£15.5bn) state-of-the-art oil refinery ought to be some of the best business news Nigeria has had in years. But many Nigerians will judge its success on two key questions – firstly: “Will I get cheaper petrol?” Sorry, but probably no – unless the international price of crude drops. And secondly:
European oil giants step back from renewables path By Reuters
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP (NYSE:) embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits. Rivals Shell (LON:)
Why Big Oil Doesn't Mind Big Regulation
Donald Trump’s call to undo Biden-era regulation isn’t welcome news for all fossil-fuel producers. Source link
Oil Mixed as Concerns of Weak China Demand Persist
Oil prices were mixed in early Asian trade as market sentiment was weighed by persistent concerns of weak demand in China. Source link
Trump picks oil industry CEO Chris Wright as Energy Secretary By Reuters
WASHINGTON (Reuters) – President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He is expected to support Trump’s plan to maximize production of oil and gas and to seek ways to boost
Billions at stake in court battle over North Sea oil and gas
PA Media Protesters from Greenpeace and Uplift gathered outside the Court of Session in Edinburgh at the start of the case How much oil – and how much profit – remain beneath the waters that buffet the British Isles? Going by the number of lawyers packed into the Court of Session in Edinburgh this week, it must be a decent amount. Seven advocates squeezed into the front row of courtroom
Oil Set for Weekly Loss Amid Demand Worries, Rate-Cut Slowdown Prospects
Oil was more than 1% lower in Europe and headed for a weekly loss on a gloomy demand outlook and expectations of fewer Fed rate cuts. Source link
Oil Inches Higher But Demand Outlook Weighs on Sentiment
Oil prices edged higher in early European trade on signs of supply tightness but remain near two-week lows after OPEC again cut demand-growth estimates, with traders now focusing on Wednesday’s U.S. inflation data for interest-rate clues, ANZ Research said. Source link
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