Oil prices jump after U.S. crude, fuel stocks drop, dollar weakens

NEW YORK, Sept 28 (Reuters) – Oil prices rose for the second day on Wednesday, rebounding from recent losses as the U.S. dollar slowed its recent gains and U.S. fuel inventory figures showed larger than expected declines and a rebound in consumer demand. Brent crude futures settled down $3.05, or 3.5%, at $89.32 a barrel. … Read more

U.S. oil execs fear recession, nagging supply shortages -Dallas Fed survey

Sept 28 (Reuters) – U.S. energy executives fear an economic recession could reduce demand for oil and gas, complicating the situation for a sector already plagued by supply chain problems and the rising costs, according to a survey released Wednesday by the Federal Reserve Bank of Dallas. The Fed’s Business Outlook Index fell 33 points … Read more

World stocks edge above Nov 2020 lows, sterling recovers some ground

Join now for FREE unlimited access to Reuters.com Register The dollar has eased since its 20-year highs reached on Monday German 10-year bond yields hit near 11-year highs Oil rebounds from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – Global stocks rebounded on Tuesday after hitting a 21-month low and the pound rebounded after … Read more

Philippines to open door to LNG imports next year with 3 terminals

The LNG carrier model is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Three LNG import terminals will be commissioned in early 2023 Three other projects planned to operate in 3 years Philippines taps into LNG as Malampaya gas field nears dry up MANILA, … Read more

Oil prices fall for a second day on concerns for expected recession

The pattern of oil barrels is seen in front of the rising stock market chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register September 26 (Reuters) – Oil prices fell for the second day on Monday on fears of lower fuel demand due to an expected … Read more

Sterling collapses as investors fly into dollars

Join now for FREE unlimited access to Reuters.com Register The pound sterling hits a record high; risk of reaction from the BOE Euro down 1%; The Aussie, Kiwi and Yuan hit multi-year lows S&P 500 futures fall 0.6% SYDNEY, Sept 26 (Reuters) – The pound fell to a record high on Monday, sparking speculation of … Read more

How Texas’ abortion ban hurts Big Oil’s effort to transform its workforce

Hayley Hollands, a lawyer, and her husband Steve Beaman, an oil worker, who left Texas amid concerns over state laws, pose for a photo in Lone Tree, Colorado, USA, in this undated photo. Hayley Hollands/Handout via REUTERS Join now for FREE unlimited access to Reuters.com Register DENVER/HOUSTON, Sept 23 (Reuters) – As Texas officials scrambled … Read more

Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears … Read more

Canada’s Pieridae in talks with government, TC Energy about east coast LNG project

The TC Energy logo is pictured on a smartphone in front of the stock chart displayed in this illustration taken December 4, 2021. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Sep 22 (Reuters) – Pieridae Energy (PEA.TO), one of the companies offering a liquefied natural gas (LNG) terminal on Canada’s east … Read more

Europe burns cash to help businesses in deepening energy crisis

Join now for FREE unlimited access to Reuters.com Register Gas prices in Europe soared amid Ukraine crisis Utilities face a cash crunch Germany ‘will do everything possible’ to help businesses Russian mobilization triggers soaring oil prices BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would cut … Read more