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Top related persons:
Chevron - 1 Wheatstone - 1 Baden Moore - 1 NAB's Moore - 1 Emily Chow - 1 Lewis Jackson - 1 Florence Tan - 1 Tony Munroe - 1
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Chevron - 1 Handout - 1 REUTERS Acquire - 1 Rights - 1 NEXT - 1 Unions - 1 International Gas Union - 1 National Australia Bank - 1

Search resuls for: "NAB's Moore"


3 mentions found


☆ Explainer: Chevron Australia LNG workers start strike. What happens now?
  + stars: | 2023-09-08 | by ( Emily Chow Lewis Jackson | Emily Chow | Lewis Jackson | ) www.reuters.com   time to read: +4 min
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. If there is still no deal by then, the unions will completely stop work for two weeks. Australia was the world's largest LNG exporter last year, shipping out 80.9 million metric tons of the fuel in 2022 versus 79 million tons in 2021, according to the International Gas Union. A prolonged strike could disrupt exports and raise prices of LNG, which is used for electricity generation. The same union alliance also secured agreements last year with Shell (SHEL.L) and Inpex (1605.T) at their LNG facilities in Western Australia.
Persons: Chevron, Wheatstone, Baden Moore, NAB's Moore, Emily Chow, Lewis Jackson, Florence Tan, Tony Munroe, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, NEXT, Unions, International Gas Union, National Australia Bank, NAB, Woodside Energy Group, WHAT'S, Woodside, North West Shelf, Shell, Thomson Locations: Wheatstone, Western Australia, Rights SINGAPORE, SYDNEY, Australia, Japan, South Korea, China, Taiwan, Asia, Europe, Ukraine, Inpex, Woodside
☆ Oil drops as US rate hike concern, weak China data offset OPEC+ cuts
  + stars: | 2023-05-01 | by ( Alex Lawler | ) www.reuters.com   time to read: +2 min
The Fed, which meets on May 2-3, is expected to increase interest rates by another 25 basis points. The U.S. dollar rose against a basket of currencies on Monday, making oil more expensive for other currency holders. Weak economic data from China also weighed. "We believe the oil market will be in deficit through the remainder of the second quarter" following the OPEC+ cuts, said NAB's Moore, who added that the bank expected the curbs plus higher demand to drive prices higher. Reporting by Katya Golubkova; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
☆ Oil prices drop as US rate hike fears, weak China data offset supply cuts
  + stars: | 2023-05-01 | by ( Katya Golubkova | ) www.reuters.com   time to read: +3 min
The Fed is expected to increase interest rates by another 25 basis points this week. The U.S. central bank has raised its policy rate by 475 basis points since March of last year from the near-zero level to the current 4.75%-5.00% range. In the week ahead, the Reserve Bank of Australia is widely expected to extend a rate hike pause on Tuesday and the European Central Bank could surprise with an outsized half-point increase on Thursday. Brent crude has been tracking broader markets in recent sessions, with a slew of economic data creating more uncertainty about the outlook," ANZ Research said in a client note. Reporting by Katya Golubkova; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
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