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Search resuls for: "Alex Lawler"


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☆ Oil rises 2% from multi-month lows on U.S. Gulf output cuts, supply outlook
  + stars: | 2022-09-28 | by ( Laila Kearney | ) www.reuters.com   time to read: +3 min
The outages may only provide a momentary reprieve for oil prices, said Bob Yawger of Mizuho in New York. After shutting some its offshore crude production, BP Plc (BP.L) said the storm didn't pose a threat to its Gulf of Mexico assets and it was redeploying workers to oil platforms. "Oil is currently under the influence of financial forces," said Tamas Varga of oil broker PVM. Iraq's oil minister on Monday said the group was monitoring prices and did not want a sharp increase or a collapse. U.S. crude oil in storage rose by about 4.2 million barrels for the week ended Sept. 23, according to market sources citing American Petroleum Institute figures on Tuesday.
☆ Oil up $2 a barrel from multi-month low on U.S. Gulf supply cuts, softer dollar
  + stars: | 2022-09-27 | by ( Laila Kearney | ) www.reuters.com   time to read: +3 min
An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. "Oil is currently under the influence of financial forces," said Tamas Varga of oil broker PVM. BP and Chevron said on Monday they had shut production at offshore platforms in the Gulf of Mexico as Hurricane Ian approached. read moreThe outages may only provide a momentary reprieve for oil prices, Jim Ritterbusch, of Ritterbusch and Associates, said in a note. Iraq's oil minister on Monday said the group was monitoring prices and did not want a sharp increase or a collapse.
☆ Oil edges up as supply woes outweigh demand and rate hike worries
  + stars: | 2022-09-19 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +3 min
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. The Organization of Petroleum Exporting Countries and allies led by Russia, known as OPEC+, fell short of its oil production target by 3.583 million barrels per day (bpd) in August, an internal document showed. read moreStill, oil also came under pressure from hopes of an easing of Europe's gas supply crisis. read more"The market still has the start of European sanctions on Russian oil hanging over it. As supply is disrupted in early December, the market is unlikely to see any quick response from U.S. producers," ANZ analysts said.
☆ Oil little changed as markets debate fed hikes and supply woes
  + stars: | 2022-09-19 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +3 min
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. read moreStill, oil also came under pressure from hopes of an easing of Europe's gas supply crisis. The U.S. dollar stayed near a two-decade high ahead of this week's decisions by the Fed and other central banks. read more"The market still has the start of European sanctions on Russian oil hanging over it. As supply is disrupted in early December, the market is unlikely to see any quick response from U.S. producers," ANZ analysts said.
☆ Oil edges down on demand fears and strong dollar
  + stars: | 2022-09-19 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +3 min
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. read moreOil also came under pressure from hopes of an easing of Europe's gas supply crisis. A stronger dollar makes dollar-denominated commodities more expensive for holders of other currencies and tends to weigh on oil and other risk assets. The market has also been pressured by forecasts of weaker demand, such as last week's prediction by the International Energy Agency that there would be zero demand growth in the fourth quarter. read moreDespite those demand fears, supply concerns kept the decline in check.
☆ Oil falls more than 2% on demand fears and strong dollar
  + stars: | 2022-09-19 | by ( Alex Lawler | ) www.reuters.com   time to read: +3 min
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. "The upcoming Fed meeting and the strong dollar are keeping a lid on prices," said Tamas Varga of oil broker PVM. read moreOil also came under pressure from hopes of an easing of Europe's gas supply crisis. The market has also been pressured by forecasts of weaker demand, such as last week's prediction by the International Energy Agency that there would be zero demand growth in the fourth quarter. read moreDespite those demand fears, supply concerns kept the decline in check.
☆ Oil falls more than 1.5% on demand fears and strong dollar
  + stars: | 2022-09-19 | by ( Alex Lawler | ) www.reuters.com   time to read: +3 min
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. "The upcoming Fed meeting and the strong dollar are keeping a lid on prices," said Tamas Varga of oil broker PVM. read moreOil also came under pressure from hopes of an easing of Europe's gas supply crisis. The market has also been pressured by forecasts of weaker demand, such as last week's prediction by the International Energy Agency that there would be zero demand growth in the fourth quarter. read moreDespite those demand fears, supply concerns kept the decline in check.
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