Oil and Gas | FI SENSE

myfisenseSeptember 20, 2021

Oil prices fell on Monday, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. rig count rose, although nearly a quarter of U.S. Gulf of Mexico output remained offline in the wake of two hurricanes. U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $71.67 a […]

myfisenseSeptember 13, 2021

(Reuters) – Goldman Sachs said Hurricane Ida had a larger impact on oil production than on refinery demand, causing a net “bullish” impact on U.S. and global storage levels. The investment bank, in a note dated Sept. 9, described the hit to U.S. output as “historically large” and expects almost 40 million barrels of crude […]

myfisenseSeptember 13, 2021

(Reuters) – European stocks rose on Monday, with oil, banks and utility shares driving gains as investors hoped that a strong euro zone economic recovery would outweigh risks from a global slowdown. The pan-European STOXX 600 index was up 0.4% after hitting a three-week low last week. Asian stocks, however, fell following news of fresh […]

myfisenseSeptember 10, 2021

LONDON (Reuters) -Oil rose towards $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost. About three-quarters of the U.S. Gulf’s offshore oil production, or about 1.4 million barrels per day, has remained […]

myfisenseSeptember 7, 2021

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BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car digital payments provider. The fresh funds will help Ryd expand its service into international markets and build out its offering, according to a statement. Ryd’s service allows users to lump together […]

myfisenseSeptember 6, 2021

LONDON (Reuters) – Oil prices fell on Monday, extending losses after the world’s top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand. Brent crude futures for November fell 66 cents, or 0.91%, to $71.95 per barrel by 0930 GMT. U.S. […]

myfisenseAugust 26, 2021

Oil fell on Thursday for the first session in four amid renewed concerns about demand recovery as more restrictions are imposed to curb Covid-19 infections. Brent crude was down 61 cents, or 0.9%, at $71.63 per barrel, having risen 1.7% on Wednesday. U.S. oil was down 68 cents, or 1%, at $67.68 a barrel, after gaining 1.2% in the previous […]

myfisenseAugust 24, 2021

DUBAI, Aug 24 (Reuters) – The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data showed on Tuesday. Overall exports increased by nearly 92% in June compared to a year earlier when international trade was […]

myfisenseAugust 11, 2021

U.S. shale producer BKV Corp is acquiring a Texas power generator for $430 million in a move that leverages its gas production to generate electricity, the company said. The deal comes as Texas tries to encourage new gas-fired power generation to meet record demand. Texas coal-fired plants have closed due to competition from cheaper wind […]

myfisenseJuly 12, 2021

Just days from now, Biden is set to gamble a proposed $2.5 trillion on a new plan, in hopes of bringing America’s foundation into the next generation. It’s coming in the form of the biggest infrastructure project since the highway system was built in the 1970s. But with today’s massive infrastructure bill, most people might […]

Category: Oil and Gas

Oil down on stronger greenback, rising U.S. rig count

Hit to oil output from Ida overshadows demand impact, says Goldman

Oil, banks lift European stocks on recovery bets

Oil rallies towards $73 on tight U.S. supplies, Biden-Xi call

BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion

Oil down after deep Saudi price cuts spur demand concerns

Oil prices fall first day in four as virus concerns return

Saudi Arabia’s June oil exports rise 123% to over $16 bln

Gas producer BKV Corp buys Texas power plant for US$430M

Biden’s $2.5 Trillion Plan Could Send These 3 EV Stocks Soaring

Lufthansa, easyJet win EU court backing to buy Air Berlin assets

ADIA to lead GoTo’s pre-IPO funding round with $400m investment

LOGOS acquires Qantas Airways land parcel for $595m

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