oil and gas

Image for Cenovus to buy remaining 50% stake in Toledo refinery from BP
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Cenovus to buy remaining 50% stake in Toledo refinery from BP

(Reuters) -Cenovus Energy Inc will buy the remaining 50% stake it does not already own in Ohio-based...

8th August, 2022

Image for Oil prices end week on multi-month lows on recession fears
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Oil prices end week on multi-month lows on recession fears

By Laura Sanicola (Reuters) -Oil prices settled higher on Friday, recouping some of this week’s loss...

5th August, 2022

Image for Tullow Oil abandons Guyana well after dismal drilling results
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Tullow Oil abandons Guyana well after dismal drilling results

By Muhammed Husain (Reuters) -Africa-focused Tullow Oil said on Friday it would abandon its drilling...

5th August, 2022

Image for OPEC+ agrees tiny output rise in setback for Biden
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OPEC+ agrees tiny output rise in setback for Biden

By Maha El Dahan and Ahmad Ghaddar DUBAI/LONDON (Reuters) – OPEC+ is set to raise its oil output goa...

3rd August, 2022

Image for Oil falls 4%, pressured by surprise U.S. crude, gasoline build
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Oil falls 4%, pressured by surprise U.S. crude, gasoline build

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices slid about 4% on Wednesday, with losses accelerat...

3rd August, 2022

Image for Oil rises as OPEC+ meeting eyed, global demand concerns weigh
Investing

Oil rises as OPEC+ meeting eyed, global demand concerns weigh

By Alex Lawler LONDON (Reuters) -Oil rose on Tuesday ahead of a meeting of OPEC+ producers this week...

2nd August, 2022

Image for G7 mulls options to restrict Russian oil profits
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G7 mulls options to restrict Russian oil profits

LONDON (Reuters) -The Group of Seven (G7) wealthy nations is looking at blocking the transportation...

2nd August, 2022

Image for Oil slips as global demand concerns weigh, OPEC+ meeting eyed
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Oil slips as global demand concerns weigh, OPEC+ meeting eyed

By Alex Lawler LONDON (Reuters) -Oil slipped on Tuesday as investors absorbed a bleak outlook for fu...

2nd August, 2022

Image for BP to boost spending on oil and gas by $500 million, CEO says
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BP to boost spending on oil and gas by $500 million, CEO says

LONDON (Reuters) – BP is increasing its spending on oil and gas by $500 million in response to soari...

2nd August, 2022

Image for FTSE 100 closes down as oil stocks drop and sterling gains
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FTSE 100 closes down as oil stocks drop and sterling gains

By Sruthi Shankar (Reuters) -A slump in oil stocks and rally in sterling weighed on Britain’s top sh...

1st August, 2022

Image for Oil sinks after weak factory data sparks demand concerns
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Oil sinks after weak factory data sparks demand concerns

By Stephanie Kelly NEW YORK (Reuters) -Oil prices dropped sharply on Monday as weak manufacturing da...

1st August, 2022

Image for Oil outshines stocks and dollar in 2022
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Oil outshines stocks and dollar in 2022

By Ahmad Ghaddar LONDON (Reuters) – Oil prices are proving resilient to global economic recession fe...

1st August, 2022