- ReutersFuel Shortages Worsen on Sixth Day of Top U.S. Fuel Pipeline Outage
(Reuters) -Fuel shortages worsened in the southeastern United States on Wednesday, as the shutdown of the largest U.S. fuel pipeline network entered its sixth day and gasoline stations ran out of supply in some cities.
- ReutersOil Falls on India COVID Crisis, Easing of Pipeline Outage Fears
SINGAPORE (Reuters) -Oil prices fell on Tuesday on fading fears of a prolonged outage of the largest U.S. fuel pipeline system, while India’s coronavirus crisis showed scant sign of easing, with a seven-day average of new cases at a record high.
- ReutersBP Says It Will Stick with Top U.S. Oil Lobby After Climate Shift
LONDON (Reuters) – BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.
- ReutersOil Slips as Asia Pandemic Fears Counter U.S. Pipeline Cyberattack
LONDON (Reuters) – Oil fell on Monday, giving up an earlier gain, as a cyberattack that forced the shutdown of major fuel pipelines in the United States was countered by rising COVID-19 cases in Asia that raised demand concerns.
- ReutersTraders Book Tankers in Europe to Ship Gasoline Across Atlantic After Colonial Shutdown
LONDON (Reuters) -Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States’ top fuel pipeline network, Refinitiv Eikon data showed on Monday.
- ReutersOil Prices Rise on Drawdown in U.S. Crude Inventory
SINGAPORE (Reuters) -Oil prices edged higher on Thursday, recouping early losses, as crude stockpiles in the United States, the world’s largest oil consumer, fell more sharply than expected as refining output rose and exports surged.
- ReutersWorld Shares Resilient, Drugmakers Hit by Biden’s Move on Vaccines
TOKYO (Reuters) – World shares and commodity prices held firm on Thursday as investors switched to cyclicals amid hopes of a strong economic recovery, but drugmakers’ shares came under pressure after Washington backed waiving patents for COVID-19 vaccines.
- Cyril WiddershovenIPO Fever Heating up Arab Gulf National Oil Companies
Middle Eastern national oils are heading to increased asset monetization, partly to reap the financial rewards of entering financial markets, locking in demand regions or to mitigate energy transition risks.
- ReutersOil and Gas Investor EnCap Raises $1.2 Billion Energy Transition Fund
(Reuters) – EnCap Investments said on Tuesday it has closed a $1.2 billion fund dedicated to investments in the burgeoning energy transition space, the first time the private-equity firm has raised money specifically for clean energy.
- ReutersSaudi Aramco Beats Q1 Profit Forecast, Keeps Dividend as Oil Rebounds
DUBAI (Reuters) -Saudi Arabian state oil producer Aramco on Tuesday beat analysts’ forecasts with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices.
- ReutersOil Prices Slip as Pandemic Takes Toll on India’s Fuel Sales
SINGAPORE (Reuters) -Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in consumption in developed countries and China in the second half of the year.
- James HyerczykGlobal Reversal of Covid-Related Curbs Driving Demand for Commodities
Palladium rose above $3,000 an ounce for the first time on Friday as the market worried about a shortage of the metal.
- ReutersMerck Sees Bigger 2021 Sales Hit After First Quarter Feels Pandemic Pain
(Reuters) -Merck & Co Inc fell short of first-quarter profit estimates on Thursday and forecast a bigger-than-anticipated hit to 2021 sales as the COVID-19 pandemic hurt demand for drugs that need to be administered at a doctor’s office.
- ReutersEurope’s Oil Majors Leave Pandemic Blues Behind
LONDON (Reuters) – Europe’s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic-driven slump in fuel demand behind them.
- ReutersOil Prices Rise, Bullish Demand Outlook Offsets India Concerns
LONDON (Reuters) -Oil prices extended gains on Thursday after rising 1% in the previous session, as bullish forecasts of recovering demand outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan.
- ReutersShell Raises Its Dividend as Profits Surge
LONDON (Reuters) -Royal Dutch Shell’s profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic.
- ReutersOil Prices Extend Gains, Bullish Demand Outlook Outweighs India Concerns
SINGAPORE (Reuters) -Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer outweighed concerns about the impact of rising COVID-19 cases in India, Japan and Brazil.
- ReutersOil Prices Rise as Demand Outlook Offsets COVID Worries
LONDON (Reuters) -Oil prices rose on Wednesday as expectations of rising fuel demand offset concerns about the impact of a surge in India’s coronavirus cases and higher U.S. crude inventories.
- ReutersOil Rises to $66 Ahead of OPEC+ Meeting, India Weighs
LONDON (Reuters) -Oil rose to about $66 a barrel on Tuesday before a meeting of the producer group OPEC+ to discuss oil output policy amid concern India’s coronavirus crisis could dent a recovery in fuel demand.