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Articles for Oil and Gas

Oil Prices Climb As Trump's Return To White House Calms Nerves

Oil prices had fallen sharply when Trump went to hospital on Friday, as the investors were filled with uncertainty over what would happen in the United States as the country gears up for a presidential election on Nov. 3.

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Oil Rebounds On Trump Health Update, Norway Shutdowns

Brent was up $1.20, or 3.1%, to $40.47 a barrel by 0925 GMT. U.S. West Texas Intermediate (WTI) crude was $1.26, or 3.4%, higher at $38.31 a barrel.

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Oil Prices Claw Back 2% After Upbeat Signals From Trump Doctors

Trump's health update eased political uncertainty in global markets, pushing Brent up to $39.96 a barrel by 0232 GMT, gaining 69 cents or 1.8%. U.S. West Texas Intermediate (WTI) crude was at $37.81 a barrel, up 76 cents, or 2.1%.

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Noble Energy Shareholders Approve $4.1 Billion Sale To Chevron

The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.

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Oil Loses 4% After Trump Gets Coronavirus And Economies Wobble

Brent crude was down $1.66, or 4.1%, at $39.27 a barrel. Brent was down 7% on the week.

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Oil Extends Losses After Trump Tests Positive For COVID-19

Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710 GMT.

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Natural Gas Production In India Remains Loss-Making Proposition After Gas Price Cut: Rating Agencies

The reduction in gas price to USD 1.79 per metric million British thermal unit (mmBtu) from USD 2.39 'is credit negative for upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) as it will lower their revenue from gas sales'

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Petrol Demand Returns To Pre-COVID-19 Levels, Diesel Sales Inching Up

Petrol sales rose to 2.2 million tonne in September as compared to 2.16 million tonne in the same month last year and 1.9 million tonne during August 2020.

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Oil Holds Steady On Hopes For U.S. Stimulus Agreement

US West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 GMT, after jumping 2.4% on Wednesday.

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Rosneft, Aramco Unlikely To Bid For BPCL Stake

India's government, which is looking to finance welfare schemes and bridge a fiscal deficit that has already topped the annual target, had aimed to raise $8 billion to $10 billion through the sale of its stake in BPCL.

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