Oil Posts Big Sept/Q3 Loss, Barely up on Week Ahead of OPEC+

By Barani Krishnan Investing.com — Oil bulls wallowed in another day of losses on Friday after a surprisingly higher U.S. inflation print for August reinforced expectations for more super-sized Federal Reserve rate hikes.  U.S. crude’s strong run-up between Tuesday and Wednesday, however, held the market in good stead for a small weekly gain in five, … Read more

Oil up 4% as Bulls Storm Back In on Hurricane, Crude Draw and Dollar Drop 

By Barani Krishnan Investing.com — It never rains but it pours.  The saying about a bunch of bad things all happening at once can be applied in the reverse too. Such was the case on Wednesday for oil bulls, who caught a break from their miserable run through most of September as output shut-ins over … Read more

Essar Oil UK signs offtake agreement with Vertex Hydrogen

London, Sep 28 (IANS) Essar Oil UK Limited (Essar) has announced that it has signed a ‘Heads of Terms offtake agreement with Vertex (NASDAQ:) Hydrogen (Vertex) for the supply of 280MW plus of hydrogen. The hydrogen will then be used to help decarbonise Essars existing production facilities, including the new hydrogen-powered furnace which was delivered … Read more

Oil Rebound Stalls as Recession Fears Outweigh Supply Crunch

By Ambar Warrick  Investing.com– A rebound in oil prices appeared to be running out of fuel on Wednesday as fears of slowing short-term demand offset a potential supply shortage stemming from OPEC production cuts and a hurricane in the Gulf of Mexico. Prices remained close to eight-month lows, as rising interest rates and growing fears of … Read more

Oil Inventories Rise by More Than Expected 4M Barrels Last Week: API

By Yasin Ebrahim Investing.com — U.S. crude stockpiles increased by much more than expected last week, the API reported Tuesday, just as investors up their bets on supply disruptions as Hurricane Ian is expected to make landfall in Florida on Wednesday.   , the U.S. benchmark, traded at $78.11 a barrel following the report after settling … Read more

Oil Up on Hurricane Fear; Fed Speakers Blunt Highs

By Barani Krishnan Investing.com — Oil bulls: Thank Hurricane Ian. Oil bears: Thank Messrs. Bullard and Kashkari at the Fed (for not making it any worse for you). Fears that Hurricane Ian might pulverize oil producing platforms on the Gulf Coast prompted supermajors Chevron (NYSE:) and BP (NYSE:) to evacuate their facilities there on Tuesday, … Read more

Pending Home Sales, Fed Speakers, Oil Inventories: 3 Things to Watch

By Liz Moyer Investing.com –The Dow slipped further into bear market territory on Tuesday but tech stocks rebounded despite rising fears about a global economic slowdown. The Federal Reserve is determined to stop inflation in its tracks, but that leaves some worried that it will overstep and tip the U.S. economy into recession. Sentiment is … Read more

Oil Creeps Higher as Markets Weigh Hurricane-led Supply Disruptions

By Ambar Warrick  Investing.com– Oil prices rose slightly on Tuesday as markets weighed potential supply disruptions from Hurricane Ian, although a worsening outlook for crude demand kept prices pinned at near nine-month lows. Major crude producers BP (LON:) PLC ADR (NYSE:) and Chevron Corp (NYSE:) said that they had cut production at some offshore oil platforms … Read more

Coal India to ink pacts with Indian Oil, BHEL, GAIL to set up 4 gasification projects

New Delhi, Sep 23 (IANS) Coal India (NS:) Ltd (CIL) will be inking three major pacts on September 27 with BHEL, Indian Oil (NS:) Corporation and GAIL (NS:) India for setting up four surface coal gasification projects in the country. These pacts will help in facilitating setting up of coal-to-chemical projects through surface coal gasification … Read more