Oil news Page 3

Fire at ExxonMobil's Baytown, Texas, facility
Crude prices jump after massive fire at ExxonMobil plant

The incident sent four people to the hospital

Daniel Tyson
Caspian Sunrise logo
Caspian Sunrise (CASP) up 26% after operational update

Stock in the London-listed oil and gas firm is up 137% this year on a pandemic recovery

Jenni Reid
Offshore Oil or Gas Rig in sea at sunset time. industry drill platform in ocean. Water with underwater bubbles with sunrise on horizon. subsea marine landscape. Mining petroleum.
Europe’s supply crunch keeps oil price steady

Markets tight as supply shortages in Europe persist

Jenal Mehta
Derricks in an oil field
Crude futures climb as inventories drop

Analysts say oil demand could fall if Omicron causes new travel restrictions

Daniel Tyson
PEMEX gas station in Mexico
Critics leery of PEMEX government bailout, turnaround plan

Mexican company still isn't planning for carbon reduction

Daniel Tyson
Aerial view offshore drilling rig (jack up rig) at the offshore location during sunset
Supply shortages relieve downward pressure on energy prices

The price of oil and natural gas has risen as demand continues to outpace supply

Jenal Mehta

Barrels of oil with dollar sign
US oil prices bounce back, but worries over Omicron remain

Oil futures up across the board Monday afternoon

Daniel Tyson
Oil rig at sea
Lockdown effect on energy prices offset by vaccine protection

Energy prices slip only 3% amid concern over potential lockdowns

Jenal Mehta
Barrels of oil with dollar sign
Commodities lose ground Monday amid Omicron fears

Declines highlight worries about Covid-19-like closures

Daniel Tyson
A busy high street with many people carrying shopping bags
Business news: Retail sales rise, German anxiety increases

Air France will purchase 100 Airbus A320neo family aircraft.

Jenny McCall
A row of oil hammer anvils and rigging in a field with blue sky beyond
Energy commodities remain stable after BoE surprise interest rate hike

Market reaction appears muted after interest rate decisions from Bank of England and FED

Jenal Mehta
An airplane is parking in an airport's tarmac for refuelling
Omicron may slow jet fuel demand recovery until end of March

Consulting firm Wood Mackenzie predicts a limited impact on gasoline and diesel demand

Fitri Wulandari
Oil valves and pipelines
US oil demand hits record highs, adding to inflation push

Surge is related to increased travelling during the holiday season and more trucks on the road

Daniel Tyson
General street scene of Chester city centre showing traffic and pedestrian restrictions.
Business news: BoE raises rates, UK economy hit by Omicron

The Bank of England raised its base rate to 0.25% today

Jenny McCall
Oil rig and ship at sea during sunset
Energy commodities rally after Fed announcement

Oil and gas prices get a boost as Fed confident of robust economic recovery in new year

Jenal Mehta

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