Tag: Oil Production
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Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output
By Georgina McCartneyMIDLAND, Texas (Reuters) - A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast...
Israeli strikes on Iran’s ‘oil island’ could send crude prices soaring
The flow of oil through the Strait of Hormuz — a narrow waterway that borders Iran and is the most sensitive transportation chokepoint for...
Markets and the Middle East: How investors are weathering geopolitics
By Dhara Ranasinghe and Alun JohnLONDON (Reuters) - Conflict in the Middle East is escalating once more, but the mood music across financial markets...
US oil demand grew to highest seasonal level since 2019 in July, EIA data shows
NEW YORK (Reuters) -U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time in...
Oil prices fall over 2% on prospects Saudi Arabia to raise output
By Gabrielle Ng and Katya GolubkovaSINGAPORE (Reuters) -Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world's biggest crude exporter,...