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Oil prices bounce back from Tuesday tumble as supply concerns return

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Oil rises nearly 3% before paring some gains Rate hikes, recession fears still capping price gains – analyst China reports new COVID cases across …

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Wall Street pushes up Exxon forecasts as refining margins soar

Signage is seen at an Exxon gas station in Brooklyn, New York City, US, November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register HOUSTON, July 5 (Reuters) – Wall Street analysts sharply increased their Exxon Mobil Corp (XOM.N) second quarter profit estimates after a securities filing showed a $5 billion …

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Brent falls as recession fears deepening demand concerns

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson , California, US, March 11, 2022. REUTERS/Bing Guan Register now for FREE unlimited …

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Russia’s Medvedev says oil could top $300-$400 if Japan’s price cap idea implemented

Deputy Chairman of Russia’s Security Council Dmitry Medvedev gives an interview at the Gorki state residence outside Moscow, Russia January 25, 2022. Sputnik/Yulia Zyryanova/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, July 5 …

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Norwegian oil and gas workers start strike, cutting output

OSLO, July 5 (Reuters) – Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to …

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Bezos slams Biden’s call for gasoline stations to cut prices

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register July 3 (Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s …

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