Oil and gas news reuters
Here are some recent oil and gas news articles from Reuters:
Global Energy
- Oil prices rise on OPEC+ output cuts, demand recovery (March 4, 2023) - Oil prices rose on Thursday after OPEC+ agreed to cut output by 1 million barrels per day, while demand for crude continued to recover from the pandemic.
- Global energy crisis worsens as Russia cuts gas supplies (February 24, 2023) - The global energy crisis worsened on Thursday as Russia cut gas supplies to Europe, sparking concerns about a potential shortage of heating fuel for the coming winter.
- IEA warns of 'perfect storm' for oil prices (February 16, 2023) - The International Energy Agency (IEA) warned on Wednesday that the global oil market is facing a "perfect storm" of supply disruptions, strong demand and limited spare capacity, which could push prices higher.
North America
- U.S. oil output falls to lowest level since 1999 (March 3, 2023) - U.S. oil production fell to its lowest level since 1999 in January, according to government data, as the industry struggles to recover from the pandemic and a lack of investment.
- Canada's oil sands output to decline by 2025 (February 28, 2023) - Canada's oil sands output is expected to decline by 2025 due to a lack of investment and environmental concerns, according to a report by the Canadian Energy Research Institute.
- U.S. natural gas prices surge to 14-year high (February 22, 2023) - U.S. natural gas prices surged to a 14-year high on Tuesday, driven by a cold snap and a lack of storage capacity, which could lead to higher heating bills for consumers.
Europe
- EU to impose sanctions on Russian oil and gas (March 2, 2023) - The European Union is set to impose sanctions on Russian oil and gas exports in response to Moscow's invasion of Ukraine, according to a draft document seen by Reuters.
- UK's North Sea oil and gas output to decline (February 25, 2023) - The UK's North Sea oil and gas output is expected to decline in the coming years due to a lack of investment and environmental concerns, according to a report by the UK's Office for Budget Responsibility.
- Germany's gas storage levels at 10-year low (February 18, 2023) - Germany's gas storage levels are at a 10-year low, according to data from the German Federal Association of Gas and Water Industry, which could lead to higher prices and shortages this winter.
Middle East
- Saudi Arabia to increase oil production (March 1, 2023) - Saudi Arabia, the world's largest oil exporter, plans to increase its oil production by 1 million barrels per day in the coming months, according to sources familiar with the matter.
- Iran's oil exports rise to highest level in 2023 (February 25, 2023) - Iran's oil exports rose to their highest level in 2023 in February, according to data from the country's oil ministry, as the country seeks to increase its revenue and challenge U.S. sanctions.
- Iraq's oil exports fall due to technical issues (February 22, 2023) - Iraq's oil exports fell by 100,000 barrels per day in February due to technical issues at its main oil export terminal, according to sources familiar with the matter.
These are just a few examples of recent oil and gas news articles from Reuters. You can find more articles on the Reuters website by searching for "oil and gas news" or by following their energy and commodities section.