Page 5 - Tom Kool News Today

The COP28 climate summit in Dubai on December 11 approved a proposal to hold the next iteration of the annual event in the South Caucasus nation of Azerbaijan

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Prices of Brent crude and West Texas Intermediate were down nearly 4% on Wednesday as an unexpected and significant increase in U.S. gasoline inventories added to concerns about lagging demand

Dutch pension fund Pensioenfonds Metaal & Techniek (PMT) is divesting from 40 oil and gas companies, but will keep its investments in Shell and BP and seven other energy firms as it sees the nine companies as “the most promising”

About 50% of analysts surveyed by Bloomberg on Friday says that they expect OPEC+ to roll over the deep production cuts into 2024

A day after the Energy Information Administration released its inventory report showing a 3.59-million-barrel jump in U.S. crude oil stockpiles, oil prices are trading down well over 3%

Saudi Arabia may extend its voluntary oil output cuts into the first quarter or the first half of next year

Oil prices were climbing upwards midday Monday, with Brent crude gaining over 1.6% after the market digested an OPEC report suggesting demand in the U.S. and China is not lowering to the point of concern

Oil prices have nearly erased all year-to-date gains as shrinking refining margins signal weaker demand for oil.

Despite continued fears that the Hamas-Israel conflict could involve more actors in the Middle East, oil prices were set early on Friday for their first weekly loss in three weeks amid concerns about the economy and oil demand