Saturday, July 26, 2025

New York, New York–(Newsfile Corp. – February 15, 2021) – Pomerantz LLP announces that a clas…

Column: Funds bought U.S. crude ahead of big freeze - John Kemp- oil and gas 360

Column: Funds bought U.S. crude ahead of big freeze – John Kemp

Reuters LONDON – Hedge funds purchased more petroleum last week, but buying was almost entirely concentrated in WTI, which suggests it was driven by the prospect of freezing weather temporarily hitting U.S. oil production. Hedge funds and other money managers purchased the equivalent of 33 million barrels in the six most important petroleum-linked futures and options contracts in the week

U.S. senators prod Biden administration on Nord Stream 2 pipeline sanctions- oil and gas 360

U.S. senators prod Biden administration on Nord Stream 2 pipeline sanctions

Reuters WASHINGTON – Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a “bad deal” for Europe. Source: Reuters Senators Jim Risch, a Republican, and Jeanne Shaheen, a Democrat, urged the State Department

Exclusive: Equinor considers more US asset sales in global strategy revamp- oil and gas 360

Exclusive: Equinor considers more US asset sales in global strategy revamp

Reuters OSLO – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of U.S. assets over the past decade. While the company, like other energy majors, has been hit by last year’s fall

Iran oil output faces race against time as U.S. sanctions linger- oil and gas 360

Iran oil output faces race against time as U.S. sanctions linger

Reuters LONDON/SINGAPORE – Iran’s oil reserves risk becoming stranded assets unless the new U.S. administration eases sanctions that have left the country lagging rivals in output capacity and losing a race against time as the transition to low carbon energy gathers pace. Iran, which sits on the world’s fourth-largest oil reserves, relies heavily on oil revenue, but sanctions have prevented

https://www.reuters.com/article/uk-global-oil/oil-hits-13-month-highs-as-market-re-balances-idUSKBN2AF00X- oil and gas 360

Oil hits 13-month highs as market re-balances

Reuters LONDON – Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in. Brent crude was up 88 cents, or 1.4%, at $63.31 a barrel at 1320 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020. U.S. West Texas