Nigerian oil export terminal had stolen line into sea for 9 years

ABUJA, Oct 6 (Reuters) – Officials in Nigeria discovered an illegal connection line from one of its major oil export terminals into the sea that had been operating undetected for nine years, the head of state oil company NNPC LTD said. The 4-kilometre (2.5-mile) connection from the Forcados export terminal, which typically exports around 250,000 … Read more

Stocks rebound, oil up again as market eyes higher jobless data

WASHINGTON/LONDON, Oct 6 (Reuters) – US stocks looked set to mount a comeback after new economic data suggested a tightening labor market, while oil treaded water after announced big supply cuts from OPEC+. US stocks erased early losses to start the day in positive territory after the US Labor Department reported more Americans filed new … Read more

Morning Bid: Runaway oil | Reuters

A look at the day ahead in European and global markets from Anshuman Daga Just when stock markets seemed to be regaining their footing after a wild third quarter – beset by rising interest rates and the dollar’s runaway gains – there’s more trouble brewing. This time, oil prices are to blame. Register now for … Read more

Oil extends gains after OPEC+ agrees to slash crude output

OPEC+ agrees oil production cuts, Biden calls it shortsighted US crude and fuel stockpiles down last week – EIA Russia may cut oil output if price caps are introduced – Novak SINGAPORE, Oct 6 (Reuters) – Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after OPEC+ agreed to … Read more

Gas crisis seen to worsen after Europe burns through winter stocks

European gas storage tanks around 90% full Gazprom resumes exports to Italy Kremlin wants to join Nord Stream leaks inquiry EU divided over proposals for gas price cap HELSINKI/BRUSSELS, Oct 5 (Reuters) – Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold … Read more

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

OPEC+ to cut output by 2 million bpd Real cuts estimated at 1 million bpd due to under-production Biden criticizes decision, calls it shortsighted Saudi says West’s criticism driven by wealth arrogance Saudi says cuts necessary due to rising interest rates VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ agreed steep oil production cuts on Wednesday, curbing … Read more

Morning Bid: Not so fast – Reuters

Morning Bid: Not so fastReuters Stocks making the biggest moves in the premarket: Tesla, Ford Motor, Goldman Sachs and moreCNBC Dow Jones Futures Fall After Market Rally On Fed Hopes; Musk-Twitter Saga Isn’t Over Yet | Investor’s Business DailyInvestor’s Business Daily Morning Bid: Retweet or like?Reuters Top stocks trending after hours: Twitter, Amylyx Pharmaceuticals, AutoZone, … Read more

US steps away from flagship lithium project with Berkshire

Oct 5 (Reuters) – In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment. A “big part” of those efforts, the president said, was Berkshire Hathaway Inc’s (BRKa.N) … Read more