Forecasts for an inventory decrease during the third quarter peak summer demand season and geopolitical uncertainties from the Middle East…
Browsing: crude oil
The 50-year U.S.-Saudi petrodollar deal expired recently. Global crude oil transactions employ the U.S. dollar, known as the “petrodollar”. After…
On Thursday, oil prices remained stable after significantly declining in the previous session. This was because fears of shipping interruptions…
Oil rises on US inventory draw, upbeat demand expectations. The price of oil increased in Asian trading on Thursday, extending…
The unpredictability of OPEC+’s voluntary output cutbacks, the ongoing tension in the Middle East, and the lackluster economic statistics from…
Oil is down as uncertainty over OPEC+ supply cuts and demand growth weigh in. Even though the possibility of supply…
Greenpeace, an environmental organization, said on Monday that large oil and gas corporations in China and other countries are “greenwashing”…
Brent holds above $80 a barrel ahead of the OPEC+ meeting. With Brent maintaining its price over $80 per barrel,…
After OPEC+ postponed a ministerial meeting, prompting suspicion that producers could cut output less than planned, oil prices fell by…
In subdued pre-U.S. Thanksgiving holiday trade on Wednesday, oil prices slightly declined as investors awaited word on output cutbacks from…
Russia has little reason for a drastic change since its energy revenue is solid, oil prices are higher than its…
Oil futures dropped on Tuesday, reversing significant gains gained in the previous two trading days, as investors turned cautious ahead…
Oil futures moved higher on Monday, extending their gains in anticipation of OPEC+ deepening production curbs to prop up prices,…
On Friday, the price of oil increased, a day after falling to a four-month low and 5% to a new…
As signs of increased US production coincided with worries about China’s weak energy demand on Thursday, oil prices continued their…
One day after the International Energy Agency’s (IEA) increased its projection for this year’s rise in oil demand, oil prices…
The IEA raises oil demand growth forecasts despite economic gloom. Despite an anticipated slowdown in economic development in almost all…
Monday saw a sharp decline in oil prices, wiping out gains from Friday as fresh worries about slowing demand in…
Monday saw a little increase in oil prices as major producers Saudi Arabia and Russia declared they would continue with…
Oil heads for weekly losses as Mideast worries ease and China demand is uncertain. Friday saw no movement in oil…
Ahead of this week’s significant meetings of world central banks, including the U.S. Federal Reserve, oil prices slightly increased in…
After falling more than 3% the day before, oil prices rose in Asian trade on Tuesday as concerns about supply…
Oil prices increased on Tuesday, regaining some losses they had sustained the previous day. Investors were concerned that the battle…
Oil prices fell more than $1 on Monday due to concerns for a larger war in the oil-rich area and…
On increased concerns that the Israel-Gaza war may expand throughout the Middle East and disrupt supply from one of the…
After hundreds were murdered in an explosion at a Gaza hospital on Wednesday, tensions in the Middle East increased, raising…
Investors are watching to see if the Israel-Hamas war involves other nations, which might push up prices further and inflict…
On Monday, there was increased concern over the rising bloodshed in Gaza and the possibility that the battle may involve…
Oil rises as U.S. sanctions stockpile forecasts raise supply worries. In an already competitive market, the tightening of U.S. sanctions…
Saudi Arabia-Russia supply cuts disrupt oil and U.S. dollar relations. Oil’s propensity to move in the opposite direction of the…
Oil dips on investor caution as market eyes Middle East turmoil. After rising more than 4% the previous day, oil…
Asia shares pick up after Fed rate comments; oil dips. Asian stocks increased on Tuesday as bond rates fell, which…
The Middle East war increased the price of oil and Treasury bonds, which caused U.S. stock futures to decline on…
On Thursday, oil prices dropped more than $1, adding to the previous session’s steep losses as an unreliable demand picture…
Oil prices dropped on Wednesday as demand worries brought on by macroeconomic headwinds overshadowed Saudi Arabia’s pledge to maintain oil…
Eni, an Italian energy company, revealed on Monday that it has made a significant gas find in Indonesia, extending its…
On Friday, oil prices were mixed during a volatile trading session due to concerns about the macroeconomy and profit-taking. However,…
Oil prices plummeted by more than $1 on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, leaving investors…
Oil prices rise on supply deficit concerns. Oil prices increased for the fourth straight session on Tuesday as sluggish U.S.…
Oil rises on supply concerns and China’s demand recovery. On Monday, oil prices jumped for a third straight day on…
Oil rebounds as markets refocus on supply tightness. Oil prices rose on Thursday after dipping the day before as markets…
Oil prices ease, but supply cuts keep Brent above $90/bbl. Fuel demand fell on Monday due to a stronger U.S.…
Oil prices rose Tuesday as markets evaluated August production curbs by main exporters Saudi Arabia and Russia against a dismal…
According to marketing documents obtained by Reuters, Chevron (CVX.N) is selling multiple oil and gas holdings in New Mexico and…
Oil prices surged above $75 a barrel on Friday, but sluggish global economic activity and gasoline demand threatened a fourth…
Exxon Mobil (XOM.N) has committed to developing more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc. (TTI.N), its…
After a larger-than-expected drop in U.S. crude and gasoline stocks, oil prices rose on Wednesday. Brent crude prices jumped 32…
Oil was marginally higher on Monday after an aborted weekend rebellion by Russian mercenaries increased concerns about petroleum supply, while…
UAE bourses rise despite poor soil, rate-hike bets. Investors appeared to shrug off a drop in oil prices on Friday…
Oil prices fall as banks slash, China growth estimates. Last week’s gains were erased on Monday as concerns over China’s…
Oil falls as China’s economy falters in May. In May, China’s industrial output and retail sales growth missed predictions, confirming…
Oil prices fell on Wednesday as industry data indicated an unexpected growth in U.S. oil stocks, signaling poor demand to…
Bargain hunting lifted oil prices on Tuesday, but investors remained cautious ahead of crucial Fed and central bank policy meetings.…
Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors assessed the central bank’s appetite for…
Several OPEC+ sources told Reuters that Saudi Arabia kept its proposal to deep cut its oil output a secret during…
Oil prices fall for the second week as China’s recovery disappoints. On Friday, oil prices fell due to fears about…
Oil falls as the global economy outweighs Saudi output decrease. Oil prices fell early on Tuesday as global economic fears…
After Washington passed a debt ceiling bill, oil prices jumped on Friday as markets considered OPEC+ production cutbacks over the…
On Thursday, a possible slowdown in U.S. interest rate hikes and the debt ceiling bill gaining a crucial vote boosted…
Oil dipped on Tuesday as concerns about the U.S. debt ceiling pact dampened the risk-on attitude, and inconsistent statements from…
Oil surges after US leaders reach a temporary debt deal. After U.S. officials negotiated a tentative debt ceiling compromise on…
Oil prices were unchanged on Friday amid conflicting supply messages from Russia and Saudi Arabia ahead of the next OPEC+…
Oil prices fell Wednesday after U.S. stocks and fuel supply tightened, and the Saudi energy minister warned speculators of more…
Oil rises on tighter supplies and increasing gasoline demand. On Tuesday, investors expected a tighter market due to seasonal gasoline…
Abu Dhabi National Oil Co. announced a broader maritime and logistics IPO on Monday. Reuters forecasts that ADNOC will offer…
Oil prices were stable on Monday as U.S. debt ceiling negotiations dampened confidence about demand later in the year and…
After weaker-than-expected economic data from the world’s two major oil customers, the United States and China, oil prices fell again…
As U.S. and Chinese economic worries resurfaced, oil prices fell for a fourth week on Friday. By 0635 GMT, Brent…
Crude prices dipped on Wednesday, halting a three-day gain, as an unexpected surge in U.S. crude stocks raised demand worries,…
Oil prices dipped on Tuesday as the market remained cautious ahead of April U.S. inflation numbers, which will influence the…
U.S. rate hike forecasts and China PMI drop oil prices. Oil prices dipped on Monday due to concerns about rising…
Refining earnings offset a drop in energy prices and oil and gas output to boost first-quarter profit for oil major…
China’s demand and rate rises to keep oil prices constant. Investors balanced robust holiday travel in China, which might raise…
Rate rises, and global economic uncertainties lower oil prices. Oil prices dipped on Monday as worries about increasing interest rates,…
Tightening supply lifts oil; IEA demand outlook expected. Oil prices increased on Friday as the market awaited the International Energy…
A securities report on Wednesday showed that Chevron Corp (CVX.N) CEO Michael Wirth was paid $23.6 million in 2022, up…
China’s potential economic boost, strong Asian demand, and falling U.S. crude stocks lifted oil prices on Tuesday. Brent crude prices…
Oil prices remained flat on Monday as investors evaluated the likelihood of tighter supply from OPEC+ producers in May against…
Since the EU banned Russian oil products, Singapore’s naphtha imports nearly quadrupled in the first quarter of 2023, official statistics…
Oil declined on Thursday as bad U.S. economic data fueled fears about a worldwide recession and demand contraction, although benchmark…
On Thursday, Shell (SHEL.L) said it expected stronger LNG output in the first quarter after disruptions at its Australian plants…
With OPEC+’s announcement to cut output on Monday, oil prices jumped on Tuesday as investors focused on demand and the…
Shell representatives canceled two Singapore biofuel and base oil projects on Thursday. In an email to Reuters, the company was…
Saudi Aramco (2222. SE) and its Chinese partners plan to begin full operations at a northeast China refinery and petrochemical…
Oil prices rose on Monday due to optimism about China’s demand, more production cuts by major suppliers, and Russian supply…
The Organization of Petroleum Exporting Countries’ reduction of crude output has made money managers optimistic about West Texas Intermediate oil…
