home
>
related news
Oil prices fluctuate during w/e June 24, amid supply and demand uncertainty
- Fears of global recession dampen upward trajectory
Global oil prices to continue fluctuating amid multi-year highs: experts
- Recession & high inflation incite demand woes while Russia-Ukraine war, low supply and concerns over oil export resumption from Venezuela and Iran oil prompt supply fears
Oil up over persistent supply uncertainty
- Release of weaker-than-expected US preliminary manufacturing and service-sector sentiment data for June limits upward price movements
Oil prices drop as markets fear looming US recession
- Investors believe US rate hikes could stall economic recovery and negatively affect US fuel demand
Oil down over Biden’s fuel tax relief pledge
- Biden says gasoline tax can save Americans up to $0.184 per gallon
Russia becomes China’s largest oil supplier
- World's biggest crude oil importer country purchased about 8.42 million tonnes of crude oil in May, up 55% from May 2021
Oil up with persistent supply side risks
-Libya’s oil output falls to 100,000 barrels from average of 1.2 million barrels a day just last year, fueling supply concerns
Oil up as supply fears overshadow global recession woes
- Libya's crude oil production drops to less than 200,000 barrels per day amid ongoing shutdown of ports and facilities
Eni enters world's largest LNG project in Qatar
- QatarEnergy will hold 75% interest while Eni will hold remaining 25% interest
home
>
related news
US oil rig count up by 4 for week ending June 17
- Number of US oil rigs rise by 211 compared to one year ago
Oil prices tumble during week ending June 17
- Fading hopes on possible deal between Iran and US fan supply woes, limiting further losses
Oil down as multiple interest rate hikes raise demand woes
- Reports that US is placing new sanctions on Iran limited further losses
Russia to raise oil output to pre-war levels by next month: Novak
-Russian Deputy Prime Minister says his country can produce more than 10 million barrels per day as of July
US crude oil inventories up 0.5% for week ending June 10
- Commercial crude oil stocks rise by 2 million barrels, against market expectation of 1.2 million barrel draw
Oil prices increase over tight global supply
- Tight global supply against an increase in fuel demand push prices higher
EU's sanction on Russian oil boomerangs, boosts global prices to Moscow's benefit
- Russian oil would still be bought by other consumers, but at discounted prices, says experts
Global oil supply up in May with non-OPEC+ output increases
- World oil demand to reach 101.6 million barrels per day in 2023, surpassing pre-pandemic levels, says IEA
Oil up as Fed expected to press on historic interest rate decision
- Fanning demand worries, API estimates 736,000 barrel increase in US crude oil inventories last week from market expectation of 1.2M-barrel draw
OPEC keeps oil demand growth forecast stable for 2022
- Global oil supply in May decreased by around 150,000 bpd compared to previous month
home
>
related news
Russia becomes India’s second-largest oil supplier
- Iraq remained top supplier to India in May and Saudi Arabia is now third biggest supplier
Oil prices up over tight supply worries
- Production loss in Libya, stalled Iran nuke deal put upward pressure on prices
Oil prices hit 3 month highs during week ending June 10
- Prices increase with fears of global supply failing short of meeting demand
Oil down over demand woes as China goes under fresh lockdowns
-Despite strict COVID restrictions in China, country’s crude oil imports surged roughly 12% in May from a low base a year earlier, easing demand concerns
Oil prices retreat after hitting three month highs
- New lockdown measures in parts of Shanghai push prices down
US crude oil inventories up 0.5% for week ending June 3
- Commercial crude oil stocks rise by 2 million barrels, against market expectation of 1.8 million barrel draw
US sanctions have 'returned like boomerang,' affecting American, European economies: Venezuela's president
- US has always been caught up in its own aggression, Nicolas Maduro tells Anadolu Agency in exclusive interview
Oil up over bettering demand hopes in China, stalled Iran nuke talks
-Although World Bank slashes its annual growth forecast for China, easing COVID restrictions boosting hopes for higher demand
Oil up over rising demand in China versus tight supply fears
-Unfolding sanctions on Russian oil and gas exports are putting extra pressure on prices as supply is getting tighter