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Oil down over lagging EU ban on Russian oil exports
- Demand concerns in China, as country tightens its zero-COVID policy are putting downward pressure on prices
Oil prices battle supply concerns, recession fears in week ending May 13
- Oil starts week low as China fights COVID-19 leading to lower demand but ends higher as EU focuses on finalizing proposed ban on Russian crude
OPEC revises down oil demand forecast for 2022
- Downward demand growth revisions take account of economic forecasts and other developments that could impact oil requirements, OPEC says
Oil up over supply uncertainties due to EU ban on Russian oil
- Limiting further upticks, US crude oil inventories are estimated to rise, signaling weak demand in world’s top consuming country
Oil prices fall with demand fears in China, strong dollar
- Stalled sanctions from objections of EU members who seek exemptions to ban on Russian oil exports limits upward price movement
Oil settles lower on blurry supply outlook ahead of plan to ban Russian oil
-China's pandemic restrictions, Saudi Arabia's decision to sell oil prices lower for Asian and European clients contribute to demand woes
OPEC+ to maintain same production plan for June
- Next meeting of OPEC and non-OPEC members scheduled for June 2
Oil prices regain losses after Germany gives support to Russia oil ban
- European Commission expected to propose new package of EU sanctions this week
Oil gains around 4% during week ending April 29 over supply fears
-Ongoing Russia-Ukraine war and related sanctions on Russia continue fueling higher prices while COVID-19 measures in China limit further increases
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Oil up as Germany considers greenlighting sanctions on Russian fossil fuels
- Among top importer of Russian fossil fuels, Germany has been in opposition to ban on Russian oil and gas
Oil up over escalating supply woes as Russia halts gas to Poland, Bulgaria
- US crude oil inventories are expected to rise by over 4.78 million barrels, limiting further price increases
Oil up despite low China demand over COVID-19 lockdowns
-Russia-Ukraine war, however, continues to put upward pressure on prices, raising supply fears
Oil prices rise more 7% over fears of EU ban on Russian oil in week ending April 15
- EU is considering gradual ban on Russian fossil fuels, according to international media
Oil down over massive build in US crude stocks, demand fears in China
- Inventories with rise of 9.4 million barrels last week encourages investors to capitalize on high price gains
Oil volatile with stalemate in Russia-Ukraine talks, rise in demand risks
- Conflict in Ukraine, OPEC+ output decisions, rate at which US oil and natural gas producers increase drilling are main drivers of price uncertainties in 2022
Biden to unveil homegrown biofuels to mitigate oil price hike
- US Department of Agriculture to provide up to $700M funding through new biofuel producer program
13.04.2022
Americas
Global oil output rises by 370,000 barrels per day in March
- OPEC crude oil output averages 28.56 million barrels per day in March, marking an rise of about 57,000 barrels per day month on month
Oil up as China eases pandemic restrictions, OPEC warns of supply risks
- OPEC warns EU that sanctions on Russia could create severe oil supply shocks, the supply gap from which would be impossible to replace
Oil slips over 4% on China COVID outbreak and plans for oil reserve releases
- Proposal of EU embargo on Russian oil and gas limits further declines
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Oil down with weakening demand in China and release of emergency reserves
- Investors await supply and demand data from OPEC on Tuesday and International Energy Agency on Wednesday
Oil up as Russia-Ukraine crisis outweighs emergency oil releases
- Int. Energy Agency’s intervention to decrease prices by tapping emergency oil reserves will fail to change fundamentals in oil market, experts believe
Oil up over supply fears from unfolding Russia sanctions
- Estimated build in US crude stocks limits further increases
Oil up over rising possibility of further sanctions on Russia
- After EU accuses Russia of war crimes in Ukraine, several European countries begin to expel Russian diplomats
Oil prices record massive losses in week ending April 1
- Prices fluctuated in broad range, with Brent recording almost 15% decline and WTI 13.3% loss between their lowest and highest levels
Oil slightly down as investors weigh impact of huge US emergency oil release
-Member countries of International Energy Agency are expected to meet later on Friday to discuss further release of crude oil from emergency stocks
OPEC ends reliance on International Energy Agency data
- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect
OPEC+ confirms to continue previously-agreed output plan
- Next meeting of OPEC and non-OPEC members is scheduled for May 5
Oil down as US due to announce massive oil release from emergency stocks
- Country is currently holding 568.3 million barrels of crude oil in its reserves