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Oil falls over bearish China data, looming Iran deal
- Iran deal, if materialized, could bring extra barrels to region of 1.5 million barrels per day over six months, according to experts
Oil down as weaker-than-expected China data provokes demand woes
- Saudi Arabia's Aramco remains positive of demand growth for rest of decade despite downward economic pressures
Oil prices show weekly gains with supply side concerns
- Both benchmarks recover from last week’s six-month lows with average 2% increase
Oil prices steady weighing lingering demand concerns vs. high output
- Global oil supply in July increased to highest level since January 2020, according to IEA
OPEC revises down oil demand forecast for 2022
- Global oil supply in July increased by around 1.7 million barrels per day compared to previous month
Global oil supply hits post-pandemic high in July: Int. Energy Agency
- Surging oil use for power generation and gas-to-oil switching in Europe lifts oil demand growth trajectory for remainder of 2022 and into 2023
Oil volatile over weak US demand data, easing supply concerns
- US commercial crude oil inventories grow by 5.5 million barrels to 432 million barrels, against market expectation of rise of 73,000 barrels
US crude oil inventories up 1.3% for week ending Aug. 5
- Inventories increase by around 5.5 million to 432 million barrels against market expectation of 73,000-barrel rise
US energy agency revises up Brent oil price forecast for 2022
- International benchmark Brent crude now estimated to average $104.78 per barrel in 2022 and $95.13 per barrel in 2023
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Oil down over estimated US crude inventory rise
- Stockpiles rise to over 2.15 million barrels relative to market expectation of 73,000-barrel increase
Oil down over hopes of revival of 2015 Iran nuke deal
- Worries over global economic recession ease over positive data from China, world's largest crude oil importer
Oil rises with positive economic data from China, US to quell recession fears
- US unemployment rate falls to pre pandemic levels of 3.5% in July
US oil rig count down by 7 for week ending Aug. 5
- Number of US oil rigs rise by 211 compared to one year ago
Oil prices see weekly drop with low demand expectations
- Brent hit six-month lows in intraday trade on Thursday to $93.20
Oil prices recover after hitting six-month lows
- Economic data showing slowdown and recession expectations limits oil price rises
Oil prices show slight drop after rise in US crude inventory
- OPEC+ group agree to raise production by 100,000 barrels per day next month
US crude oil inventories up 1.1% for week ending July 29
- Inventories increased by around 4.5 million to 426.6 million barrels against market expectation of 467,000-barrel drop
Russian oil and gas revenues down in July
- Additional oil and natural gas revenues are 74.7 billion rubles lower than projections
Oil volatile on rising US stocks, supply uncertainty
-Rising value of US dollar, which makes dollar-indexed crude oil more expensive for traders, is limiting price upticks
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Oil extends losses from weak industrial data
- Investors await Wednesday’s meeting of major oil producers of OPEC+ group
Oil slips on negative economic data from China, Japan
- China’s PMI drops to lowest level since February 2020 as country implements strict “Zero Covid” policy
US oil rig count up by 6 for week ending July 29
- Number of US oil rigs rise by 220 compared to one year ago
Oil steady as investors eye OPEC+ meeting next week
- Global economic recession fears continue weighing on prices and heighten worries over weakening demand
Türkiye's energy import bill up 122.5% in June
- Country's crude oil imports increase by 11% compared to June 2021
US crude oil inventories down 1.1% for week ending July 22
- Inventories decrease by around 4.5 million to 422.1 million barrels against market expectation of 300,000-barrel rise
Oil prices increase with ease in demand concerns
- Large inventory draw signals recovery in crude demand in US, easing investor concerns over dwindling demand
Türkiye's oil imports up 13.2% in May 2022
- Crude oil imports jump 14.7% to 2.97 million tons, latest data shows
Oil prices increase as decline in US stocks ease demand concerns
-More-than-expected fall in US crude stocks help push prices up
Oil up with rising supply concerns amid ongoing Russia-Ukraine war
- Concerns over Russian supply cuts increase after Gazprom says it would drastically cut gas supplies to EU due to maintenance workNATURAL GAS MARKET (TL/1000Sm³)
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