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Oil prices steady amid prospect of increase in Chinese demand in week ending May 20
- Oil edges higher as EU focuses on finalizing proposed ban on Russian crude
Brent oil prices slightly up on hopes of higher demand due to peak season
- Currently declining cases in Shanghai prompted hopes for better oil demand in China
Brent oil prices up on hope of stronger Chinese demand
- Declining Omicron cases in Shanghai boosts hopes for rising oil demand
Oil prices up as improving COVID situation in China boosts demand hopes
- Prices see more support as American Petroleum Institute predicts drop in US crude oil stockpiles
Brent oil prices rise despite surging dollar value
- Unusual upward movement of Brent and US dollar in tandem as investors see latter as safer investment, says Energy Info. Admin.
Oil down as EU fails to agree on banning Russian oil exports
- Weak Chinese economic data also exerts downward pressure on prices
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
Supply fears from pending EU crude ban push oil prices higher
- Drop in global oil supply fuels concerns of scarce production, driving prices higher
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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
Global oil supply down in April with Russian supplies shut-in
- Demand to reach around 99.4 million barrels per day in 2022, marking year-on-year rise of 1.8 million barrels per day
Oil prices fall as global inflation rates solicit concern
- Ongoing Covid-19 lockdowns in China, world's top crude importer, continue to weigh on oil prices as demand for fuel drops
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
Oil gains around 6% during week ending May 6 on supply fears
- European Commission proposal to ban Russian oil, reluctance of OPEC+ producers to add stock to market supports prices
Oil up over sustained supply worries due to EU proposal to cut Russian oil
- OPEC+'s decision to maintain same production plan for June also supports prices
Oil prices up over proposed ban on Russian gas supplies
- Investors are monitoring OPEC+ group meeting scheduled later Thursday
Oil prices push $110 after EU proposes Russian oil ban
- Ban on crude oil to enter into force six months after adoption, and prohibit refined oil products by end of the year
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Oil prices rise on larger than expected drop in US oil stocks
- European Commission expected to announce details of EU's sanction plans against Russia later today
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 prices drop amid data showing weak growth in China
- Low fuel demand in China and additional supply from Libya offset global supply concerns and relieved pressure on oil prices
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
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 drops as China fuel demand falls on looming COVID-19 lockdown concerns
- Possibility of rapid COVID-19 spread in Beijing could require a Shanghai-like closure
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 down over continuing COVID-19 lockdown, potential US interest rate hike
- Prolonged COVID-19 closure measures in Shanghai interrupt logistics management and supply chains