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Oil prices fall ahead of OPEC supply meeting
- Possible supply disruption in Russia, the US, Ecuador and Libya are expected to tame fall in oil prices
Oil prices retreat with fears of global economic slowdown
- G7 countries agree to explore price cap on Russian oil to curtail Moscow's revenues
Oil prices increase with new G7 sanctions on Russia
- France wants increased global oil output and return of oil from Iran and Venezuela
Oil prices rise with possible price cap on Russian oil
- G7 countries discussing price cap on Russian oil to tackle high energy costs, inflation and lowering dependence on Russia
Oil prices fluctuate during w/e June 24, amid supply and demand uncertainty
- Fears of global recession dampen upward trajectory
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
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
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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
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
Oil prices increase over tight global supply
- Tight global supply against an increase in fuel demand push prices higher
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
Fitch raises oil forecast to reflect supply disruptions, rising demand
- Brent oil price forecast for 2022 is revised up to average $105 a barrel from $100 a barrel
Oil prices up over tight supply worries
- Production loss in Libya, stalled Iran nuke deal put upward pressure on prices
Oil prices drop as China's Covid-19 measures cue lower demand
- Country insistent on implementing strict zero-Covid policy
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
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Oil prices retreat after hitting three month highs
- New lockdown measures in parts of Shanghai push prices down
US energy agency revises oil price forecast up for 2022
- International benchmark Brent crude now estimated to average $107.37 per barrel in 2022 and $97.24 per barrel in 2023
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
Oil jumps as Saudi price hike decision fuels supply concerns
-Rebounding demand in Asia after removal of COVID restrictions and start of driving season in US come amid tight supply concerns
Oil prices fluctuate on week ending June 3 with scarce global supply fears
- Oil prices influenced by EU's partial ban on Russian crude oil, China ending lockdown in Shanghai and OPEC+ increasing oil output for July
Brent price could reach $150 per barrel on Russia-Ukraine war, oil import embargo
- Oil prices to stay high as long as war continues, experts say
Oil prices rise as fear of tight global supply grows
- Energy and oil ministers of OPEC and 10 non-OPEC oil producing countries led by Russia to meet on Thursday
Oil prices rise as EU agrees to ban Russian crude oil
- EU to cut 90% of oil imports from Russia by end of 2022
Oil prices rise ahead of EU meeting to discuss Russia sanctions
- Depreciation in US dollar against other currencies increases purchasing power of oil thus increasing pricesNATURAL GAS MARKET (TL/1000Sm³)
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