Post Tagged with: "decline"

Source: World Oil

Venezuelan oil production to swiftly decline under renewed U.S. sanctions

World Oil


(Bloomberg) – Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation.

The Biden administration on Tuesday said sanctions relief to Venezuela’s oil …

Source: Reuters

Russian gas flows to Europe via Nord Stream 1 decline

Nasdaq


LONDON, March 18 – Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined on Friday in line with nominations, or requests for gas, while reverse flows on the Yamal-Europe pipeline eased and nominations for pipeline flows …

Oil Rises on European Stock Draw Despite Demand Slowdown Forecast

Oil Rises on European Stock Draw Despite Demand Slowdown Forecast

From Reuters


Oil prices rose more than $1 a barrel on Friday, supported by a drop in European inventories and OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.…

Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

From Reuters


Oil prices have continued to drift lower after plunging last week, highlighting the risk for traders trying to exploit mean-reversion strategies by buying futures contracts after a sharp fall in prices.

Front-month Brent futures prices tumbled by more …