Post Tagged with: "fall"

Source: Reuters

Oil prices fall on recession worries, but supply cuts support


RIYADH – Neither side is backing down in a battle of wills over oil between Saudi Arabia’s Crown Prince and U.S. President Joe Biden, putting severe strain on their countries’ energy-for-security alliance, although a full rupture looks unlikely, Gulf …

Source: Reuters

Upstream mergers and acquisitions fall to $12 billion during ‘challenging quarter’

World Oil

Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q2 2022 upstream M&A. Overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both …

Source: Reuters

Oil prices fall as recession fears trump tight supply


Oil prices fell as much as 3% on Wednesday after the Federal Reserve imposed in its biggest U.S. rate since the 1990s, adding to fears that the central bank will push the world’s largest economy into a recession in …

Source: CNBC

Oil prices fall, weighed down by dollar, China lockdowns


Oil prices slipped on Monday alongside equities and was weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer.

Brent crude fell 2.3%, or $2.61, to

Source: Reuters

Oil falls to $84 before U.S. inventories and OPEC+ meeting


LONDON – Oil fell further below $85 a barrel on Tuesday, but it was still not far from a three-year high in choppy trade ahead of weekly U.S. supply reports expected to show a rise in crude inventories and …