Post Tagged with: "oil prices"

Source: Reuters

Oil prices inch higher as attacks on Russian energy facilities intensify

CNBC


Brent crude briefly topped $86 per barrel on Monday for the first time since November, before pulling back, as Ukraine stepped up its attacks on Russian energy infrastructure.

Brent crude oil futures for May delivery were up 51 cents …

OPEC+ production cut extension supports oil prices

OPEC+ production cut extension supports oil prices

Oil Price


OPEC+ on Sunday agreed to extend its production cuts for another quarter, but the reaction from oil markets was relatively muted as the agreement had already been priced in.

Early on Monday morning, Brent crude was trading at …

Oil prices gain near 2% on expectations of deeper OPEC+ cuts

Oil prices gain near 2% on expectations of deeper OPEC+ cuts

Yahoo Finance


BENGALURU – Oil prices rose more than $1 a barrel on Wednesday as investors focused their attention on expectations of fresh supply cuts from OPEC+ and looked past a jump in U.S. crude, gasoline and distillate stockpiles.

Brent …

Source: Oil Price

Analysts expect oil prices to remain close to $80 this year

Oil Price


Sufficient supply and uninterrupted oil trade flows despite the Middle Eastern conflicts are set to keep oil prices close to the $80 per barrel threshold this year, the monthly Reuters poll of analysts showed on Thursday.

For the …

Source: Reuters

Oil prices steady as US data keeps June rate cuts on the table

Yahoo Finance


LONDON -Oil prices were little changed Thursday as January U.S. inflation data reinforced expectations for a June cut to interest rates.

Brent crude futures for April were down 2 cents at $83.66 a barrel by 1355 GMT. The …

Source: Reuters

Woodside Energy expects a 50% increase in LNG demand by 2034

Oil Price


Woodside Energy expects demand for liquefied natural gas to increase by 50% over the next ten years driven by Asia, Bloomberg has reported, citing chief executive Meg O’Neill.

“We’re seeing signs of that demand growth in emerging …

Source: Reuters

Oil rises over 1% on weaker dollar; slowing demand outlook caps gains

Yahoo Finance


NEW YORK – Oil prices rebounded from earlier losses on Thursday on the back of a weak dollar, but an International Energy Agency (IEA) report flagging slowing demand growth this year and a larger-than-expected jump in U.S. crude …

Oil falls as US data spells later not sooner rate cuts

Oil falls as US data spells later not sooner rate cuts

Yahoo Finance


LONDON-Oil prices dipped about 2% on Friday after strong U.S. jobs data diminished the odds of interest rate cuts in the short term, setting up both benchmarks for a weekly loss given China’s faltering economy and persistent geopolitical …

Oil slips on China economic headwinds

Oil slips on China economic headwinds

Investing


LONDON – Oil prices edged lower on Tuesday, extending a more than 1% drop in the previous session on China’s economic outlook, though losses were kept in check by supply fears driven escalating tensions in the Middle East.

March …

Oil pumping Unit at sunset time

Oil prices fall as traders weigh demand concerns against risk premium

Investing


NEW YORK – Oil prices fell more than a dollar a barrel on Monday as China’s ailing property sector sparked demand worries, causing traders to reassess the supply risk premium from escalating tensions in the Middle East.

Brent crude

Source: Reuters

Oil prices rise as U.S. stocks decline and Red Sea tensions increase

Oil Price


Oil prices rose by more than 1% early on Thursday, buoyed by a larger-than-expected U.S. crude draw, Chinese stimulus, and continued attacks by the Houthis in and near the Red Sea.

As of 10:50 a.m. ET on Thursday, …

Oil prices little changed as fundamentals weigh on geopolitical risk premium

Oil prices little changed as fundamentals weigh on geopolitical risk premium

BOE Report


Oil prices were little changed in Asian trading on Wednesday as weak demand and a recovery in supply limited the market’s reaction to mounting geopolitical risk.

The front-month March contract for Brent crude inched up 5 cents to …

Oil prices edge up with signals mixed on crude supply outlook

Oil prices edge up with signals mixed on crude supply outlook

US News


NEW YORK – Oil prices inched up Tuesday, as traders weighed production outages in the U.S. and tensions in the Middle East and Europe against rising crude supply in Libya and Norway.

Brent crude futures were up 30

Source: CNBC

Oil prices rise on strong IEA and OPEC demand estimates

CNBC


Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in global oil demand this year, with price impetus also coming from disruption to U.S. output and geopolitical risks in the Middle …

Oil prices firm on Middle East crisis and Libya outage

Oil prices firm on Middle East crisis and Libya outage

Investing


LONDON – Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses.

Brent crude futures were up $1.07, or 1.41%, at $77.19 a barrel by 1515 GMT and …

Oil prices rise over $1 on Middle East tensions

Oil prices rise over $1 on Middle East tensions

Nasdaq


LONDON – Oil prices gained on Friday, as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening.

Brent crude futures LCOc1 were up 44 cents, or 0.57%, …

Source: Reuters

Oil prices gain 3% on supply concerns after oilfield shutdown in Libya

Yahoo Finance


NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies.

Brent futures rose $2.44, or 3.2%, to …

Oil prices to end year 10% lower as demand concerns snap winning streak

Oil prices to end year 10% lower as demand concerns snap winning streak

CNBC


Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices.

Brent crude futures were up …

December 29, 2023 - 9:30 am Uncategorized
Source: Reuters

Oil prices set for weekly gain as Red Sea tension persists

Nasdaq


LONDON (Reuters) – Oil prices rose slightly on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting …

Source: Reuters

Oil prices up 1% on bigger-than-expected US storage withdrawal

Yahoo Finance


NEW YORK – Oil prices edged up about 1% on Wednesday from a five-month low in the prior session on a much bigger-than-expected weekly withdrawal from U.S. crude storage. The U.S. Energy Information Administration (EIA) said energy firms …

Source: Reuters

Oil prices steady as demand concerns offset threatened supply cuts

Yahoo Finance


NEW YORK – Oil prices were little changed in volatile trade on Tuesday as a stronger U.S. dollar and demand concerns offset supply worries after Russia said OPEC+ was ready to deepen output cuts in the first quarter …

Source: Reuters

Oil prices stabilise after slump on underwhelming OPEC+ cuts

Investing


Oil prices were broadly steady on Friday following a 2% drop on Thursday, with the market unconvinced that the latest round of production cuts by the OPEC+ coalition will be able to lift prices out of their recent slump.…

Source: Reuters

Oil prices at 2-1/2 month lows as China data offset supply cuts

Investing


LONDON – Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down $1.45, or 1.7%, to $83.73 a barrel …

Source: CNBC

Oil prices fall amid flurry of weak European economic data

CNBC


Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from Germany, the euro zone and Britain that weighed on the outlook for energy demand. Brent crude futures were down $1.76, or …

Source: CNBC

Oil prices edge higher ahead of Biden Middle East trip

CNBC


Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with trying to prevent any regional escalation of its war with …

Source: Reuters

Oil prices eye worst weekly fall since March on demand fears

Investing


NEW YORK – Oil prices were on track on Friday to post their steepest losses in a week since March, after another partial lifting of Russia’s fuel export ban compounded demand fears due to macroeconomic headwinds.

On Friday, Brent

Source: Oil Price

OPEC Secretary General sees oil prices staying high

Oil Price


Rising global demand for energy and oil is set to keep crude oil prices elevated, OPEC’s Secretary General Haitham Al Ghais told the BBC in an interview published on Tuesday. Oil demand is expected to rise by around …

Source: Reuters

Oil prices set for another weekly gain despite falling back

Oil Price


Despite a sharp drop on Thursday, oil prices are set for another weekly gain as well as a monthly one driven by tight supply coupled with perhaps surprisingly resilient demand.

Bloomberg attributed the Thursday drop to technical resistance …

Source: CNBC

Oil prices rise as Russia fuel export ban stokes supply concerns

CNBC


Oil prices rose on Friday as renewed global supply concerns from Russia’s fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates. Brent futures were up 80 cents, or 0.86%, at $94.10 a barrel by …

Source: Reuters

Oil prices hit 10-month highs on mounting supply concerns

Investing


Oil prices jumped over 1% on Tuesday to 10-month highs, as weak U.S. shale output compounded supply concerns from extended production cuts by Saudi Arabia and Russia. Global benchmark Brent crude futures were up $1.13, or 1.2%, to $95.56 …