Post Tagged with: "oil slips"

Source: CNBC

Oil slips on China demand worries, while EU weighs Russia oil ban

CNBC


Oil slipped Tuesday as concerns about the demand outlook due to prolonged Covid lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine.

Beijing, reporting dozens of new cases daily, is …

The sun sets behind the chimneys of the Total Grandpuits oil refinery, southeast of Paris, France, March 1, 2021.  REUTERS/Christian Hartmann

Oil slips as Kazakh supply concerns ease

CNBC


Oil prices slipped on Friday, with some supply concerns easing on expectations that crude exports would resume from Kazakhstan’s CPC terminal, while the European Union remained split on whether to impose an oil embargo on Russia.

Brent fell $1.28 …

Source: Reuters

Oil slips from seven-year high ahead of more U.S.-Iran talks

Reuters


LONDON- Oil slipped to around $91 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which could revive an international nuclear agreement and allow more oil exports from the OPEC producer.…

Source: Reuters

Oil slips from highest level in a month as U.S. stockpiles surge

Oil Now


Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand.

The global benchmark Brent crude futures fell 63 cents, or 0.8%, to $80.17 a …

Source: Reuters

Oil slips further on Europe demand concerns

Reuters


LONDON – Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude inventories fell unexpectedly last week.

Several European countries have paused the use of AstraZeneca’s …

Source: Reuters

Oil slips, set for 20% annual drop in tumultuous 2020

Reuters


NEW YORK  -Global crude prices slipped on Thursday and lost more than a fifth of their value in volatile trade in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and slammed fuel demand.

Still, Brent and …

Source: CNBC

Oil slips as producer cuts fail to banish demand fears

CNBC


Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

Brent futures fell 52 cents, …

Source: Reuters

Oil slips below $62 as trade talks drag on

Reuters


LONDON – Oil fell for a second day on Tuesday, dropping below $62 a barrel on limited progress toward resolving the U.S.-China trade dispute, higher than expected Norwegian oil output and forecasts of rising U.S. crude inventories.

A Chinese …