Oil prices recovered slightly on Wednesday after prolonged declines as signs of a supply squeeze grew due to production cuts that went …
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Energy | PetroleumNews
Oil continues its decline due to the negative impact of Chinese economic reforms that do not satisfy investors
by BUNKERISTby BUNKERISTOil prices fell for a second day on Tuesday as China’s pledge to transform its economy amid slowing growth failed to impress …
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Energy | PetroleumNews
Oil prices fell after OPEC+ decided to extend voluntary oil production cuts until the second quarter
by BUNKERISTby BUNKERISTOPEC+ announced on Sunday that the voluntary production cut of 2.2 million barrels per day planned for the first quarter of this …
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Oil prices rose 2% on Friday, posting weekly gains as it awaits OPEC+’s decision on supply deals for the second quarter and …
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Energy | PetroleumNews
Oil prices rise on Friday while markets await OPEC+ decision amid differing demand indicators
by BUNKERISTby BUNKERISTMarkets are set to close the week with a moderate rise as they await OPEC+’s decision on supply agreements for the second …
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Energy | PetroleumNews
Oil prices continue to decline on low demand and high interest rate concerns in the US
by BUNKERISTby BUNKERISTOil prices continued declining on Thursday, weighed down by concerns about slowed demand due to a larger-than-expected rise in U.S. crude oil …
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Energy | PetroleumNews
Oil, expectation of delay in US interest rate cut and increase in oil stocks outweigh OPEC+ supply news
by BUNKERISTby BUNKERISTOil prices retreated in Asian trade on Wednesday as expectations for a delay in the Federal Reserve’s rate-cutting cycle and a rise …
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Energy | PetroleumNews
Oil prices cling to gains as supply concerns in the Red Sea increased
by BUNKERISTby BUNKERISTOil prices on Tuesday maintained gains from the day before as attacks on shipping in the Red Sea raised supply concerns. Brent …
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Energy | PetroleumNews
Oil extends losses as dollar strengthens on US interest rate concerns
by BUNKERISTby BUNKERISTOil prices fell on Monday, extending losses from the previous session after the dollar rose on market concerns that higher-than-expected inflation could …
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Energy | PetroleumNews
Oil fell weekly after it was stated that interest rate cuts in the USA may be postponed
by BUNKERISTby BUNKERISTOil prices fell nearly 3 percent on Friday, posting a weekly decline after the U.S. central bank policymaker said interest rate cuts …