Oil prices extended losses on Friday, retreating from this week’s 10-month highs, as fears about China’s slowing economy and a strengthening U.S. …
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Energy | Petroleum
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Energy | PetroleumNews
Oil slumps as Chinese data and weakening demand pressure in winter offset gains from supply cuts
by BUNKERISTby BUNKERISTOil prices slumped on Thursday as the seasonal slowdown in the winter and the uncertain economic outlook for China outweighed expectations of …
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Energy | PetroleumNews
Oil rises after Saudi Arabia and Russia extend voluntary supply cuts until year-end
by BUNKERISTby BUNKERISTOil rose in Asian trade on Wednesday after rising more than 1% in the previous session amid market concerns over supply shortages …
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Energy | PetroleumNews
China’s economic woes are offsetting supply cuts, and oil prices are mixed
by BUNKERISTby BUNKERISTOil prices were mixed on Tuesday as data showing that the Chinese economy is still battling a post-pandemic recovery offset expectations of …
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Energy | PetroleumNews
Oil rises on expectations OPEC+ will keep supply tight and Fed won’t change rates
by BUNKERISTby BUNKERISTOil prices rose on Monday, supported by expectations that major producers will keep supplies tight and hopes the Fed won’t change rates …
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Energy | PetroleumNews
Oil rose to the highest level in the last 7 months due to the expectations that the supply will tighten
by BUNKERISTby BUNKERISTOil prices rose to the highest level in the last 7 months on Friday due to supply concerns and ended the two-week …
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Energy | PetroleumNews
Oil heads to end two-week losing streak as supply tightens
by BUNKERISTby BUNKERISTOil prices are set to end their two-week losing streak as they rise for the fourth consecutive session on Friday amid tighter …
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Energy | PetroleumNews
Oil slumps after data showing China’s manufacturing activity contracted for the fifth month in a row
by BUNKERISTby BUNKERISTOil slumped on Thursday after data showing that China’s manufacturing activity contracted for the fifth month in a row and as investors …
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Energy | PetroleumNews
Oil rises as data shows a huge drop in crude inventories and hurricane concerns
by BUNKERISTby BUNKERISTOil prices continued to rise on Wednesday as industry data in the United States, the world’s largest fuel consumer, showed a sharp …
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Energy | PetroleumNews
Oil stays flat as supply concerns offset demand concerns
by BUNKERISTby BUNKERISTOil prices were flat on Tuesday as concerns about possible US interest rate hikes could dampen demand, offset by concerns that a …
