Oil prices rose on Wednesday on expectations of strong global demand, including from the United States, the world’s largest consumer. Even sticky …
Energy | Petroleum
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Energy | PetroleumNews
Oil rose on concerns that tensions in the Middle East would cause a contraction in the market
by BUNKERISTby BUNKERISTOil prices rose in Tuesday’s trading as geopolitical tensions in the Middle East continued to fuel concerns, but gains were limited as …
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Energy | PetroleumNews
Oil prices fall on concerns that demand in China will slow
by BUNKERISTby BUNKERISTOil prices extended last week’s losses on Monday on concerns that demand in China will slow, but geopolitical risks surrounding the Middle …
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Energy | PetroleumNews
Oil falls for a weekly loss as markets remain wary of weak Chinese demand
by BUNKERISTby BUNKERISTOil prices fell further throughout the week, closing 1% lower on Friday, as markets remained wary of weak Chinese demand despite producer …
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Energy | PetroleumNews
Oil prices rise as major consumers’ demand increases
by BUNKERISTby BUNKERISTOil prices are rising on Friday due to rising demand from the world’s biggest consumers, the United States and China, and the …
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Energy | PetroleumNews
Oil holds overnight gains on upbeat China trade data, smaller-than-expected rise in US crude inventories
by BUNKERISTby BUNKERISTOil prices were flat on Thursday, holding on to overnight gains after positive trade data in China and U.S. data showed a …
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Energy | PetroleumNews
OPEC+ production cuts overshadow China and US demand growth concerns
by BUNKERISTby BUNKERISTOil 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 …