Oil tumbled on Wednesday as concerns over slowing demand from China, its biggest crude importer, escalated after declining trade and inflation data …
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News
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Energy | PetroleumNews
Oil prices fall as China’s weak growth signs offset supply concerns
by BUNKERISTby BUNKERISTOil prices slumped on Tuesday after China’s imports and exports fell much more than expected in July and the world’s largest oil …
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Energy | PetroleumNews
Oil hovers near highest levels since mid-April amid supply cuts
by BUNKERISTby BUNKERISTOil prices slumped on Monday, but remained near their highest levels since mid-April after major producers Saudi Arabia and Russia pledged to …
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Energy | PetroleumNews
Oil rises after Saudi Arabia and Russia extend supply cuts until September
by BUNKERISTby BUNKERISTOil rose more than a dollar a barrel on Friday after top producers Saudi Arabia and Russia extended supply cuts until September, …
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Energy | PetroleumNews
Saudi Arabia and Russia pledge to cut production ahead of OPEC+ meeting
by BUNKERISTby BUNKERISTOPEC+ is unlikely to change its overall oil production policy. Oil prices rose for a second day on Friday and are poised …
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Energy | PetroleumNews
Oil prices remain calm as supply concerns are offset by a downgrade of the US government’s credit rating
by BUNKERISTby BUNKERISTRating agency Fitch downgraded the main credit rating of the United States, the world’s largest oil consumer, reflecting a high and rising …
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Energy | PetroleumNews
Oil prices soared on crude oil and fuel products inventory data showing strong US demand
by BUNKERISTby BUNKERISTOil is trading at its highest level since April, up almost 1% on Wednesday as inventory data for crude oil and fuel …
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Energy | PetroleumNews
Oil clings near three-month high on strong demand and signs of tightening global supply
by BUNKERISTby BUNKERISTOil prices were little changed on Tuesday, trading near a three-month high reached on Monday, with signs of global supply tightening as …
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Energy | PetroleumNews
Oil on track for biggest monthly gain in more than a year on expectations of tightening global supplies
by BUNKERISTby BUNKERISTOil prices fell slightly at the Asian market on Monday, but remain near three-month highs on track to record their biggest monthly …
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Energy | PetroleumNews
Oil records the fifth consecutive week of gains on expectations of tighter supply
by BUNKERISTby BUNKERISTOil prices rose on Friday, gaining for the fifth week in a row as investors are optimistic that healthy demand growth and …
