Oil fell slightly on Wednesday after falling sharply in the previous session amid concerns about weak demand stemming from the state of …
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Energy | PetroleumNews
Oil slumps on concerns over Chinese economic data and IMF’s slow growth prospects
by BUNKERISTby BUNKERISTOil slid from a one-month high on Tuesday after Chinese economic data dampened market sentiment and the International Monetary Fund (IMF) chief …
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Energy | PetroleumNews
Economic weakness will affect oil prices in 2023, China primary focus in early 2023
by BUNKERISTby BUNKERISTOil prices are likely to show small increases in 2023 as the pessimism of the global economic backdrop and rising COVID-19 flare-ups …
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Energy | PetroleumNews
Oil ends a year of wild price fluctuations with 2nd consecutive year gain
by BUNKERISTby BUNKERISTOil prices fluctuated wildly in 2022. The year was marked by concerns over the Ukraine-Russian war supply and Chinese demand decline. It …
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Energy | PetroleumNews
Oil is on track to record second-year gains, albeit modest, in a stormy year
by BUNKERISTby BUNKERISTOil prices rose on Friday and are on track to post modest, second-year gains in a tumultuous year marked by tighter supplies …
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Energy | PetroleumNews
Oil slumps as rising COVID-19 cases in China dampen hopes for demand recovery
by BUNKERISTby BUNKERISTOil prices fell on Thursday as rising COVID-19 cases in China dampened hopes of a recovery in fuel demand for the world’s …
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Energy | PetroleumNews
Oil rises on burgeoning demand optimism as China eases COVID-19 restrictions
by BUNKERISTby BUNKERISTOil prices rose on Wednesday in hopes of a recovery in fuel demand as China continues to ease COVID-19 restrictions, but gains …
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Energy | PetroleumNews
Oil prices climb as COVID-19 restrictions ease in China and snowstorm in the US
by BUNKERISTby BUNKERISTOil prices rose to a three-week high on Tuesday as China’s loosening of COVID-19 restrictions boosted fuel demand hopes and concerns that …
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Energy | PetroleumNews
Winter Storm Elliott threatened nearly two-thirds of the U.S. with below-freezing temperatures along with snow
by BUNKERISTby BUNKERISTFreezing cold and blowing winds on Friday cut off electricity and power production in the United States, raising heating and electricity prices …
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Energy | PetroleumNews
Oil rises $3 per barrel after Russia signaled production cuts
by BUNKERISTby BUNKERISTOil rose for the second week in a row, up nearly $3 a barrel on Friday after Moscow said it might cut …
