WTI jumps as much as $3 in early trade, Brent gains over $2 Saudi Arabia to cut output on top of OPEC+ extensions OPEC+ meet, Saudi cut could boost oil…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA, June 2 (Reuters) - OPEC and its allies are unlikely to decide on further oil supply cuts at a meeting…
By Andrew Hayley BEIJING, June 2 (Reuters) - Oil prices rose on Friday amid bullish sentiment following the passage of a U.S. debt ceiling bill in Washington, while markets weighed…
By Arathy Somasekhar and Andrew Hayley BEIJING, June 1 (Reuters) - Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the…
China May PMI contracts more than expected US debt ceiling bill comes up for vote on Wednesday Saudi Arabia may cut July crude price - Reuters poll By Stephanie Kelly…
By Florence Tan SINGAPORE, May 29 (Reuters) - Oil prices rose on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest…
By Arathy Somasekhar and Trixie Yap May 26 (Reuters) - Oil prices softened in early trade on Friday, weighed on by conflicting messages from Russia and Saudi Arabia ahead of…
By Stephanie Kelly and Emily Chow May 24 (Reuters) - Oil prices gained over $1 on Wednesday after U.S. inventories and fuel supplies tightened and as a warning from the…
By Florence Tan SINGAPORE, May 22 (Reuters) - Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support…
By Jeslyn Lerh SINGAPORE, May 19 (Reuters) - Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading…
HOUSTON/SANTIAGO, (Reuters) - Two cargoes of diesel sailing from Russia to South America have switched their destination to Brazil from Chile, according to Refinitiv Eikon's vessel monitoring data. Russia has…
Biden, McCarthy push forward towards deal on US debt ceiling U.S. rate hike prospect weighs on oil prices By Stephanie Kelly and Sudarshan Varadhan May 18 (Reuters) - Oil prices…
U.S. crude stockpiles rise 3.6 mln bbl - API U.S. EIA inventory data due at 1430 GMT Reuters poll forecast 900,000 bbl U.S. crude drawdown By Katya Golubkova and Sudarshan…
By Yuka Obayashi and Andrew Hayley BEIJING, May 12 (Reuters) - Oil pricesfell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and…
By Jeslyn Lerh SINGAPORE, May 11 (Reuters) - Oil prices bounced back on Thursday after dropping by more than a dollar a barrel the previous day, supported by stronger fuel…
U.S. consumer price index figures for April due Wednesday Cooler temperatures offer some reprieve for Alberta wildfires POLL-US crude inventories seen down for fourth straight week Coming up: EIA data…
By Sudarshan Varadhan SINGAPORE, May 8 (Reuters) - Oil prices rose slightly in early Asian trade on Monday as fears of a recession in the U.S., which drove prices down…
By Arathy Somasekhar and Andrew Hayley May 5 (Reuters) - Oil prices rose in Asian trade on Friday, but were poised for a third straight week of losses after markets…
Oil prices fall over 9% so far this week Fed raises rates, opens door to pause in tightening cycle ECB set to raise interest rates for 7th time in inflation…
By Katya Golubkova TOKYO, May 1 (Reuters) - Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth…
By Arathy Somasekhar and Alex Lawler HOUSTON/LONDON (Reuters) - Oil-index publisher Platts, part of S&P Global Commodity Insights, will add U.S. WTI Midland crude oil transactions into the Platts dated…
By Arathy Somasekhar and Alex Lawler HOUSTON/LONDON (Reuters) - Texas crude is set to assume a key role in the world's most important benchmark - Brent - as oil-index publisher…
Oil prices settled nearly 4% lower on Wednesday March orders for U.S. capital goods declined sharply Exports of Russian crude from western ports set for 4-yr high By Sudarshan Varadhan…
By Laura Sanicola and Muyu Xu April 26 (Reuters) - Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling U.S. crude oil…
NEW DELHI, April 24 (Reuters) - Russia has emerged as a top oil supplier to India on annual basis for the first time in 2022/23, relegating Iraq to the no.…
By Florence Tan and Mohi Narayan April 24 (Reuters) - Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook…
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW (Reuters) - Turkey remains the top destination for Russian diesel exports after…
By Andrew Hayley BEIJING, April 21 (Reuters) - Russia maintained its position as China's top oil supplier in March, Chinese government data showed on Friday, as buyers snapped up sanctioned…
By Yuka Obayashi and Jeslyn Lerh SINGAPORE, April 21 (Reuters) - Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as…
By Andrew Hayley BEIJING, April 20 (Reuters) - Oil prices fell in Asian morning trade on Thursday as the U.S. dollar strengthened on rate-hike expectations and after recent economic data…
By Laila Kearney and Muyu Xu April 19 (Reuters) - Oil drifted lower on Wednesday as the market weighed potential interest rate hikes from the Federal Reserve that could slow…
The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by…
By Florence Tan and Emily Chow SINGAPORE, April 17 (Reuters) - Oil prices edged up slightly on Monday, supported by OPEC+'s plans to cut more output, while investors eyed Chinese…
By Yuka Obayashi and Jeslyn Lerh SINGAPORE, April 13 (Reuters) - Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible…
By Muyu Xu April 12 (Reuters) - Oil prices were mostly steady on Wednesday as the market waited for U.S. inflation data later in the day that will likely influence…
By Mohi Narayan and Jonathan Saul NEW DELHI/LONDON (Reuters) - Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and…
By Florence Tan SINGAPORE, April 10 (Reuters) - Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns…
By Katya Golubkova and Muyu Xu TOKYO/SINGAPORE, April 6 (Reuters) - Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction,…
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, April 5 (Reuters) - Russia has started to make ship-to-ship (STS) transfers…
By Sudarshan Varadhan April 5 (Reuters) - Oil prices rose on Wednesday, boosted by expectations of U.S. crude inventory declines as well as the latest output cut targets set by…
FRANKFURT, April 3 (Reuters) - An oil production target cut announced by some of the world's top exporters is bad news for the European Central Bank as it tries to…
April 3 (Reuters) - Brent oil prices could still end the year at $96 per barrel, J.P. Morgan analysts said, adding they view the surprise OPEC supply target cuts as…
By Muyu Xu and Joyce Lee SINGAPORE/SEOUL, April 3 (Reuters) - Middle East crude oil supplies are set to tighten further from May after OPEC+ announced plans to cut output…
OPEC+ cuts output by about 1.16 million bpdOil posts biggest daily rise in nearly a year Producer group acted after oil hit $70 a barrelGoldman Sachs raises Brent price forecast…
By Sudarshan Varadhan BEIJING, March 31 (Reuters) - Oil prices were very slightly downin Asian morning trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply…
By Jeslyn Lerh SINGAPORE, March 30 (Reuters) - Oil prices fell on Thursday as the dollar strengthened, with investors keeping close tabs on developments related to the reduction of Iraqi…
By Mohi Narayan and Florence Tan March 27 (Reuters) - Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian…
The Libya Observer reports that the United States Geological Survey (USGS) has announced the discovery of two large oil and gas basins spanning vast areas stretching between Libya and Tunisia.…
By Yuka Obayashi and Trixie Sher Li Yap March 24 (Reuters) - Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm…
By Stephanie Kelly and Jeslyn Lerh SINGAPORE, March 23 (Reuters) - Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector…
By Noah Browning LONDON, March 20 (Reuters) - Oil prices fell on Monday to their lowest in 15 months on concern that risks in the global banking sector and a…
By Florence Tan and Trixie Sher Li Yap SINGAPORE, March 17 (Reuters) - Oil prices rebounded by about 1% on Friday after a meeting between Saudi Arabia and Russia calmed…
By Laura Sanicola and Muyu Xu March 16 - Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat…
By Yuka Obayashi and Florence Tan TOKYO, March 15 (Reuters) - Oil prices rebounded more than 1% on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook…
BEIJING, March 13 (Reuters) - Oil prices ticked up in Monday Asian late morning trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided…
Brent, WTI down more than 5% this weekAll eyes on U.S. jobs report due on FridayU.S. rate hike fears dominate market moodBy Sudarshan Varadhan and Muyu XuMarch 10 (Reuters) -…
Brent, WTI steady after two days of losses China demand hopes offset US recession worries US crude stocks fall larger-than-expected - EIA By Emily Chow SINGAPORE, March 9 (Reuters) -…
Oil prices edged up after industry executives flagged concerns about limited spare capacity in the market and uncertainty over Russian supplies while demand from top crude importer China is recovering.…