Oil

Oil prices little changed as US stockpile drop offsets global demand woes

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user,…

Read More Here

Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall

Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world's biggest crude importer, though an industry report showing…

Read More Here

Oil prices rise on fresh China stimulus, Middle East tensions

Oil prices rose on Tuesday on news of fresh monetary stimulus from top importer China, and concerns escalating tensions in the Middle East could hit supply from the key producing…

Read More Here

Oil prices rise slightly amid Middle East conflict and U.S. rate cuts

Oil prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest…

Read More Here

Oil prices set to end week higher after US rate cut

Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest…

Read More Here

Oil prices fall

Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. Brent crude futures for November fell 34 cents,…

Read More Here

Oil prices steady

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in…

Read More Here

Oil extends gains on US output concerns, expected drop in stockpiles

Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures for…

Read More Here

Oil prices inch up on Fed rate cut outlook

Oil prices edged up in early trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by weaker China data and persistent demand…

Read More Here

Oil extends recovery to cap volatile week

Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the…

Read More Here

Oil prices gain on US hurricane impact concerns

Oil prices rose during Asian trade on Thursday, spurred by concerns of Hurricane Francine impacting output in the U.S., the world's biggest crude producer, though worries of lower demand capped…

Read More Here

Oil prices rebound on fears of supply disruption from tropical storm

Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures climbed 39 cents, or 0.6%, to $69.58 a…

Read More Here

Oil prices dip as weak demand offsets supply disruptions from Gulf storm

Oil prices edged down on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm Francine and as global oil oversupply risks continued to weigh on the market. Brent…

Read More Here

Oil prices jump $1 on Gulf Coast storm, post selloff recovery

Oil futures jumped by a dollar in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected…

Read More Here

Libya oil exports still mostly shut, some ships loading from storage

Libyan oil exports remained largely halted, shipping data showed, but some tankers were being allowed to load crude from storage, with output still curtailed amid a political standoff over the…

Read More Here

Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay

Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed…

Read More Here

Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall

Oil prices edged up after plunging to multi-month lows previously as major producers may delay an output increase planned for next month and U.S. inventories fell, though the gains were…

Read More Here

Oil extends drop on easing Libyan dispute, demand concerns

Oil prices fell on Wednesday, extending a plunge of more than 4% the previous day, on expectations that a political dispute halting Libyan exports could be resolved and concerns over…

Read More Here

Oil prices fall as weak demand overshadows Libya blockade

Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities…

Read More Here

Around 700,000 bpd of Libya oil output offline in political standoff

More than half of Libya's oil production, or around 700,000 barrels per day, was offline on Thursday, as a standoff between rival political factions over the central bank and oil…

Read More Here

What’s behind Libya’s oil shutdown?

Libya's latest oil shutdown has pushed up global energy prices. This explains the situation. HOW DID WE GET HERE? Since the 2011 NATO-backed uprising that toppled Muammar Gaddafi and thrust…

Read More Here

Libya’s oil blockade widens as factions vie to control central bank

Libya's oil blockade widened with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil…

Read More Here

Oil edges up as Libyan supply woes offset lower-than-expected U.S. stock draw

Oil prices edged up on Thursday after two sessions of losses, as supply concerns over Libya returned to focus, although countered by a smaller-than-expected draw in U.S. crude inventories that…

Read More Here

Oil rebounds as geopolitics, demand concerns whipsaw investors

Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed between concerns about potential supply losses from Libya…

Read More Here

Oil prices pause after surging on Libyan outages, Middle East tensions

Oil prices paused their recent advances, receding in Asian trading on Tuesday after surging more than 7% in the previous three sessions on supply concerns prompted by fears of a…

Read More Here

Libya’s eastern-based government to close all oilfields

The Libyan eastern-based government said on Monday that all oilfields are closing down, halting production and exports, but the country's Tripoli-based National Oil Corp, which controls oil resources, has not…

Read More Here

Oil climbs on Mideast escalation fears, US rate cut expectations

Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while imminent U.S. interest…

Read More Here

Oil set to end week lower on demand concerns, easing supply woes

Oil prices were steady in early Asian trading on Friday, but were poised to end the week lower as downward revisions to U.S. employment data raised demand concerns and ceasefire…

Read More Here

Oil slips on higher US crude stocks, easing Middle East tensions

Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.…

Read More Here

Oil ticks down on easing geopolitical risks

Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about supply disruptions in the Middle East.…

Read More Here

Oil prices ease on China demand fears, focus on Mideast talks

Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of…

Read More Here

Oil prices set for weekly gains on renewed enthusiasm around US economy

Oil prices edged lower in early Asian trading on Friday, but the market's benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries…

Read More Here

Ship-to-ship loadings of Russian diesel pick up in northern Aegean

Traders are moving Russian diesel cargoes to a new ship-to-ship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels carrying fuel loaded in Russian ports, LSEG…

Read More Here

Oil strengthens as fall estimated in US crude inventories

Oil prices climbed on Wednesday on estimates about shrinking U.S. crude and gasoline inventories as the market watched for a possible widening of the Middle Eastern war, which could curtail…

Read More Here

Oil retreats as markets refocus on demand concerns

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in…

Read More Here

Oil set for 3% weekly gain on rising Mideast tension, better US outlook

Oil prices edged up in Asian trade on Friday, heading for a weekly gain of more than 3%, as U.S. jobs data calmed demand concerns and fears of a widening…

Read More Here

Oil prices tick up on sharp fall in US crude inventories

Oil prices edged higher on Thursday for the third straight session after government data showed a steep draw in U.S. crude stockpiles, rebounding from multi-month lows touched this week. Brent…

Read More Here

Oil edges lower on surprise build in US crude and gasoline stocks

Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in U.S. crude oil and gasoline…

Read More Here

Oil prices rebound 1% on concerns wider Mideast conflict may cut supply

Oil prices rebounded by more than 1% on Tuesday, paring previous session's losses, on supply concerns amid an escalating Middle East conflict, stronger U.S. services sector data and a cut…

Read More Here

Oil hovers at 8-month lows as U.S. recession fears offset Mideast tensions

Oil prices hovered at eight-month lows on Monday as fears of a recession in the United States, the world's top oil consumer, offset concerns that escalating tensions in the Middle…

Read More Here

Oil prices set for fourth weekly fall as demand concerns weigh

Oil prices rose on Friday but were set for a fourth successive weekly decline, as signs of disappointing global fuel demand growth outweighed fears of supply disruptions. Brent crude futures…

Read More Here

Oil rises on risk of broadening Middle East conflict

Oil prices rose during Asian trade on Thursday, extending gains from the previous session, after the killing of a Hamas leader in Iran raised the threat of a wider Middle…

Read More Here

Oil rebounds after killing of Hamas leader in Iran, but China caps gains

Oil futures rebounded more than $1 a barrel from 7-week lows on Wednesday after the killing of Hamas leader Ismail Haniyeh in Iran ratcheted up tensions in the Middle East,…

Read More Here

Oil slips on China demand concerns, fading Middle East worries

Oil prices fell on Tuesday, extending losses from the previous session, amid concerns about demand in China, the world's largest crude importer, while the market shrugged off the risk of…

Read More Here

Oil prices rise on fears of wider Middle East conflict after rocket strike in Golan Heights

- Oil prices rose on Monday, paring last week's loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which…

Read More Here

EU sanctions target Russian gas for the first time

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas. The package…

Read More Here

Oil falls further on worries of supply rising later in 2024

Oil prices eased in Asian trade on Tuesday, extending losses from the previous session when prices fell to their lowest in four months, as investors worried about supply ticking up…

Read More Here

Oil shipments at risk from rising sea levels

Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea and Japan, with many of the world's biggest terminals vulnerable…

Read More Here

IEA cuts forecast for growth in oil demand

The International Energy Agency (IEA) has cut its forecast for oil demand growth this year, due to weakening demand. The Paris-based energy watchdog has lowered its growth outlook for 2024…

Read More Here

Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices

Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas…

Read More Here

Petrol prices in Italy hit six-month high

The price of petrol in Italy has reached a six-month high, according to data released on Monday by the Quotidiano Energia publication.It said the average price of unleaded petrol at…

Read More Here

Oil benchmark Brent nears $86 on heightened supply concerns

Oil benchmark Brent hovered close to $86 a barrel on Monday as hostilities intensified between Russia and Ukraine and in the Middle East. Brent crude futures climbed 44 cents to…

Read More Here

Oil rises as heightened geopolitical risks exacerbate supply concerns

By Yuka Obayashi TOKYO, March 25 (Reuters) - Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the…

Read More Here

Europe, Africa oil markets weaken on refining maintenance, extra supply

By Alex Lawler, Ahmad Ghaddar and Robert Harvey LONDON, March 22 (Reuters) - Crude oil physical markets in Europe and Africa have weakened in response to peak refinery maintenance and…

Read More Here

Oil eases on possible Gaza ceasefire, dollar strength

US says talks in Qatar could reach Gaza ceasefire agreement US gasoline product supplied slips below 9 mln bbls-EIA By Florence Tan and Laila Kearney SINGAPORE, March 22 (Reuters) -…

Read More Here

Oil rebounds after surprise drop in US crude, gasoline stocks

By Emily Chow and Jeslyn Lerh SINGAPORE, March 21 (Reuters) - Oil prices rebounded on Thursday as U.S. crude and gasoline stock drawdowns lent support despite signs that the U.S.…

Read More Here

UPDATE 1-Oil retreats from multi-month highs, strong dollar dents demand

U.S. crude, gasoline stocks fell last week - API Reuters poll shows U.S. crude stocks expected to rise 10,000 bbls last week By Florence Tan SINGAPORE, March 20 (Reuters) -…

Read More Here