Oil

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

Oil prices build on last week’s gains as supply risks rise

By Mohi Narayan and Colleen Howe NEW DELHI, March 18 (Reuters) - Oil prices ticked up in Asian trade on Monday, extending gains from last week when prices rose nearly…

Read More Here

Oil prices set to end week about 4% higher

By Arathy Somasekhar March 15 (Reuters) - Oil prices edged lower on Friday but were on track to gain nearly 4% for the week, boosted by the International Energy Agency…

Read More Here

14

Mar

IEA sees subdued oil demand growth as economic headwinds remain

By Noah Browning LONDON, March 14 (Reuters) - The International Energy Agency sees oil demand growth this year at 1.3 million barrels per day (bpd), down a full million bpd…

Read More Here

Oil prices underpinned by US inventory data, attacks on Russian refineries

March 14 (Reuters) - Oil prices edged up in Asia on Thursday, supported by strong demand in the U.S. after gasoline stocks hit a three month low and crude stockpiles…

Read More Here

Oil prices fall on China demand worries

By Yuka Obayashi and Mohi Narayan TOKYO/NEW DELHI, March 11 (Reuters) - Oil prices extended last week's losses on Monday on concern about slow demand in China, although lingering geopolitical…

Read More Here

Oil prices up as world’s top consumers boost demand

By Katya Golubkova and Emily Chow SINGAPORE, March 8 (Reuters) - Oil prices rose on Friday, driven by growing demand in the world's biggest consumers, the United States and China,…

Read More Here

Oil prices hold gains on upbeat China trade data

China Jan-Feb crude imports rise yoy - customs China Jan-Feb fuel oil products exports down yoy - customs U.S. crude stocks up 1.4 mln bbls last week - EIA Gasoline,…

Read More Here

Russia oil fleet shifts away from Liberia, Marshall Island flags amid US sanctions crackdown

By Jonathan Saul and Timothy Gardner This content was partly produced in Russia where the law restricts coverage of Russian military operations in Ukraine. LONDON/WASHINGTON, March 6 (Reuters) - Dozens…

Read More Here

Oil rebounds as OPEC+ output cuts override China, US demand concerns

By Laura Sanicola and Andrew Hayley March 6 (Reuters) - Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers…

Read More Here

Oil nudges higher after OPEC+ extends output cuts

OPEC+ extend 2.2 mln bpd voluntary oil output cuts to end Q2 Russia to cut oil output and exports by another 417,000 bpd Brent spreads widen after OPEC+ announcement By…

Read More Here

Oil rises, markets await OPEC+ decision despite mixed demand drivers

By Laura Sanicola and Trixie Yap March 1 (Reuters) - Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+…

Read More Here

Oil slips further on US demand, interest rate fears

U.S. crude stockpiles build for fifth straight week Elevated interest rates also weigh on prices Market eyes potential OPEC+ output cut extension By Yuka Obayashi and Jeslyn Lerh SINGAPORE, Feb…

Read More Here

Oil eases as Fed caution, stock build outweigh OPEC+ news

By Mohi Narayan NEW DELHI, Feb 28 (Reuters) - Oil prices pulled back in Asia on Wednesday as the prospect of a delay in the U.S. rate-cutting cycle and a…

Read More Here

Oil extends losses after dollar strengthens on interest rate outlook

By Florence Tan SINGAPORE, Feb 26 (Reuters) - Oil prices fell on Monday, extending losses from the previous session after the dollar rose amid market concerns that higher-than-expected inflation could…

Read More Here

Oil falls after US Fed governor says no rush to cut interest rates

SINGAPORE, Feb 23 (Reuters) - Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months. Brent crude futures…

Read More Here

Oil rises for second day on improving signs of US refinery demand

By Jeslyn Lerh and Colleen Howe SINGAPORE, Feb 22 (Reuters) - Oil prices rose for a second day on Thursday on expectations that demand in the U.S., the world's biggest…

Read More Here

Oil rises as investors weigh Red Sea attacks, US rate cut outlook

By Mohi Narayan NEW DELHI, Feb 21 (Reuters) - Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and…

Read More Here

Oil falls as sticky US inflation heightens demand concerns

By Katya Golubkova and Emily Chow SINGAPORE, Feb 19 (Reuters) - Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the…

Read More Here

Oil flat as weaker IEA outlook weighs on U.S. rate cut hopes

By Mohi Narayan and Yuka Obayashi NEW DELHI, Feb 16 (Reuters) - Oil prices stalled on Friday over a forecast of slowing demand by the International Energy Agency after gaining…

Read More Here

Norwegian oil companies eye record investments in 2024 and 2025

OSLO, Feb 15 (Reuters) - Norwegian oil and gas companies plan to invest record amounts this year and next, amid a boom in offshore fields developments, with the increases also…

Read More Here

15

Feb