15

Mar

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…

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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…

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14

Mar

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…

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11

Mar

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…

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08

Mar

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,…

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07

Mar

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,…

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06

Mar

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…

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06

Mar

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…

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04

Mar

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…

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01

Mar

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+…

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29

Feb

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…

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28

Feb

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…

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26

Feb

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…

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23

Feb

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…

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22

Feb

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…

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21

Feb

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…

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19

Feb

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…

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16

Feb

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…

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15

Feb

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…

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15

Feb

Oil demand growth losing momentum, IEA says

LONDON, Feb 15 (Reuters) - Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday, as it trimmed its 2024 growth forecast. The pace of…

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15

Feb

Oil slips after large US crude stock build

Brent, WTI dip about 0.5% BP refinery outage weighs on US crude demand Fuel demand indicators are positive - JPMorgan By Emily Chow SINGAPORE, Feb 15 (Reuters) - Oil prices…

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12

Feb

Oil starts week lower after Israel says ‘concluded’ Gaza strikes

By Sudarshan Varadhan Feb 12 (Reuters) - Oil prices fell in early Asian trade on Monday after Israel said it had "concluded" a series of strikes in southern Gaza, slightly…

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07

Feb

India will be world’s biggest oil demand growth driver through 2030, IEA says

By Sethuraman N R and Nidhi Verma QUITOL, India, Feb 7 (Reuters) - India is expected to be the largest driver of global oil demand growth between 2023 and 2030,…

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07

Feb

Oil ticks up on lower-than-expected rise in U.S. crude stocks

U.S. crude stocks rose 670,000 bbl last week - API US EIA cuts oil output growth forecast for 2024 Gaza war ceasefire talks continue Coming: EIA weekly data at 10:30…

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05

Feb

Oil inches up as US plans more strikes in Mideast, Ukraine hits Russian refinery

By Colleen Howe and Florence Tan BEIJING/SINGAPORE, (Reuters) - Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed…

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02

Feb

Oil gains after OPEC+ maintains output cuts, but heads for weekly losses

By Emily Chow and Jeslyn Lerh SINGAPORE, Feb 2 (Reuters) - Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy…

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01

Feb

Oil nudges higher

By Katya Golubkova and Florence Tan TOKYO/SINGAPORE, Feb 1 (Reuters) - Oil prices climbed on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate…

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31

Jan

Oil falls on weak China data; set for first monthly gain since Sept

By Colleen Howe and Muyu Xu BEIJING, Jan 31 (Reuters) - Oil fell on Wednesday as lacklustre economic data in China, the world's biggest crude importer, weighed on demand sentiment,…

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29

Jan

Oil climbs as tensions escalate in Middle East

By Florence Tan SINGAPORE, Jan 29 (Reuters) - Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the…

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26

Jan

Oil set for weekly gain on U.S. economic growth, Mideast supply concerns

Jan 26 (Reuters) - Oil prices eased on Friday after rising to their highest since December in the previous session, but were set for their biggest weekly gain since October…

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25

Jan

Oil rises on US crude stock draw, China stimulus hopes

By Yuka Obayashi and Jeslyn Lerh SINGAPORE, Jan 25 (Reuters) - Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the…

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22

Jan

Oil struggles to steady as economic headwinds weigh on demand outlook

By Mohi Narayan and Florence Tan NEW DELHI, Jan 22 (Reuters) - Oil prices struggled to push ahead on Monday as economic headwinds pressured the global oil demand outlook and…

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21

Jan

Production at Libya’s Sharara field restarts after protest

DUBAI, Jan 21 (Reuters) - Production at Libya's Sharara oilfield restarted on Sunday, a source with direct knowledge of the matter told Reuters, after protesters ended a sit-down that had…

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19

Jan

Oil prices ease on China demand worries, supply forecasts

By Yuka Obayashi and Andrew Hayley TOKYO/BEIJING, Jan 19 (Reuters) - Oil prices drifted lower on Friday after rallying the day before, as geopolitical tensions and disruptions in U.S. oil…

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18

Jan

Oil prices up on OPEC demand estimate, Mideast tensions and US output

OPEC expects robust oil demand growth in 2025 North Dakota oil production falls by over half from extreme cold Coming up: EIA data on U.S. oil stockpiles at 1600 GMT…

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17

Jan

Oil falls as China’s economic recovery disappoints, dollar strengthens

China Q4 GDP grows 5.2% vs poll's 5.3% China's 2023 refinery throughput hits record high Dollar near 1-mth high as Fed rate cut expectation eases By Muyu Xu and Colleen…

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15

Jan

UPDATED: Oil slips despite Middle East conflict

By Natalie Grover LONDON, Jan 15 (Reuters) - Oil prices dipped on Monday as Middle East conflict's limited impact on crude output prompted profit taking after oil benchmarks gained 2%…

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13

Jan

Biden cites concern of impact of war in Middle East on oil prices

By Nandita Bose and Kanishka Singh EMMAUS, Pennsylvania, (Reuters) - U.S. President Joe Biden said he was concerned about the impact of war in the Middle East on oil prices,…

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12

Jan

Citi lowers Brent price outlook for 2024 and 2025 on oversupply fears

Jan 12 (Reuters) - Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but expects prices holding above $70 per barrel in…

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12

Jan

UPDATED: Oil jumps 4% as tankers avoid Red Sea after strikes

By Paul Carsten LONDON, Jan 12 (Reuters) - Oil prices leaped 4% on Friday, as oil tankers diverted course from the Red Sea following overnight air and sea strikes by…

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11

Jan

Oil inches higher as Middle East tensions heat up

Brent and WTI up around 0.7% Market jittery over attacks on ships in Red Sea But signs of weakening oil demand cap gains By Jeslyn Lerh SINGAPORE, Jan 11 (Reuters)…

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10

Jan

Oil climbs a second day after US crude inventories draw down

By Yuka Obayashi and Muyu Xu TOKYO/SINGAPORE, Jan 10 (Reuters) - Oil rose for a second day on Wednesday after an industry report showed a bigger-than-expected drawdown of crude inventories…

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08

Jan

Oil down more than 1% as Saudi price cuts offset Mid-East worries

U.S. seeks to avert wider war in Middle East OPEC output rises 70,000 bpd in Dec - Reuters survey Saudi Aramco slashes price for key crude grade to Asia By…

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04

Jan

Oil extends gains on Middle East supply worries

Shutdown of Libya's Sharara oil field tightens supply U.S. crude inventories fall more than expected - API OPEC+ to meet on Feb. 1 to review output cuts Goldman Sachs sees…

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03

Jan

Oil prices hold steady amid economic concerns despite Red Sea worries

By Laura Sanicola and Trixie Yap Jan 3 (Reuters) - Oil prices stabilised in early Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns…

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29

Dec

Oil prices to end year 10% lower as demand concerns snap winning streak

By Sudarshan Varadhan SINGAPORE, Dec 29 (Reuters) - Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts…

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27

Dec

Oil steady as market monitors Red Sea developments

By Andrew Hayley and Jeslyn Lerh SINGAPORE, Dec 27 (Reuters) - Oil prices were little changed on Wednesday as investors monitored Red Sea developments, with some major shippers resuming passage…

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23

Dec

Asia fuel oil market to soften in 2024 on Kuwait, Russia supply

By Jeslyn Lerh SINGAPORE, (Reuters) - Asia's fuel oil market could come under pressure in 2024 as Kuwait exports are set to rise while Russian supplies to China and India…

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22

Dec

Oil extends weekly gains, up 1% as Red Sea tension persists

By Emily Chow SINGAPORE, Dec 22 (Reuters) - Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in…

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21

Dec

Brent near $80 as US output hits record

By Ahmad Ghaddar LONDON, Dec 21 (Reuters) - Oil prices steadied on Thursday, with Brent trading near $80 a barrel as higher inventories and record output in the United States…

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21

Dec

Oil set to end winning streak over US stock build

By Yuka Obayashi TOKYO, Dec 21 (Reuters) - Oil prices fell on Thursday and were on track to snap a three-day winning streak, as concerns over low demand following a…

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20

Dec

Oil steady as traders monitor Red Sea tensions, U.S. supply

By Florence Tan and Jeslyn Lerh SINGAPORE, Dec 20 (Reuters) - Oil was little changed on Wednesday as investors kept an eye on the situation in the Red Sea after…

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19

Dec

CIA chief to meet Israeli, Qatari officials for hostage deal talks – US source

Oil is flooding out of Texas in the final weeks of 2023, as traders find outlets abroad for record U.S. production and dodge a hefty year-end tax bill on their…

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14

Dec

World oil demand next year to rise faster than expected, IEA says

Cuts 2023 demand growth forecast by 90,000 bpd Raises 2024 demand growth forecast by 130,000 bpd to 1.1 mbpd Gap remains between OPEC, IEA views on 2024 oil demand growth…

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14

Dec

Oil rises on US inventory draw, upbeat demand expectations

By Laura Sanicola and Trixie Yap Dec 14 (Reuters) - Oil prices rose in Asian trade on Thursday, extending the prior session's gains, on a bigger-than-expected weekly withdrawal from U.S.…

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13

Dec

Oil holds soft tone on oversupply concerns

By Colleen Howe BEIJING, Dec 13 (Reuters) - Oil prices consolidated losses on Wednesday in Asian trade, after falling by more than 3% to six-month lows in the previous session…

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11

Dec

Oil extends gains on US strategic reserve purchases

By Mohi Narayan and Florence Tan NEW DELHI, Dec 11 (Reuters) - Oil prices rose on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves…

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