Oil

Oil prices regain ground after falling to six-month lows

By Colleen Howe BEIJING, Dec 7 (Reuters) - Oil prices recouped some of their losses in early Asian trading but remained at the lowest levels since June, after falling in…

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Oil prices mixed as markets weigh OPEC+ cuts, China demand concerns

BEIJING, Dec 6 (Reuters) - Oil prices were mixed in Asian trade on Wednesday, after posting four sessions' worth of losses, as markets weighed the effectiveness of OPEC+ cuts on…

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Oil down on persistent uncertainty over OPEC+ supply cuts

By Mohi Narayan and Florence Tan NEW DELHI, Dec 4 (Reuters) - Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty…

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U.S., allies pressure Liberia, Marshall Islands, Panama over Russia oil sanctions

By Timothy Gardner WASHINGTON, (Reuters) - The U.S., EU and UK are pressuring Liberia, the Marshall Islands and Panama to increase oversight of ships carrying their flags to ensure they…

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Oil prices set for sixth straight weekly fall as OPEC+ cuts underwhelm

Dec 1 (Reuters) - Oil prices extended losses on Friday, and looked set for a sixth straight week of declines, as voluntary oil output cuts agreed by OPEC+ producers fell…

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OPEC+ agrees to deepen voluntary oil output cuts

By Alex Lawler, Olesya Astakhova, Maha El Dahan and Ahmad Ghaddar LONDON/MOSCOW/DUBAI (Reuters) - OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per…

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Oil steady, market eyes OPEC+ meet, weighs weak demand indicators

By Laura Sanicola and Jeslyn Lerh SINGAPORE, Nov 30 (Reuters) - Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group…

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Oil slightly higher as OPEC+ awaited, Black Sea storm disrupts supply

By Yuka Obayashi and Muyu Xu TOKYO/SINGAPORE, Nov 29 (Reuters) - Oil edged higher on Wednesday as investors turned cautious ahead of a crucial OPEC+ meeting to decide output policy…

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Greek shippers exit Russian oil trade as U.S. tightens price cap scrutiny

Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four…

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Brent slips toward $80/bbl ahead of OPEC+ meeting

By Florence Tan SINGAPORE, Nov 27 (Reuters) - Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors awaited the OPEC+ meeting later this week for…

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Brent retreats ahead of OPEC+ oil production decision

By Colleen Howe BEIJING, Nov 24 (Reuters) - Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether OPEC+ would come to…

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Oil and gas investment could halve by 2030 to meet climate goal -IEA

PARIS, Nov 23 (Reuters) - The current $800 billion invested annually in the global oil and gas sector could be halved by 2030 if a goal to limit global warming…

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Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting

Nov 23 (Reuters) - Oil prices fell by more than 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers…

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Russia remains China’s top oil supplier in October

By Andrew Hayley BEIJING, Nov 20 (Reuters) - Russia remained China's top oil supplier in October, data showed on Monday, despite higher prices for Russian crude as Saudi Arabia continues…

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Oil extends gains as OPEC+ to mull deeper cuts

By Florence Tan and Emily Chow SINGAPORE, Nov 20 (Reuters) - Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices,…

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Oil prices on track for fourth straight week of decline

By Florence Tan SINGAPORE, Nov 17 (Reuters) - Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to…

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Oil prices down on US crude build, China demand worries

By Stephanie Kelly and Andrew Hayley Nov 16 (Reuters) - Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States…

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Oil set for third weekly decline as Middle East conflict concerns ebb

By Sudarshan Varadhan SINGAPORE, Nov 10 (Reuters) - Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week…

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Brent oil hovers around $80 after this week’s downward spiral

Brent nearly $20 a barrel lower than September peak Both Brent and WTI benchmarks hit lowest since July on Wednesday OPEC to discuss 2024 output policy later this month By…

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Oil stable; markets shrug off China inflation data, eye fresh drivers

By Andrew Hayley and Jeslyn Lerh SINGAPORE, Nov 9 (Reuters) - Oil prices steadied on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on…

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Oil prices stutter after hitting 3-mths-lows, demand concerns mount

By Stephanie Kelly and Muyu Xu Nov 8 (Reuters) - Oil prices stuttered on Wednesday after sliding to their lowest in over three months in the previous session, weighed down…

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How European airlines have hedged against fuel price increases

(Reuters) - Higher oil prices amid turmoil in the Middle East are increasing prices of jet fuel, which accounts for a big portion of airlines' costs. Brent crude oil almost…

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Oil ticks upwards after Saudi Arabia, Russia stick to output cuts

By Florence Tan and Colleen Howe BEIJING, Nov 6 (Reuters) - Oil prices edged up on Monday as top exporters Saudi Arabia and Russia said they would stick to extra…

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Oil rises ahead of Fed meeting as Middle East conflict persists

By Mohi Narayan and Emily Chow NEW DELHI, Nov 1 (Reuters) - Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this…

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Oil down 1% ahead of U.S., China data

By Mohi Narayan and Florence Tan SINGAPORE, Oct 30 (Reuters) - Oil prices slipped more than 1% on Monday as investors adopted caution ahead of a U.S. Federal Reserve policy…

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World’s ghost fleet in focus over US Russian price cap crackdown

By Robert Harvey and Natalie Grover LONDON, (Reuters) - U.S. penalties on shippers transporting Russian oil in breach of the G7's price cap could push more Russian cargoes onto vessels…

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Oil rises more than $1 on fears of spread of Middle East conflict

By Florence Tan and Sudarshan Varadhan SINGAPORE, Oct 27 (Reuters) - Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria…

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Oil steady as market eyes Middle East tensions, higher US crude stockpiles

By Jeslyn Lerh SINGAPORE, Oct 26 (Reuters) - Oil prices were little changed on Thursday as the market weighed mixed drivers, eyeing tensions in the Middle East while digesting a…

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Oil little changed as economic concerns offset Middle East supply worries

By Stephanie Kelly and Muyu Xu Oct 25 (Reuters) - Oil was little changed on Wednesday after falling for three days as concerns about slowing European demand offset worries of…

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Oil eases as aid convoys arrive in embattled Gaza Strip

By Mohi Narayan NEW DELHI, Oct 23 (Reuters) - Oil prices slid more than $1 on Monday as diplomatic efforts grew over the weekend to contain the conflict between Israel…

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US seeks to buy 6 million barrels for oil reserve by January

By Timothy Gardner (Reuters) - President Joe Biden's administration hopes to buy 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as…

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Oil on track for second week of gains on Gaza contagion fears

By Florence Tan and Sudarshan Varadhan SINGAPORE, Oct 20 (Reuters) - Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears…

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Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease

By Katya Golubkova and Emily Chow TOKYO, Oct 19 (Reuters) - Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran's…

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Oil jumps over 2% as Middle East tension flares up

By Arathy Somasekhar and Muyu Xu Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at…

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Oil prices steady above $90 as investors assess Israel-Hamas war

Brent oil futures steadied above $90 a barrel on Monday after topping that level on Friday, as investors waited to see if the Israel-Hamas conflict escalates further.Brent futures were down…

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Oil surges $3 on US sanctions, tight stockpile forecasts

Supply concerns driving price gains US had imposed sanctions on tankers carrying Russian oil OPEC expects crude stockpiles to fall this quarter By Paul Carsten LONDON, Oct 13 (Reuters) -…

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Oil climbs as U.S. sanctions, stockpile forecasts, raise supply concerns

By Katya Golubkova TOKYO, Oct 13 (Reuters) - Oil prices rose on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already…

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Oil falls further on US stock build, easing supply concerns

By Trixie Yap SINGAPORE, Oct 12 (Reuters) - Oil prices fell for a third day on Wednesday, dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and…

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Oil prices jump as Middle East violence rattles markets

By Andrew Hayley BEIJING, Oct 9 (Reuters) - Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian…

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Oil on track for sharpest weekly decline since March

By Sudarshan Varadhan SINGAPORE, Oct 6 (Reuters) - Oil prices were on track for their steepest weekly decline since March despite rising on Friday, as a U.S. bond market sell-off…

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Oil up after OPEC+ maintains output cuts but shaky demand caps gains

By Katya Golubkova and Jeslyn Lerh SINGAPORE, Oct 5 (Reuters) - Oil prices inched up on Thursday, clawing back some of the previous session's big losses after an OPEC+ panel…

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Saudi Arabia to continue voluntary cut of one million bpd

DUBAI, Oct 4 (Reuters) - Saudi Arabia on Wednesday said it would continue with its voluntary oil output cut of one million barrels per day (bpd) for the month of…

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Oil dips on high interest rate worries, OPEC+ panel awaits

By Laura Sanicola and Muyu Xu Oct 4 (Reuters) - Oil edged lower on Wednesday ahead of a panel meeting of OPEC+ ministers, as the market weighed expectations of supply…

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Oil prices climb as risk appetite grows, focus returns to supply outlook

By Yuka Obayashi and Emily Chow TOKYO, Oct 2 (Reuters) - Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as…

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Oil set for 2% weekly gain on China holiday demand, tight US supply

By Katya Golubkova and Trixie Yap Sept 29 (Reuters) - Oil prices were set for a weekly gain of around 2% after regaining ground on Friday as strong holiday demand…

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Oil prices climb on crude draw, tight global supply

By Florence Tan and Mohi Narayan Sept 28 (Reuters) - U.S. oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks…

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Oil prices climb as markets focus on supply tightness

By Emily Chow SINGAPORE, Sept 27 (Reuters) - Oil prices rose nearly $1 on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the…

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Oil price spike does not change ECB’s view on inflation-Villeroy

PARIS, Sept 23 (Reuters) - Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank (ECB), said on Saturday that the spike in…

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Oil prices rise as supply concerns outweigh demand fears

By Yuka Obayashi and Emily Chow TOKYO, Sept 22 (Reuters) - Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed…

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Oil falls as rate hike expectations offset US stock draw

By Trixie Yap Sept 21 (Reuters) - Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S.…

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Oil prices retreat further from 10-month highs

By Yuka Obayashi and Emily Chow TOKYO, Sept 20 (Reuters) - Oil prices retreated further from 10-month highs on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with…

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Oil rises on supply concerns, China demand recovery

By Florence Tan and Sudarshan Varadhan SINGAPORE, Sept 18 (Reuters) - Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in…

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Oil set to rise for a third week on strong China economic data

By Sudarshan Varadhan SINGAPORE, Sept 15 (Reuters) - Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record…

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Oil rebounds as markets refocus on supply tightness

By Arathy Somasekhar and Jeslyn Lerh SINGAPORE, Sept 14 (Reuters) - Oil prices rebounded on Thursday as markets turned their attention back to a tighter crude supply outlook for the…

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OPEC+ cuts to tighten oil market sharply in fourth quarter, says IEA

By Natalie Grover and Alex Lawler LONDON, Sept 13 (Reuters) - The extension of supply cuts by Saudi Arabia and Russia to the end of 2023 will lock in a…

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Oil near 10-month peak on supply tightness, US inflation data awaits

By Yuka Obayashi and Muyu Xu Sept 13 (Reuters) - Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market…

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Oil falls on stronger U.S. dollar, China worries; heading for weekly gain

By Yuka Obayashi and Muyu Xu TOKYO/SINGAPORE, Sept 8 (Reuters) - Oil extended losses on Friday, further receding from this week's 10-month highs, as fears about the health of China's…

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