Oil prices rise on uncertainty over OPEC+ cuts and Middle East tensions
December 5, 2023 Oil prices jumped by nearly 1% on Tuesday, lifted by uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and…
Oil falls on demand fears and doubts over OPEC+ cuts
December 4, 2023 Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on supply cuts and uncertainty surrounding global fuel demand, though the risk…
Oil retreats on caution ahead of OPEC+ meeting
November 21, 2023 Oil fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the…
OPEC+ begins meetings which may lead to further output cuts
June 3, 2023 OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day,…
Investors eye possibility of economic boost, as oil bounces 8% on stimulus hopes
Oil prices bounced 8% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus amid a price war between Russia and…
Oil price falls as fears grow over China virus
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lock downs there deepened concerns…
Oil prices climb to highest in three months on renewed U.S.-China trade deal hopes
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest…
Oil prices recover after output from U.S, Russia, OPEC fell
Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued…
Oil prices hold steady on hopes trade tensions could ease
Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus measures to counter a possible…
Oil gains as Middle East Gulf tensions flare, Libya field shut
Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East and after Libya…