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Oil market

Oil Rises on Demand Recovery Expectations, Supply Concerns

Shanghai lets financial firms resume work as COVID curbs ease Russian crude output fell in April -OPEC+ report EIA U.S. oil stocks data due on Wednesday U.S. crude, gasoline stocks ...
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Oil the Final Upward Momentum?

Crude oil has added 15% since last Wednesday, rising to $112/bbl WTI and $113/bbl Brent. Both grades reached new two-month highs on Tuesday morning, despite a decidedly bearish news backdrop ...
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Russian Crude Production Plunges by nearly 9 in April, OPEC Data Shows

Monthly output drops nearly 9% in April Steepest fall since shortly after collapse of Soviet Union But higher oil prices boost Moscow's revenue LONDON, May 17 (Reuters) - Russian crude ...
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Oil Rises on EUs Russian Oil Ban Effort, Demand Hopes

EU ministers fail to persuade Hungary to agree Russian oil ban Shanghai achieves COVID-19 milestone U.S. crude inventories likely rose last week, products seen down LONDON, May 17 (Reuters) - ...
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Oil Slides as Investors Take Profit; Supply Fear Still Looms

EU hopeful of Russian oil embargo deal in May, diplomats say China April oil refinery output at 2-yr low as COVID curbs bite China's economy cools sharply in April U.S ...
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Oil Falls Out of Uptrend

Crude oil must balance between a strengthening dollar and stock market pressure on the one hand and the problematic energy supply situation on the world markets on the other. In ...
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Oil Rises as Russia Gas Flow to Europe Falls

Crude rallies after nearly 10% slide over two days Hungary digs heels in over EU embargo on Russian oil Ukraine halts some Russian gas flows Coming up: EIA supply report, ...
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Oil Tumbles on Global Economic Worries, Strong Dollar

EU members struggle to reach deal on Russian oil ban U.S. crude, products inventories likely fell last week - poll May 10 (Reuters) - Oil prices tumbling more than 1% ...
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China Oil Imports Rebound in April, but Weak Fuel Demand Weighs on Tefiners

April crude oil imports around 10.5 mln bpd, up 6.6% on yr Jan-April imports down 4.8% yr/yr April fuel exports down 44% on yr; Jan-April down 38% on yr Jan-April ...
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Oil Rises as Supply Concerns Persist

U.S. plans to buy back 60 mln barrels for emergency stockpile U.S. Senate committee passes antitrust bill pressuring OPEC+ LONDON, May 6 (Reuters) - Oil prices climbed for a third ...
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OPEC Set to Stick to Modest Oil Output Rise amid Price Rally

OPEC+ likely to agree 432,000 bpd increase in June OPEC says Chinese lockdowns hitting demand Formal talks start at 1100 GMT LONDON, May 5 (Reuters) - OPEC+ is likely stick ...
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Oil Climbs on Supply Jitters as EU Plans Russian Oil Ban

France expects EU consensus on Russian oil ban by end of week OPEC+ set to stick to modest oil output rises amid price rally Rising oil prices buy Iran time ...
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Oil Slips on China Demand Worries, while EU Weighs Russia Oil Ban

China COVID-19 lockdowns hurt near-term demand EU set to finalise further Russia sanctions Coming up: API supply report, 2030 GMT LONDON, May 3 (Reuters) - Oil slipped about 1% on ...
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Oil Preparing for Sharp Moves

The price of crude is down more than 3% by the start of the New York trading session with a tug-of-war around $100 a barrel of WTI. And this is ...
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Saudi Arabia may Cut June Crude Prices to Asia from Record Highs

Arab Light OSP may fall by $5-$5.50/bbl - survey Record refining margins in Asia may support prices SINGAPORE, April 29 (Reuters) - Top oil exporter Saudi Arabia may cut prices ...
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