Oil slips at end of week as traders weigh China’s demand outlook
Oil dipped at the end of the week - trimming a seventh weekly gain - as investors weighed China’s bumpy return from virus curbs.
Brent crude price
Platts’ Brent assessments to include WTI from 2023
Platts will include WTI Midland in its Dated Brent assessment from June 2023 - the first time a non-North Sea grade will be used to help set oil's most important benchmark.
Oil suffers weekly loss as China lockdowns, Fed pivot take toll
Oil headed for its third weekly loss in four as lockdowns in virus-hit China dragged on and the Federal Reserve signaled that monetary policy will be tightened aggressively to contain decades-high inflation.
Oil sheds bulk of invasion-driven gains on SPR sales, virus, Fed
Oil headed for a back-to-back weekly retreat on plans for massive stockpile releases, a demand-sapping virus outbreak in top importer China and a hawkish turn from the US Federal Reserve.
Oil climbs near $106 after jumping on doubts over peace talks
Oil extended gains in Asia after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Ukraine.
Oil edges higher after three-day slide as volatility continues
Oil rose after a three-day slide as investors weighed the fallout from Russia’s invasion of Ukraine and Covid-19 lockdowns in China following its worst outbreak since the start of the pandemic.
Oil’s sizzling rally takes a breather after tumultuous week
Oil is heading for the biggest weekly decline since November, taking a breather after a period of wild trading and a surge in prices that followed Russia’s invasion of Ukraine.
Oil’s wild week continues as prices recover after huge slump
Oil edged higher after the biggest drop since November as the fallout from Russia’s invasion of Ukraine continues to rattle markets.
Oil extends wild week’s gain as Ukraine invasion rattles markets
Oil headed for the biggest weekly surge in almost two years after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch, driving prices to their highest since 2008.
Higher oil prices likely to be sustained, says Aberdeen oil expert
An Aberdeen economist sees high oil prices sustained in the medium term, as Brent crude prices this week rose above the $90 per barrel mark for the first time since 2014.
BP levels sharpest criticism yet of London’s Brent crude oil market
BP said the world’s most important oil benchmark was experiencing ‘regular dislocations,’ in the harshest criticism ever by an oil major about how the price of Brent crude is calculated.
233 years of rig contract backlog added in 2021 as Brent price climbs
Higher oil prices look set to drive sustained rig demand in 2022, according to new analysis.
Top petroeconomist tips Brent to continue surge after crude oil hits three year high
Brent oil has been tipped to continue its upward trajectory after the crude benchmark hit its highest level in around three years.
Oil slides below $40 with supply disruptions subsiding
Oil accelerated losses with workers in the U.S. Gulf heading back following Hurricane Delta’s landfall and Libya taking a major step toward reopening its biggest field.
Opinion: OPEC meeting yields little change in policy
As expected, the OPEC meeting concluded in Vienna on 2 June without agreement on a production ceiling.
US summer gasoline prices set to be lowest since 2004
American drivers will pay the lowest average summer price in more than a decade this year for regular gasoline, according to Energy Information Administration forecasts.