Oil’s push toward $90 gets lift from physical markets everywhere
As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.
Brent crude
Oil price continues to climb after OPEC+ production cut
There’s concern that the move by OPEC+ will inject fresh vigor into inflationary pressures.
Oil edges lower before Fed’s decision as banking turmoil fades
Oil eased after a turbulent session even as a calmer tone returned to financial markets rattled by a global banking crisis, with investors on alert for any signs of fresh trouble that may hurt risk appetite.
Brent oil drops below $80 as SVB failure deepens turbulence
Oil in London fell below $80 a barrel for the first time since early February as the collapse of Silicon Valley Bank added further turbulence to energy markets.
Oil prices claw back some losses as demand concerns linger
Oil prices edged higher after tumbling around 9% over the previous two sessions, with demand concerns continuing to hang over the market.
Oil prices: New Year misery deepens as demand concerns tick up a notch
Oil’s miserable start to the year deepened as a deteriorating demand outlook came to the fore, buttressed by predictions for a US recession, China’s near-term struggle with Covid-19, and milder winter weather.
Brent Crude oil climbes in price during first session of 2023
International oil price benchmark Brent Crude climbed in the year’s first session as traders digested mixed signals on demand from China, the world’s largest crude importer.
Updated: Oil set for modest gain in year marked with unpredictable swings
Oil is set to end a volatile year modestly higher as investors look ahead to a potential rebound in Chinese demand next year and brace for the possibility that less Russian crude will make it to buyers.
Price of oil surges amid speculation that OPEC+ nations will cut production
Oil extended a rebound from the lowest level in almost a year on speculation that the Organization of Petroleum Exporting Countries and its allies will deepen supply cuts to respond to weakening global demand.
‘Bazooka’ of oil preventing Brent Crude price from hitting $200
A “bazooka” of oil from the US reserve, lockdowns in China and a “surprising durability” of production in Russia are preventing Brent Crude oil from hitting $200 a barrel.
Russia-driven crisis exposes UK’s energy madhouse
With gas prices now more than five times the cost of a barrel of North Sea benchmark Brent Blend, the outlook for energy across Europe including the UK, is shocking.
Oil suffers deep weekly loss as concerns over demand intensify
Oil headed for a punishing weekly loss on increasing evidence that a global economic slowdown is spurring demand destruction, with prices collapsing to the lowest level in six months as key time spreads contract.
Brent crude falls below $100 for first time since late April
Oil extended its drop below $100 a barrel as fears of a global slowdown outweighed continued supply disruptions and market tightness.
Oil opens week on front foot as products, dollar buttress gains
Oil climbed at the start of the week’s trading as investors weighed tight product markets including gasoline, and a weaker dollar.
Oil extends slump as Europe softens Russian sanction proposals
Oil extended its biggest drop in more than five weeks after the European Union softened its proposed sanctions on Russian crude exports and as economic growth concerns weighed on sentiment.
Oil fluctuates as traders assess China’s vow, unrest in Libya
Oil fluctuated as China vowed to repair the economic damage caused by a spate of lockdowns, and crude supplies from Libya were disrupted.
Oil gains as week opens on Libyan Disruption, Russia’s Warning
Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy.
Oil snaps back after sliding on back of IEA reserve release plan
Oil rebounded after a steep slump that was triggered by prospects for further crude releases from strategic reserves, the outlook for tighter U.S. monetary policy and weaker demand in virus-hit China.
Boris Johnson wants ‘climate pass’ for gas industry to wean West off Russian supply
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
Brent Crude oil price hits $117 as Russia invasion upends market
Oil soared to the highest price level since 2008 as buyers continued to shun crude from Russia following its invasion of Ukraine, while OPEC+ is doing its best to ignore the war started by one of its key members.
$100 oil may be coming within months, Chevron CEO says
$100 oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said the chief executive of Chevron.
The day-to-day market for physical oil cargoes is booming
The world’s physical oil market is running hot, offering a boost to bulls.
Oil fluctuates near $76 ahead of OPEC+ meeting on supply policy
Oil fluctuated before an OPEC+ meeting that’s expected to see the alliance agree to another output boost next month.
Oil holds near one-month high on signs US stockpiles falling
Oil held near a one-month high after industry data pointed to another drop in US crude inventories and traders bet the fast-spreading omicron virus variant would prove to be less severe than earlier waves.
Oil edges lower as investors weigh demand risk from omicron
Oil edged lower amid nervousness around the rapid spread of the omicron virus variant and strength in the dollar.