Category: Prices

Oil edged higher after a volatile week of trading as concerns over a global economic slowdown continued to dun the market. West Texas Intermediate futures rose 0.6% to settle above Continue Reading

 Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate Continue Reading

From Paris to Mumbai, exchange rates are keeping fuel costly Oil is at record levels in Ghana, while Sri Lanka is shut out Sri Lanka recently shut its only oil Continue Reading

Oil retreated on Friday after a volatile week as concerns over a global economic slowdown continue to hang over the market. Benchmark Brent futures traded near $91 a barrel amid Continue Reading

Oil prices are on course to post a weekly loss for the second week in a row, with economic fears continuing to trump market fundamentals. Comments from the Fed that Continue Reading

The major oil exporters in the Arab Gulf will see their economies grow at a lower rate next year compared to this year’s growth and previous expectations due to weaker-than-projected Continue Reading

Oil held gains as the market shrugged off measures from US President Joe Biden to tame rising energy prices that have fueled inflation. West Texas Intermediate for December traded near Continue Reading

Oil advanced as Chinese officials debate easing some Covid rules, a policy that has weighed on its economy and energy demand. Brent rose much as 1.6% to trade above $93 Continue Reading

Oil held gains as the market shrugged off measures from US President Joe Biden to tame rising energy prices that have fueled inflation. West Texas Intermediate for December traded near Continue Reading

 Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures Continue Reading

Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of Continue Reading

 Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of Continue Reading

Oil extended its volatile run as continued US efforts to curb prices and concerns over a global recession counter signs of tight supply. West Texas Intermediate swung between gains and Continue Reading

Global diesel and distillate fuel stocks have fallen to dangerous levels. The U.S. has been exporting a lot of diesel to troubled Europe, but now things are changing. U.S. buyers Continue Reading

Rigzone takes a look at where diesel prices are heading. Average diesel prices in the U.S. are rising, the AAA gas prices website shows. As of October 19, national average Continue Reading

Oil prices climbed on Tuesday, bolstered by a weaker U.S. dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists Continue Reading

Oil gained amid a broader market rally as investors continued to weigh a tight market against concerns over a global economic slowdown. West Texas Intermediate rose above $86 a barrel, Continue Reading

The world’s diesel market is once again flashing signs of chaos. The world’s diesel market is once again flashing signs of chaos, undermining the global economy with a fresh bout Continue Reading

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. Continue Reading

 Oil clawed back some losses after a weekly slump as fears over an economic slowdown continue to weigh on the outlook for demand. West Texas Intermediate futures traded above $86 Continue Reading

The Dubai benchmark oil prices, a bellwether of demand in Asia, have weakened in recent weeks, reflecting concerns about oil consumption in the most important crude oil importing region. The Continue Reading

Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Continue Reading

Oil prices were stable on Friday as support from a large cut to the OPEC+ supply target and a weaker dollar were countered by global recession fears and weak oil Continue Reading

The U.S. Energy Information Administration lowered its Brent spot average price forecasts. The U.S. Energy Information Administration (EIA) lowered its Brent spot average price forecast for 2022 and 2023 in Continue Reading

After climbing for two weeks, oil prices are set to post a weekly loss this week as new inflation data in the U.S. highlighted looming economic problems. The OPEC+ decision Continue Reading

Oil headed for a weekly loss as central banks’ inflation-fighting measures risk growth and Chinese demand remains muted amid virus lockdowns. West Texas Intermediate futures fell toward $88 a barrel Continue Reading

Oil fell for a fourth day, set for the longest losing run in more than a year, as investors fretted that a global slowdown would hurt energy consumption and an Continue Reading

Standard Chartered has lowered its global oil demand outlook for next year, suggesting that oil demand won’t break the all-time highs of 2019. The decision by OPEC+ to cut its Continue Reading

 – Oil slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern Continue Reading

Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited concerns Continue Reading

 Oil fell as risks to demand from a global slowdown halted a powerful rally triggered by OPEC+’s decision to defy the US by cutting supply. West Texas Intermediate dropped toward Continue Reading

Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited concerns Continue Reading

 Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about Continue Reading

Oil headed for the biggest weekly gain since early March as OPEC+ put the market on course for further tightening ahead of winter. While West Texas Intermediate was near $89 Continue Reading

Oil prices could easily surge back above $100 a barrel next year as already-tight supplies could be further challenged by an increase in Chinese consumption, according to Global X Management Continue Reading

Oil prices stabilized near three-week highs on Thursday after OPEC+ agreed to further tighten global crude supply with a deal to slash production by about 2 million barrels per day, Continue Reading

Oil prices stabilized near three-week highs on Thursday after OPEC+ agreed to further tighten global crude supply with a deal to slash production by about 2 million barrel per day, Continue Reading