Oil prices fell more than 1% on Monday, dropping for a third session after official data showed that refining throughput and economic activity slowed in China in an indicator that Continue Reading
Crude oil prices fell Aug. 13 but still held steady near the $70/b threshold as fears of economic and supply-chain slowdowns bubbled up as a result of China closing a Continue Reading
IEA ‘Sharply’ Cuts Oil Demand Outlook on Delta Virus Concerns Oil steadied at the end of a volatile week in which the fast-spreading delta virus variant continued to cloud the Continue Reading
The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the International Energy Agency warned that demand growth for crude is Continue Reading
Highlights Zone K power prices surge over $1,500/MWh Multiple transmission, supply outages: LIPA Lower demand, temperatures expected week of Aug. 16 A heat wave that moved through the Northeast US Continue Reading
Crude oil futures were lower during midmorning Asia trade Aug. 13 as pandemic concerns continued to keep prices in check, with the sentiment also taking a hit after the International Continue Reading
Oil closed lower as traders assess how the spreading delta variant will impact world fuel demand the rest of the year. Futures in New York posted a 0.2% decline in Continue Reading
President Joe Biden has lately sought to soothe fears that rising inflation could hurt the U.S. recovery and undermine his $4-trillion spending plans. This comes after U.S. inflation for the Continue Reading
Oil prices steadied on Thursday as the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the global oil demand recovery. read more Continue Reading
Oil rose as a weaker dollar offset a government report that showed a smaller-than-expected decline in crude stockpiles in the wake of a viral resurgence. Futures advanced 1.4% after falling Continue Reading
