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
U.S. President Joe Biden said on Thursday that U.S. gasoline prices remain too high and that he will have more to say about lowering the cost next week. A federal Continue Reading
Nation’s reserves are 95% full two weeks ahead of schedule Region likely to avoid unusually cold winter: climate model Europe’s gas storage sites are more than 91% full. Photographer: Krisztian 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
