Oil prices dropped on Thursday on caution about dwindling fuel demand in China, the world’s biggest oil importer, due to the economic impact of COVID-19 restrictions. Brent crude futures had Continue Reading
Weaker demand fundamentals have dampened upside momentum for crude oil. Declining volatility and narrower intra-day trading ranges point at slowing bullish momentum for crude. Standard Chartered: lockdowns in China will Continue Reading
Crude oil futures climbed in mid-morning Asian trade April 27, extending overnight gains, as China announced a fresh wave of financial stimulus, which helped delay demand concerns, while renewed fears Continue Reading
Oil rose after Russia cut natural gas supplies to Poland and Bulgaria, escalating Europe’s energy crisis as the war in Ukraine drags on. West Texas Intermediate traded above $102 a Continue Reading
More U.S. energy executives have been selling rather than buying stock at the fastest pace since 2012. U.S. oil and gas executives sold shares worth $1.35 billion during the quarter, Continue Reading
World bank: Russian invasion of Ukraine will alter energy trade flows for years to come. Elevated commodity prices will worsen inflationary pressures globally. The World Bank expects crude prices to Continue Reading
Gas prices surged as Russia carried through with its threat to halt flows. Bloomberg News European gas rose after Russia blocked flows to Poland and Bulgaria, sending a warning to Continue Reading
Crude oil futures rose moderately in mid-morning Asian trade April 26 to recoup some losses after China lockdowns and a surging US dollar sent crude prices lower at the start Continue Reading
Oil dropped below $98 a barrel in New York as investors assessed the impact of China’s rapidly spreading Covid-19 outbreak on the outlook for global demand. West Texas Intermediate futures Continue Reading
Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session, as worries over China’s fuel demand were soothed by the central bank’s pledge to Continue Reading
