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Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in more than a week after Hurricane Ida made landfall in Louisiana
Oil prices were mixed on Friday after a strong rise in the previous session on a weaker dollar and a fall in U.S. crude stocks and were set for modest weekly gains ahead of a highly anticipated U.S. monthly jobs report. Brent crude …
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed higher on Friday as oil companies raced to evacuate employees from offshore infrastructure ahead of hurricane Ida, prompting shutdowns at their facilities in the Gulf
Russia regards its Arctic oil and gas development in the same way that the U.S. saw its shale oil and gas sector around 20 years ago, which is a truly game-changing opportunity to alter the balance of power in the world’s hydrocarbons markets
Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as Mexico suffered a big production outage and U.S. regulators issued their first full approval for a COVID-19 vaccine. Brent crude oil futures were up $1.09, …
Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as Mexico suffered a big production outage and U.S. regulators issued their first full approval for a COVID-19 vaccine. Brent crude oil futures were up 83 …
Oil prices were down for a seventh straight session on Friday near three-month lows and heading for a weekly loss of over 6% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened the outlook for fuel …
Oil dropped to $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories. Circulation of the Delta …
Crude oil prices rose on Wednesday due to expectations of a weekly decline in U.S. crude stocks, but fears that growing coronavirus infections could stifle demand. Brent crude was up 47 cents or 0.68% at $69.5 a barrel by 08:05 GMT. …
Are the supply and demand fundamentals that have governed oil markets for decades coming unstuck?
The United States and OPEC have had ongoing engagements to produce more oil, White House press secretary Jen Psaki confirmed. "This is just an outreach that’s just happening over the last couple of days, but …
Oil prices fell over 2% to a three-week low on Monday, extending last week's steep losses on the back of a firmer U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand
The price of futures contracts of Brent crude oil for October 2021 delivery was down by 4.02% on London's ICE on Monday at $67.86 per barrel, diving below $68 per barrel for the first time since July 20, 2021, according to the trading …
Oil prices rose about 1% on Thursday on increasing Middle East tensions, but fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases threatened the demand recovery
Oil prices fell on Thursday wiping out early gains as more countries imposed movement restrictions amid a surge in coronavirus cases and as the U.S. dollar firmed, though tension in the Middle East kept prices from falling further. …
Top oil exporter Saudi Arabia raised the September official selling prices (OSPs) for the flagship Arab light crude to $3 a barrel above the Oman/Dubai average for Asia, the country's state oil producer Aramco (2222.SE) said on …
Oil prices fell for a third straight day early on Wednesday as concerns about demand amid surging Delta COVID variant continue to weigh on market sentiment. …
Oil prices were little changed on Monday as investors balanced concerns about fuel demand from the spread of Covid-19 variants and floods in China against expectations of tight supplies through the rest of the year. As CNBC …
Oil was up Tuesday morning in Asia, but Brent oil futures and WTI futures both remaining below the $70 mark. A broader market rout, combined with the recent COVID-19 outbreaks involving the Delta strain, all raised concerns about the short-term …
The cost of a Brent oil futures contract with settlement in September 2021 on the London ICE exchange declined by 2.31%, to $71.87 per barrel, according to the trading data as of 11:27 Moscow time. By 11:44 Moscow time, the price of …
