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Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports …
Russia will suspend supplies of oil and petroleum products to states, which will decide to restrict the price of oil from the country, Deputy Prime Minister Alexander Novak told reporters on Thursday. "As far as price restrictions …
Finance ministers of the Group of Seven (G7) will approve the plan stipulating the Russian oil price cap at their meeting on Friday, The Wall Street Journal newspaper reported, citing sources. The plan also stipulates setting the price …
Turkey’s economy lurched forward at a faster rate than expected, as the highest inflation in 24 years prompted consumers to bring forward purchases in anticipation of steeper prices ahead. Gross domestic product rose an annual 7.6% in …
Oil prices recovered slightly on Wednesday as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes. …
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand. Brent crude …
Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe, helped offset a dire outlook for U.S. growth. …
The idea that OPEC+ could consider production cuts in the near future would be in line with OPEC’s view, the rotating president of OPEC, Congo’s Hydrocarbons Minister Bruno Jean-Richard Itoua, told The Wall Street …
Oil prices rose on Thursday on mounting supply tightness concerns, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 45 cents, or 0.4%, to $101.67 a barrel by 0630 GMT, while …
Saudi energy minister’s comments, backed by some OPEC members, are a letdown for White House
The price of futures contract for Brent crude oil with October delivery exceeded $101 per barrel on London’s ICE for the first time since August 3. As of 11:12 Moscow time, the price of Brent reached $101.18 per barrel (+0.96%). …
Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would cut output wore off. Brent crude futures for …
Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude gained 42 cents, or 0.4%, to …
This is Saudi Arabia, the world’s biggest exporter of oil, so it’s no surprise the property market is red-hot as income from a spike in energy prices flows through the economy. According to Bloomberg citing Almajdiah’s chief …
An Iran nuclear deal that would lead to the country pumping more oil is unlikely to materialize any time soon
New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to blame for soaring inflation, pointing the finger instead at chronic underinvestment in the oil and gas industry. “OPEC is not …
Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global …
Oil prices have given up in recent weeks all the gains they had made since the Russian special operation in Ukraine as market fears of recession intensified
The price of futures contracts of Brent crude oil for October 2022 delivery decreased below $94 per barrel on London's ICE on Thursday for the first time since February 21, 2022, according to trading data. As of 6:22 pm Moscow …
Member-states of the Group of Seven (G7) are considering an opportunity of introducing the complete ban on services of oil carriage from Russia if its price is not approved by ‘international partners’ according to the foreign …
