Crude futures traded lower in midmorning trade in Europe on Aug. 1, as markets reacted to weakened economic activity in China with the Caixin PMI dropping to 50.4 in July. At 1107 GMT, October ICE […]
Oil majors have reported massive profits in the second quarter, with oil stocks across the board climbing as investor confidence grows. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, compares two of […]
Crude oil futures were stable to slightly lower in mid-morning Asian trade July 27 as recession fears returned to the fore after fresh US data overnight showed weakening consumer confidence in the economy. At 10:18 […]
Crude oil futures were higher in mid-morning Asian trade July 26, extending strong overnight gains, as a still tight physical supply picture gained the upper hand over recession fears for the moment. At 10:07 am […]
Crude oil futures were lower in mid-morning Asian trade July 25 as signs of weakening economic activity in the West continued to weigh on oil prices. At 10:16 am Singapore time (0216 GMT), the ICE […]
Crude oil futures recouped morning marginal losses during midafternoon Asia trade July 19, as investors weighed talks about a recovery in China’s refined products demand against a potential restoration of Libyan oil production. The ICE […]
After an armed takeover of Libya’s National Oil Company (NOC) on Thursday, newly appointed chairman Farhat Bengdara has told media that he is in full control and that force majeure could be lifted on Libya’s oil exports […]
Crude futures rose slightly during mid-morning European trade July 18 amid persistent supply concerns following US President Joe Biden’s trip to Saudi Arabia and uncertainty surrounding the Nord Stream gas pipeline as annual maintenance nears […]
Crude oil futures were higher in mid-morning Asian trade July 15, shrugging off rangebound trading over the past two sessions, as investors weighed conflicting signals of deteriorating macroeconomic fundamentals and a still tight oil market. […]
Builds in global oil inventories seen for the first time in two years have helped to ease crude oil prices, the US Energy Information Administration said July 12 as it lowered its 2022 oil price […]
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