The lifting of COVID-19 restrictions in China is set to increase global demand to a record high...
Oil
An early 0.5% slide in Europe (.STOXX) after a bad day for the Nikkei (.N225) meant the all-world share indexes (.MIWD00000PUS) were facing...
Brent crude futures were last down 82 cents, or 1%, to $84.16 a barrel at 0330 GMT,...
Fed policymakers said fresh inflation data out later this week will help them decide whether they can...
"If recession is avoided, global oil demand and demand growth will remain resilient," said Tamas Varga of...
"This has been an extraordinary year for commodity markets, with supply risks leading to increased volatility and...
Brent crude futures rose 20 cents, or 0.2%, to $83.66 a barrel by 0445 GMT, after settling...
Detailing for the first time the Russian response to the price caps introduced by the West over...
At the same time there was a decline in distillate stocks, which include heating oil and jet...
The EU has pledged to stop buying Russian oil via maritime routes from Dec. 5, with Western...
Brent settled below $80 on Tuesday for the only the second time in 2022 and has unwound...
The G7 is looking at a cap on Russian seaborne oil at $65-$70 a barrel, according to a...
As for the price cap level, a senior Treasury official said discussions are taking place among members...
U.S. West Texas Intermediate (WTI) crude futures for December were at $80 a barrel, down 8 cents,...
Brent crude futures were up $1.84, or 1.9%, to $96.51 a barrel at 0740 GMT. The contract...
Brent crude shed 37 cents, or 0.4%, to $95.79 a barrel at 0426 GMT, while U.S. West...
Brent crude futures for December settlement fell 28 cents, or 0.3%, to $92.13 a barrel by 0010...
Washington has communicated to representatives of the Organization of the Petroleum Exporting Countries (OPEC) to reassure them...
The sale would market the remaining 14 million barrels from Biden's previously announced, and largest ever, release...
The Saudi minister's remarks came after the US administration officials indicated that Washington is thinking of reviewing...
A production cut would follow the marginal 100,000 bpd cut agreed last month. Reuters reported the possibility...
OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about...
Kuwait Oil Company aims to increase natural gas production to meet local demand – acting CEO
1 min read
The move is in line with plans to meet rising demand amid the strong recovery experienced in...
This particularly applies to the UAE and Saudi Arabia, where GDP growth year-on-year could be as high...
G-7 looks to recruit more countries on Russian oil cap before negotiating details, officials say
1 min read
Two months after they agreed to explore price limits on Russian oil sales, G-7 countries are still...
The Energy Information Administration said that crude oil stockpiles in the United States increased unexpectedly last week...
OPEC+ trimmed its forecast for an oil market surplus this year by 200,000 barrels per day (BPD)...
Russia's invasion of Ukraine in February fueled concerns about global oil supplies, sending prices skyrocketing.
On August 3, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia,...
The project aims to receive crude from Ain Sokhna terminal on the red sea and pump it...
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