Oil extends losses as rate hike concerns spur sell-off Oil prices traded lower today, extending losses after US government data pointed to weak demand, which exacerbated fears that more aggressive US interest rate hikes … Business • 08 Mar
Oil prices dip but still poised for weekly gain Oil prices dipped today but were poised to register a weekly gain, with renewed optimism on China's demand recovery outweighing worries over recession, growing US … Business • 03 Mar
Oil up on possible Russia cuts, inventories remain high Oil prices extended gains for a second session today as the prospect of lower exports from Russia offset rising inventories in the United States and … Business • 24 Feb
Oil falls on fuel demand woes ahead of US Fed comments Oil prices fell for a third trading session today as concerns about fuel demand were stoked by expectations that minutes due from the US Federal … Business • 22 Feb
Oil prices drop as US inventories jump fuels worries Oil prices extended losses today as a much bigger-than-expected surge in the US crude inventories and anticipation of further interest rate hikes sparked concerns over … Business • 15 Feb
Oil prices fall on US crude reserve release Oil prices fell today after the US government said it would release more crude from its Strategic Petroleum Reserve (SPR) as mandated by lawmakers, defying … Business • 14 Feb
Russia says gas exports sank in 2022 but oil up Russia said today that its gas exports plummeted by 25% in 2022 after the Ukraine conflict brought turmoil to Moscow's ties with key buyers in … Business • 13 Feb
Oil prices firm on China demand optimism Oil prices rose more than 1% today on expectations demand will strengthen as top oil importer China reopens its economy and on positive US economic … Business • 26 Jan
Oil dips $1 on global economic concerns Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in US oil inventories were offset by hopes … Business • 24 Jan
Oil prices hit two-week highs Oil prices rose to their highest in two weeks today after China posted weak but expectation-beating annual economic growth data and on hopes that a … Business • 17 Jan
Oil prices slide 2% as dollar firms Oil prices slid about 2% today as traders worried about the fuel demand outlook due to a stronger dollar and further interest rate hikes by … Business • 15 Dec 22
Oil prices fall as data raises US interest rate worries Oil prices pared gains today, following US stock markets lower, after US service sector data raised worries that the Federal Reserve could continue its aggressive … Business • 05 Dec 22
OPEC+ seen heading for oil policy rollover OPEC+ is likely to stick to its current oil output target when it meets on Sunday, according to OPEC+ sources, although some say a further … Business • 02 Dec 22
Oil up as OPEC+ focus on cuts offsets recesssion woes Oil rose today after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing … Business • 22 Nov 22
Europe rushes to fill up on Russian diesel before ban European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited. Business • 21 Nov 22
Oil giant BP made $8.2bn profit in its third quarter BP has revealed its profits more than doubled for the past three months amid ratcheting calls for stiffer windfall taxes for energy producers. Business • 01 Nov 22
Oil rises on strong crude demand Oil rose today, extending a rally of nearly 3% in the previous session, as optimism over record US crude exports and signs that recession fears … Business • 27 Oct 22
Shell reports $9.5 billion quarterly profit Shell has today reported a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, and … Business • 27 Oct 22
World is in its first truly global energy crisis - IEA Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly … Business • 25 Oct 22
Oil steadies as rate hike talk offsets China demand Oil steadied today as investors weighed the impact of sharp interest rate rises on energy consumption, offsetting hopes of higher Chinese demand and output cuts … Business • 21 Oct 22
Oil prices claw back losses from 9-month lows Oil prices hit nine-month lows today before recovering to stand higher on the day in choppy trade, as recession fears and a strong dollar spooked … Business • 26 Sep 22
Oil prices plunge 4% with recession fears in focus Oil prices dumped today to trade at levels not seen since January as the dollar index hit its strongest level in two decades and on … Business • 23 Sep 22
Oil falls over 2% on demand fears and strong dollar Oil fell by more than 2% today, pressured by expectations of weaker global demand and by US dollar strength ahead of possible large increases to … Business • 19 Sep 22
How Equinor exited Russia - move fast, sell cheap Norway's Equinor became the first Western oil major to fully exit Russia this month, avoiding the high-profile clashes with Moscow experienced by some rivals - … Business • 14 Sep 22
Oil prices stabilise on IEA demand outlook Oil prices stabilised today, after dropping by more than $1 earlier in the session, following signs of bullish demand in an International Energy Agency (IEA) … Business • 14 Sep 22
