Oil set for weekly gain despite price dip on demand woe Oil prices fell today, held down by recession fears clouding the demand outlook, but remained on track for a weekly gain. Business • 12 Aug
Oil prices fall on recession fears Oil prices rose today, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears … Business • 05 Aug
Oil prices fall on economic concerns Oil prices fell today, pressured by concerns economic weakness in the US and Europe would cut demand, but prices seesawed as the market also considered … Business • 04 Aug
Oil prices extend gains on weak dollar and tight supply Oil prices have extended gains, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 … Business • 18 Jul
OPEC forecasts slower oil demand growth in 2023 OPEC forecast that world oil demand will rise further next year, but at a slightly slower rate than in 2022, with consumption supported by better … Business • 12 Jul
OPEC secretary general Barkindo dies unexpectedly The Secretary General of the OPEC oil cartel, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, the Nigerian National Petroleum Corporation said … Business • 06 Jul
Oil falls 2% on uncertainty over future OPEC+ output Oil prices sank about 2% today as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, … Business • 30 Jun
Oil prices rise for fourth day on supply worries Oil prices gained for a fourth session in a row today with tight supply worries offsetting concerns about a weaker global economy. Business • 29 Jun
Oil rises after US crude drawdowns, supply tightness Oil prices edged higher today after US crude inventories fell more than expected amid high demand for fuel and OPEC+ agreed to boost crude output … Business • 02 Jun
Oil up on EU's Russian oil ban, end of Shanghai curbs Oil prices firmed today after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its Covid-19 lockdown … Business • 01 Jun
OPEC cuts 2022 oil demand forecast again on Ukraine war OPEC has today cut its forecast for growth in world oil demand in 2022 for a second month in a row, citing the impact of … Business • 12 May
OPEC+ supply gap widens in March OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by the … Business • 19 Apr
Not possible to replace potential Russia oil loss: OPEC OPEC told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would … Business • 12 Apr
Oil rises on Russian oil production constraints Oil prices climbed today as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to replace potential … Business • 12 Apr
Biden to release of 1m barrels of oil a day President Joe Biden has launched the largest release ever from the U.S. emergency oil reserve and challenged oil companies to drill more in an attempt … Business • 31 Mar
Oil prices jump again as EU considers Russian oil ban Oil prices soared more than 6% today, with global benchmark Brent crude climbing above $115 a barrel, as European Union nations considered joining the United … Business • 21 Mar
Oil soars as Russian energy supply fears intensify Oil prices jumped today as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause … Business • 28 Feb
Oil hits seven year highs before easing Oil eased today from its highest in more than seven years as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the … Business • 14 Feb
Oil extends gains above $90 as winter storm hits US Oil prices climbed today, extending sharp gains in the previous session as frigid weather swept across large swathes of the US, threatening to further disrupt … Business • 04 Feb
Oil takes a breather as OPEC+ sticks to output plans Oil prices eased today following weak US payrolls data and some profit-taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate … Business • 03 Feb
OPEC+ sticks to planned output rises despite oil rally Oil prices were steady today as investors waited for the outcome of an OPEC+ meeting and official US data on crude and product inventories to … Business • 02 Feb
Oil slips below $89 on speculation of faster OPEC+ hike Oil prices slipped today, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting … Business • 01 Feb
Oil heads for sixth weekly gain amid supply concerns Oil prices rose today, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Business • 28 Jan
Oil prices slip as China cuts import quotas Oil prices eased today after the world's top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of US … Business • 30 Dec 21
Oil rises on easing Omicron fears and Iran delay Oil prices rose nearly $2 today, extending the previous day's almost 5% rebound as concerns over the impact of the Omicron coronavirus variant on global … Business • 07 Dec 21
