Tag: global oil market
Oil Slides 1% After Trump Says Venezuela to Supply U.S.
Oil prices declined on Wednesday after U.S. President Donald Trump announced that the United States had agreed to import $2 billion worth of crude...
Oil Prices Rise 1% as Markets Weigh Venezuela Turmoil
Oil prices climbed by more than 1% on Monday as traders evaluated how recent U.S. actions in Venezuela could affect crude supply from the...
Saudi Aramco Slashes Crude Prices to 5-Year Low
Saudi Arabia has lowered the price of its main crude grade for Asian buyers to the lowest level in five years, reflecting growing signs...
Oil Prices Slip as Russia-Ukraine Peace Talks Drive Supply Expectations
Oil prices fell for a second straight session on Wednesday as traders waited for the outcome of Russia-Ukraine peace talks. Markets are watching closely...
Oil Slips on Big U.S. Inventory Build and Ukraine Peace Efforts
Oil prices fell during Asian trading on Thursday after official data revealed a much larger-than-expected increase in U.S. crude inventories. Hopes for progress on...
Oil Prices Slip on Oversupply Fears, U.S. Demand Cushions Drop
Oil Prices Slip 1% on Oversupply Fears, Strong U.S. Demand Limits Decline
Oil prices fell by 1% on Wednesday, pressured by growing concerns of a...
Oil Prices Climb as Russia Sanctions Spark Market Jitters
Oil prices moved higher on Thursday after falling for three straight sessions. Earlier declines had been driven by concerns over excess supply in the...
Oil Prices Slip as OPEC+ Plan Raises Fears of Supply Surplus
Oil prices fell on Tuesday as expectations of another OPEC+ production increase and the restart of crude exports from Iraq’s Kurdistan region pointed to...
Oil Gains $1 a Barrel as Kurdish Export Restart Faces Delays
Oil prices climbed more than $1 per barrel on Tuesday after hopes of restarting Kurdish oil exports stalled. The delay eased some investor worries...
Oil Slips as OPEC+ Considers Further Production Increase
Oil prices dropped around 2% on Wednesday as markets looked ahead to the upcoming OPEC+ meeting this weekend. The group is expected to discuss...
