oil price

Oil drops as Russian price cap proposal eases tight supply fears

Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of Seven (G7) nations was considered higher than the current trading levels, alleviating concerns over tight supply.

November 29, 2022
November 29, 2022

5 news to follow on November 29

The theme of this week is rivalry. On one end we have, Brazil Argentina rivalry, and then there’s BNP and Awami League. Here’s a quick round-up of what’s happening around to get you all caught-up.

November 24, 2022
November 24, 2022

Oil drops as Russian price cap proposal eases tight supply fears

Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of Seven (G7) nations was considered higher than the current trading levels, alleviating concerns over tight supply.

November 23, 2022
November 23, 2022

Oil prices steady

Oil prices were steady on Wednesday as concerns about lower fuel demand from China amid tightening COVID-19 curbs offset data showing a larger-than-expected U.S. crude draw last week.

November 19, 2022
November 19, 2022

Oil slides 2% as supply fears recede

Oil dropped by about 2 per cent on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to US interest rates.

November 8, 2022
November 8, 2022

Oil prices fall as China demand, recession concerns outweigh supply woes

Oil prices fell on Tuesday as recession concerns and worsening Covid-19 outbreaks in China sparked fears of lower fuel demand, outweighing supply worries.

November 5, 2022
November 5, 2022

Oil settles up 5% as further interest rate hikes loom

Oil prices settled up by more than 5 per cent on Friday amid uncertainty around future interest rate hikes by the US Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some COVID restrictions supported markets.

October 31, 2022
October 31, 2022

Oil falls on China Covid curbs and weak factory data

Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country's widening Covid-19 curbs will curtail demand.

October 22, 2022
October 22, 2022

Oil prices settle up; China demand hopes outweigh recession worry

Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening US dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use.

October 15, 2022
October 15, 2022

Oil prices fall more than 3 per cent on recession worries

Oil prices plummeted more than 3 per cent on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target.

October 13, 2022
October 13, 2022

OPEC cuts 2022, 2023 oil demand growth view as economy slows

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.