Browsing: Oil Prices

Crude prices soared to $86 per barrel on Monday, hitting a four-month high, with industry experts attributing the surge to China’s strong economic data and Ukraine’s drone attacks on Russian oil refineries.

MOSCOW, March 18. /TASS/. Brent oil futures with the settlement in May surged to $87 per barrel at the London-based ICE for the first time since November 3, 2023, according to trading data.

Brent crude oil futures were down 45 cents or 0.6% to $84.83 a barrel at 1155 GMT, a day after topping $85 a barrel for the firs

CAIRO: The International Monetary Fund said on Sunday that larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal and external accounts. 

“Iraq needs to increase non-oil exports and government revenue, and reduce the economy’s vulnerability to oil price shocks,” they said in a concluding statement

SINGAPORE: Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+ decision on supply agreements for the second quarter amid differing demand indicators for key consumers US and China, according to Reuters.

SINGAPORE: Oil prices fell on Friday after a US Federal Reserve official said interest rate cuts should be delayed at least two more months, but indications of healthy demand and concerns over supplies could boost prices in the coming days, according to Reuters.

SINGAPORE: Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the US stoked worries that sticky inflation and higher interest rates would limit fuel consumption growth, according to Reuters.

NEW DELHI: Oil prices stalled on Friday over a forecast of slowing demand by the International Energy Agency after gaining in the previous session on weak US retail sales data that sparked optimism that the Fed might cut interest rates sooner than expected.

MOSCOW, January 16. /TASS/. The price of Brent and WTI crude oil futures with March on London’s ICE reacted with a decline to the news that the Houthis from the Yemeni rebel movement Ansar Allah confirmed an attack on the bulk carrier Zografia off the coast of Yemen.