Oil and Gas

Demand fears drive oil prices. Nymex below $70 a barrel

And at 0452 GMT, Brent crude futures fell 66 cents, or 0.9%, to $73.51 a barrel, and West Texas Intermediate crude futures lost 61 cents, or 0.9%, to $69.42 a barrel, according

May 15, 2023

News

European sanctions expected against Russia… and eye on the “shadow fleet”

At the end of the week, representatives of the 27 member states met to discuss the technical aspects of the sanctions package, at a time when Western reports revealed there was little

May 13, 2023

News

Oil erases early gains, pressured by US debt ceiling concerns

After gains of half a percentage point at the start of the Asian session, Brent crude oil futures fell 39 cents, or 0.5%, to $74.59 a barrel at 0253 GMT. U.S. crude

May 12, 2023

News

Strong demand for fuel in America pushes up oil prices

The latest U.S. data showed consumer prices rising in April, raising the possibility that the Federal Reserve (the U.S. central bank) will keep interest rates high, which could lead to reduced demand

May 11, 2023

Government and Politics·News

Oil prices fell in anticipation of Energy Information Administration data

A possible sign of weak demand, U.S. crude inventories rose about 3.6 million barrels in the week ending May 5, while gasoline inventories rose 399,000 barrels, according to data from the American

May 10, 2023

News

A state of caution dominates oil markets ahead of inflation data

Markets await U.S. consumer price inflation figures for April, due on Wednesday pending any indication of the next interest rate decision. The Federal Reserve raised interest rates last week by 25 basis

May 9, 2023

News

How Do “US Federal Reserve” Trends Affect Oil Prices?

In addition, the US Federal Reserve’s policy of raising interest rates continues, which is clearly reflected in oil prices, alongside strong market concern about the specter of recession looming over the US

May 5, 2023

News

Oil set to record longest streak of weekly losses in 2023

Despite today’s rise, US Nymex crude is still down around 10% this week after a four-day decline, and Brent crude is down nearly 9% over the week. Oil prices were hit by

May 5, 2023

News

Oil prices rebound after falling for 3 straight sessions

Prices fell this week amid signs of weak manufacturing growth in China, the world’s biggest oil importer, and after the United States, the world’s biggest oil consumer, raised interest rates to their

May 4, 2023

News

Turkey announces a huge oil discovery, and this is the size of its reserves

The NOC said on Wednesday it had drilled to a depth of 2,771 meters so far and found a light oil stockpile, with further exploration prospects in the area. She added that

May 4, 2023

News

Oil and Gas- Page 83

Demand fears drive oil prices. Nymex below $70 a barrel

European sanctions expected against Russia… and eye on the “shadow fleet”

Oil erases early gains, pressured by US debt ceiling concerns

Strong demand for fuel in America pushes up oil prices

Oil prices fell in anticipation of Energy Information Administration data

A state of caution dominates oil markets ahead of inflation data

How Do “US Federal Reserve” Trends Affect Oil Prices?

Oil set to record longest streak of weekly losses in 2023

Oil prices rebound after falling for 3 straight sessions

Turkey announces a huge oil discovery, and this is the size of its reserves

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Oil and Gas- Page 83

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