28.9 C
Karachi
Friday, March 29, 2024
HomeTagsCrude

Tag: Crude

Oil prices fall 3% on recession fears

Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, the prospect of central bank interest...

Oil falls by over $3 on inflation woes, Iraq exports

Oil prices fell by more than $3 a barrel on Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand,...

Oil falls after US gasoline inventories unexpectedly surge

Brent crude eased 36 cents, or 0.6%, to $62.80 a barrel by 0136 GMT. U.S. oil fell 38 cents, or 0.6%, to $59.39 a barrel.

Oil prices rise on stronger economic outlook, US stockpile draw

Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel by 0123 GMT while U.S. West Texas Intermediate crude for May was up 32 cents, or 0.5%, to $59.65.

Oil rises on expectations OPEC+ will maintain supply discipline

Brent crude futures rose 15 cents, or 0.2%, to $64.29 a barrel at 0202 GMT, after falling 1.3% on Tuesday.

Oil prices extend gains after US inventory drop

Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories.

BP aims to sell more US crude to Asia, boost LNG supplies in early 2020s

Oil major BP plans to sell more U.S. crude to Asia as its shale oil production grows, seeking to capitalize on growth in the world’s key demand region

Oil claws back some losses; US crude set for steepest fall in a year

AMSTERDAM: Oil prices rose 1 percent on Thursday, clawing back some of the losses made a day earlier, but US crude is on track...

Tired of cheap oil, Saudis eye price boost to drive Aramco IPO

DUBAI/LONDON: Two years after triggering an oil price war, Saudi Arabia has seemingly had enough of cheap crude amid budget pressures, fear of a...

Oil prices extends slide on worries about impact of Brexit

SINGAPORE: Oil prices suffered fresh losses in Asian trade Monday as the fallout from last week's decision by Britain to leave the European Union batters confidence and ushers in a period of uncertainty.

Oil prices fall with world markets, stockpiles data eyed

SINGAPORE: Oil prices fell more than one percent in Asia Tuesday, extending a sell-off on speculation about a pick-up in production while world markets are rattled by fears over Britain's possible exit from the European Union.

Oil prices fall back below $50 as economic concerns rise

SINGAPORE: Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.

Oil nears $50 as US inventories fall

SINGAPORE CITY: Oil prices edged towards $50 a barrel in Asia Wednesday after a larger-than-expected dip in US stockpiles resulting from wildfires that have disrupted oil production in Canada.

Oil turns higher but supply concerns, stronger dollar weigh

SINGAPORE: Oil turned higher in Asia Wednesday, but the US benchmark remained below $44 a barrel as a pick-up in the dollar and rising Iranian crude production limited gains, while traders await the release of inventories later in the day.

Oil prices extend losses as output freeze hopes fade

SINGAPORE: Oil prices tumbled further in Asia Tuesday on dwindling hopes that key producers will reach an agreement to freeze output when they meet this month to discuss a global supply glut.

Oil back below $40 as Iran dashes hopes for quick deal on output

LONDON: Oil fell around 3 percent on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment over a supply glut that has sent prices crashing.

Oil prices fall in Asia but Brent stays above $40

SINGAPORE CITY: Oil prices dipped in Asia Tuesday but Brent crude stayed above $40 a barrel, as traders took profits after solid gains over the past three weeks.

Oil prices recover ahead of Iran-Iraq talks

SINGAPORE: Crude prices recovered in Asia Wednesday ahead of a meeting between the Iranian and Iraqi oil ministers following a Saudi Arabia-Russia agreement to freeze output.

Obama to seek new tax on oil in budget proposal

WASHINGTON: U.S. President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday.

Oil prices dip after rally

LONDON: Oil prices dipped Monday as the rally sparked by prospects of a cut to the global supply glut faded.

BREAKING NEWS

MUST READ