Oil toils: Crude prices tumble as global banking chaos triggers recession fears March 20, 2023 Both major oil benchmarks have plummeted in this morning's trading, with investors spooked over the instability in the banking sector.
Oil prices show signs of recovery after banking crisis subsides and commodity investors reassured March 17, 2023 Oil prices suffered their biggest weekly falls since December as a banking crisis rocked financial markets and spooked investors.
Oil markets stabilise after Credit Suisse crisis sank prices to a15-month low March 16, 2023 Oil markets have calmed after sliding to 15-month lows yesterday, with tensions easing after Credit Suisse was given a £45bn emergency loan.
Oil demand set for huge boost from China with 2023 to end ‘with a bang’, says IEA March 15, 2023 The IEA says oil demand is edging up slowly but is set for a huge boost from resumed air travel and China's economic reopening.
OPEC forecasts boost in China oil demand after SVB collapse sparks crude price tumble March 14, 2023 Chinese demand should bolster the oil market, even as crude prices tumble following the collapse of Silicon Valley Bank, says OPEC.
Oil prices: Why black gold could spike on flagging OPEC supply levels March 13, 2023 Oil prices will be supported by the combination of strong demand this year and flagging OPEC production levels, Investec predicts.
Oil suffers biggest drop in five weeks as Federal Reserve signals more interest rate hikes March 10, 2023 Oil is heading for its biggest weekly loss in five weeks, fuelled by investor fears over steep interest rate hikes in the US.
Tullow Oil’s shares tumble as company stays cautious over output March 8, 2023 Tullow Oil has kept its forecasts for steady output and lower cash flow this year, sending its shares lower on the London Stock Exchange.
OPEC+ decisions not politicised, Saudi energy minister insists February 20, 2023 Decisions by OPEC+ are not politicised, argued Saudi Arabian energy minister Prince Abdulaziz bin Salman.
Oil prices to stay high this year on China reopening and OPEC output snags, experts predict February 19, 2023 Oil prices will be propped up this year by rebounding demand from China alongside tightening supplies into Europe and OPEC's capacity issues.