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Oil prices

  • Oil markets await new signals as demand fears offset supply cuts

    July 3, 2023

    Oil prices have barely moved this morning, with concerns over demand growth offsetting expectations of tighter supplies later this year.

  • Oil markets suffer four quarters of losses as concerns grow over China slowdown

    June 30, 2023

    Oil markets are on the verge of a year-long slide in prices with a fourth consecutive quarter of losses.

  • Vitol and Gunvor rake in Russian oil profits a year after Ukraine invasion

    June 27, 2023

    Energy traders Vitol and Gunvor are still buying refined Russian oil, despite pledges to cut ties with Kremlin-backed suppliers.

  • China and India fuel record high coal prices despite falling US and EU usage

    June 26, 2023

    Coal prices climbed to record levels last year driven by rising demand across Asia, according to a new report on global energy trends.

  • Oil continues two month downturn as recession fears weigh on prices

    June 23, 2023

    Oil prices has resumed their two-month long downturn - driven by demand concerns - with both major benchmarks sliding for a second day.

  • Oil prices rebound as the Fed commits to inflation battle

    June 22, 2023

    Oil prices are rising amid a sustained hawkish approach from the Federal Reserve raising hopes of an economic revival in the US.

  • Iran supply glut could weigh down oil prices, predict experts

    June 20, 2023

    An unexpected influx of oil supplies from Iran could help further weigh down prices, amid a market downturn from China.

  • Starmer fails to appease North Sea industry amid fears of investment cliff edge

    June 20, 2023

    Keir Starmer's decision to honour oil and gas permits issued under the Conservative government failed to win over the North Sea industry

  • Oil prices stuck between global economic woes and China’s resurgence

    June 16, 2023

    Oil prices have steadied today, with both major benchmarks on course for a modest weekly gain after a sustained slump.

  • Oil prices drop below $70 per barrel as investors fear further Fed rate hike

    June 12, 2023

    Oil prices have fallen as investors fear further rate hikes from the Federal Reserve this week, when it meets to discuss interest rates.

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