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Oil prices

  • Oil prices suffer weekly fall for first time in two months amid Iran-US talks

    February 18, 2022

    Oil prices are heading for a weekly fall for the first time in nearly two months, following further losses on both major benchmarks.

  • Gazprom’s oil arm revels in record profits as the West warns Russia about sanctions

    February 17, 2022

    Gazprom Neft has reported recorded profits while the West warns Russia of sanctions against key companies if it invades Ukraine.

  • Oil rallies stutter as US-Iran talks reach final stages

    February 17, 2022

    Oil prices have dropped this morning as talks to revive the aborted nuclear deal with Iran have progressed over recent days.

  • Oil slumps as Russian troops return to base and investors cash-in on market rallies

    February 15, 2022

    Profit taking from investors and reports of Russian troops pulling back from Ukraine's borders has weighed down oil prices.

  • Unprecedented: UK petrol prices hit staggering 148p per litre for the first time ever

    February 14, 2022

    The average UK petrol price per litre has surpassed 148p for the first time ever, breaking the record price levels for the third time this year.

  • Oil and gas rally as fears of Russia invading Ukraine rise

    February 14, 2022

    Energy commodities have responded resoundingly to reports from Washington that Russia could invade at "any moment".

  • Oil prices rally to seven year highs amid rising fears Russia will invade Ukraine

    February 12, 2022

    Oil prices rallied on Friday to fresh seven-year highs, with both benchmarks revived by escalating fears of a Russian invasion of Ukraine.

  • Oil settles around $90 amid looming expectations of US interest rate hikes

    February 11, 2022

    Oil prices are hovering at around $90 per barrel on both major benchmarks amid concerns over aggressive US interest rate hikes.

  • OPEC forecasts rising demand after failing to hit output targets

    February 10, 2022

    OPEC has revealed oil demand could rise even more steeply this year as the global economy recovers from the pandemic.

  • Oil prices stall amid talks of Iran-US deal

    February 9, 2022

    Oil prices are hovering around $90 per barrel on both major benchmarks as talks between Iran and the US weighed down prices.

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