Oil markets confirm massive quarterly gains as OPEC+ sustain hefty supply cuts October 1, 2023 Oil markets have consolidated massive rallies over the third quarter of this year, powered by hefty output cuts from OPEC and its allies.
FTSE 100 close: London’s bluechip index climbs into green as oil continues upward march to $100 September 28, 2023 BP and Shell both recorded gains as oil prices climbed to around $97.
Oil prices rise on US crude draws, tight global supply and Rosebank announcement September 28, 2023 Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies. Brent crude LCOc1 futures climbed 16 cents to $96.71 a barrel by 0001 GMT. U.S. West Texas Intermediate crude futures (WTI) rose [...]
Rising oil prices won’t derail fight against inflation, experts reckon September 28, 2023 Inflation is likely to continue on its downward trajectory despite a recent surge in oil prices, experts told City A.M.
Oil prices hold firm as Russia puts more pressure on supplies September 25, 2023 Oil markets have stabilised in this morning's trading, with consolidating historic price gains on both major benchmarks.
Oil prices climbs above $95 per barrel as weak US output worsens supply woes September 19, 2023 Oil prices are within touching distance of the $100 milestone, after underwhelming levels of shale production in the US.
Oil prices continue rally amid OPEC cuts with $100 per barrel in sight September 18, 2023 Oil markets have consolidated last week's hefty gains, with growing expectations of a widening supply deficit this year.
G7 price cap restrains Russian oil revenues but Kremlin still finding buyers September 6, 2023 Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.
Seven week oil rally ends as demand concerns in China sees prices stall August 20, 2023 This year's longest rally in oil prices has finally stalled, with both benchmarks faltering for the first time since swingeing OPEC cuts.
Oil price rally unlikely to hit $100 per barrel milestone this year, experts say August 14, 2023 Oil prices are unlikely to hit $100 per barrel this year despite a seven-week rebound and tightening supplies this year, experts predict.