Brent crude oil futures fell 0.5% to $79.01 a barrel, while the US West Texas Intermediate crude futures dropped 0.4% to $75.53 per barrel on Friday
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Oil prices regain $90 level
Crude prices declined on Monday amidst the new flare ups in the Middle East
Brent Crude
Oil prices firm on Tuesday morning hours trading
Indications of improved demand in China supported crude prices
Brent Crude
Oil prices rise in early trading on Friday
Brent crude futures rose 50 cents to $79.20 per barrel, while US West Texas Intermediate crude futures rose 40 cents to $74.22 per barrel
Brent Crude
Oil prices hit 6-month low on oversupply concerns
The crude market remained unimpressed even after the OPEC+ announced production cuts for 2024
Brent
Oil prices soar almost 6% after OPEC+ output cut
Major oil producers including Saudi Arabia and the UAE announced a surprise production cut of more than one million barrels per day on Sunday
Brent Crude
India’s Russian crude oil imports create another record in January
Iraq, Saudi Arabia, and the UAE also expanded their share of Indian imports in the month by one percentage point each
ADIPEC
OPEC predicts world economy to more than double by 2045
The global primary energy demand is also forecast to continue growing in the medium- and long-term, increasing by a significant 23 percent in the period to 2045, according to the 2022 edition of the World Oil Outlook by the oil producers body
Brent Crude
Opec+ agrees to slash output by 2 million barrels per day
US President Biden ‘disappointed by short-sighted decision’ by Opec+ that will limit supply and could see increased price at the pump in the US
Brent Crude
Oil climbs to highest peak since 2008, as Russia-Ukraine war enters Week 2
Brent crude continued its rally, jumping 5.3% to $118.86 a barrel, as trade disruption, supply chain issues, and sanctions on Russia over its war in Ukraine kept energy markets on edge
Abu Dhabi National Oil Company
UAE residents feel ripple effect of Russia-Ukraine conflict as fuel prices rise
The price of fuel, including petrol and diesel, in the UAE have climbed above AED 3 per litre including the 5% VAT, rising by 30 fils on average across the Special 95, Super 98, E-plus 91, and diesel options
Brent Crude
Oil steadies after two-day decline as investors assess outlook
Oil has slipped below its 100-day moving average, while the gap over the 50-day marker has widened, a bearish signal that may see further selling
Brent Crude
Oil heads for biggest monthly loss this year before OPEC+ meet
Organisation of Petroleum Exporting Countries and its allies will meet on Wednesday and are on course to restore another 400,000 barrels-a-day
Brent Crude
Saudi Arabia says OPEC+ has a role in containing inflation
Comments come as OPEC+ countries weigh whether to increase production further in the coming months
Brent Crude
Whispers of $100 oil return as crude shakes off coronavirus’s clasp
Following a hard downfall, oil prices are making their comeback
Brent Crude
Video: Resurgence of virus outbreak in China darkens oil demand outlook
Oil futures are now sliding, reversing strong gains in New York and trading below $38 a barrel. Fresh signs of a second wave of the coronavirus are causing some to doubt the oil market’s recovery.
Brent Crude
Video: How the US oil price fell below zero
Worries about the level of demand and lack of available storage capacity pushed the price of benchmark US crude oil prices below zero.