Category Archive

Energy Market

Oil Steady After OPEC Says Reserves Release to Bloat Surplus

Oil was steady in Asia after OPEC said a planned coordinated release of reserves may swell a crude surplus expected early next year.

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Oil Steadies as Global Release of Strategic Reserves Underwhelms

Oil was steady after the biggest gain in two weeks following an announcement by the U.S. of a coordinated release of strategic reserves with other countries that fell short of expectations

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Oil Slides With Coordinated Strategic Reserve Release in Focus

Oil declined ahead of an expected announcement by the U.S. on a coordinated release of reserves, with OPEC+ warning that it may not restore as much crude to the global market if consumers go ahead with the move.

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Oil prices steady after falling on signs U.S. may release more reserves

Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States, spurred by climbing energy costs, may prompt the government to release more strategic crude stockpiles to drive down prices.

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Oil slips as Iran nuclear talks set to resume

Oil prices extended declines on Thursday after Iran and world powers agreed to resume nuclear talks this month that could lead to the removal of U.S. sanctions on Iranian oil, increasing global supplies.

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Oil falls after China releases reserves of gasoline, diesel

Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound long positions ahead of an OPEC+ meeting on Nov. 4.

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