Category Archive

Energy Market

Oil prices reverse losses, gain on tight supply concerns

Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession.

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Oil prices climb above $120 a barrel ahead of EU meeting on Russia sanctions

Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.

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OPEC+ set to stick to modest oil output rises amid price rally

OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions while stressing its worries over the demand outlook due to new COVID lockdowns in China.

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Oil prices jump again on Russia-Ukraine fears, as IEA calls for cut in energy usage

Oil prices jumped even higher on Monday after Russia-Ukraine talks appeared to yield no sign of progress, and markets continued to fret over tight supply — sparking a call by the International Energy Agency to reduce oil demand.

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Oil gains as Russia-Ukraine talks stall

Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to oil supply.

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Traders ramp up bullish bets in U.S. oil options as prices soar

Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude’s rally will persist, according to analysts and exchange data.

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Analysis: Oil’s journey from worthless in the pandemic to $100 a barrel

In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak – all but condemning his company’s core business to eventual obscurity.

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Oil climbs as Russia-Ukraine crisis escalates

Oil prices jumped more than $2 on Tuesday on supply disruption worries as tensions between Russia and Ukraine escalated, after Moscow ordered troops into two breakaway regions in eastern Ukraine.

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Oil slips on Ukraine summit plan and prospect of Iran nuclear deal

Oil prices fell on Monday on a plan for U.S. President Joe Biden and Russia’s Vladimir Putin to hold a summit on the Ukraine crisis and on prospects of a nuclear deal between Iran and world powers in the next week or two.

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Oil headed for weekly fall, prospect of Iran deal stokes fears of extra supply

Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion of Ukraine.

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