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Oil slips as US debt caution offset supply concerns

SINGAPORE: Oil prices slipped on Monday as caution around the US debt ceiling talks and concerns about demand recovery in China offset support from...

Oil steady as demand worries face tight supply outlook

Oil prices were steady on Wednesday after a surprise rise in US crude inventories stoked demand concerns as economic worries competed with a tighter...

Oil falls as economic concerns offset prospect of tighter supplies

SINGAPORE: Oil prices slipped on Monday as concerns about fuel demand in top global oil consumers the United States and China offset bullish sentiment...

Oil climbs almost 3% as recession fears begin to fade

Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view that crude's recent price slide was overdone...

Oil rises but on track for third week of losses due to demand worries

Oil prices rose in Asian trade on Friday, but were poised for a third straight week of losses after markets witnessed dramatic drops on...

‘Saudi economy edging closer to reducing dependence on oil’

Government-led reforms and the growth of private investment in new sectors will help support non-oil economic growth in Saudi Arabia amid an expected sharp...

Norway’s oil fund to vote against climate resolution at BP

OSLO, April 22: Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution...

OPEC cites risks to summer oil outlook

OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to shock output target cuts announced by OPEC+ producers...

Oil prices jump in blow to global inflation hopes

Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for...

Russia says it has rerouted all oil exports

Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to "friendly" countries, Energy Minister Nikolai Shulginov said on...

Oil falls as US holds off refilling strategic reserve

Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum...

Oil dips after Fed comments, US crude stock build

SINGAPORE: Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the...

Oil steady as surprise U.S. crude draw counters rate hike jitters

Oil prices steadied on Wednesday as industry data showed an unexpected draw in U.S. crude oil inventories, after the market tumbled in the previous...

Oil stabilises as surprise US crude draw offsets rate hike jitters

Oil prices steadied in early Asian trade on Wednesday as industry data showed a draw in U.S. crude oil inventories, after the market tumbled...

Oil holds gains on China rebound

SINGAPORE: Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic...

Oil gains as Russian supply cuts temper concerns over rate hikes

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United...

Russia plans deep March oil export cuts

Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in...

Oil steadies as investors await US Fed Reserve comments

Oil prices were steady on Wednesday as investors await the US Federal Reserve's comments after recent data pointed to the possibility of more interest...

Russia to cut oil output by 500,000 bpd in March

Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said...

Oil rises on China outlook, supply worries after Turkey earthquake

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following...
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