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Oil prices rise with US demand increase, Gaza cease-fire talks cap gains

Oil prices rise with US demand increase, Gaza cease-fire talks cap gains

- Israeli Prime Minister says progress on cease-fire depends on Hamas's response while US administration hopes to finalize deal this week

10:18 Oil

Oil sees weekly rise as cold weather boosts demand, supply concerns persist

Oil sees weekly rise as cold weather boosts demand, supply concerns persist

- Reduced supply from Russia and OPEC members and higher demand caused by cold weather raise prices

10.01.2025 Oil

Oil down amid economic slowdown in China, weaker US demand outlook

Oil down amid economic slowdown in China, weaker US demand outlook

- Lower-than-expected drop in US crude oil inventories suggest demand in world's largest oil consuming country weakened, influencing downward price movements

09.01.2025 Oil

Trump vows to revoke Biden offshore drilling ban

Trump vows to revoke Biden offshore drilling ban

- 'Banning offshore drilling will not stand. I will reverse it immediately,' US president-elect says, 1 day after ban announced by outgoing leader

08.01.2025 General

Oil prices disappoint investors expecting a price hike in 2024

Oil prices disappoint investors expecting a price hike in 2024

- Brent oil starts 2024 at elevated levels amid Middle East conflicts, ends year with a decline of around 3.6%, weighed down by mounting economic concerns

07.01.2025 Oil

Biden bans offshore oil, gas drilling in most federal waters

Biden bans offshore oil, gas drilling in most federal waters

- US president's executive action will ban new oil and gas leasing across 625 million acres of US ocean

07.01.2025 Natural Gas Oil

Oil prices rise amid optimism on US and China economic activity

Oil prices rise amid optimism on US and China economic activity

- Oil prices climb on optimism about economic growth in US and China, boosted by demand expectations and lower US crude stocks

03.01.2025 Oil

Oil prices rise amid strong demand outlook in US and China

Oil prices rise amid strong demand outlook in US and China

- Chinese economy rebounds, on an upward trajectory, China's President Xi Jinping says

02.01.2025 Oil

Oil falls as Fed adopts cautious stance on future rate cuts, strengthening dollar

Oil falls as Fed adopts cautious stance on future rate cuts, strengthening dollar

- Concerns that demand will decline in China, world's largest oil importer, continue to pressure prices

20.12.2024 Oil

Oil prices up with US inventory drawdown, Fed rate cut

Oil prices up with US inventory drawdown, Fed rate cut

- Economy continues to grow at steady pace, labor market conditions ease, Fed says following decision to reduce rates by 25 basis points

19.12.2024 Oil

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Oil prices up with fresh EU sanctions on Russia

Oil prices up with fresh EU sanctions on Russia

- Sanctions include ban on shipping crude oil and some oil products transported by sea from Russia to EU

12.12.2024 Oil

OPEC daily crude output up 0.5% in Nov.

OPEC daily crude output up 0.5% in Nov.

- Global oil demand growth forecast for 2024 is revised down by 210,000 bpd, from previous month's assessment

11.12.2024 Oil

Oil prices up with China demand hopes

Oil prices up with China demand hopes

- China calls for more active budget and moderately loose monetary policy for next year

11.12.2024 Oil

US energy agency lowers crude oil price forecasts for 2025

US energy agency lowers crude oil price forecasts for 2025

- International benchmark Brent crude estimated to average $73.58 per barrel next year

11.12.2024 Oil

Oil up with geopolitical upset in Middle East

Oil up with geopolitical upset in Middle East

- China's exports slow in November, amid expectation that US President-elect Trump will increase tariffs when he takes office in January

10.12.2024 Oil

OPEC+ extends oil output cut until end of 2026

OPEC+ extends oil output cut until end of 2026

- Additional voluntary output cut of 2.2 million barrels per day to be gradually eased from April 2025

05.12.2024 Oil

Oil up with threat of intense warfare in Mideast, weaker dollar

Oil up with threat of intense warfare in Mideast, weaker dollar

- Israeli army has instruction to prepare for a violent war in case of a serious violation of cease-fire agreement, Israeli premier says

29.11.2024 Oil

Oil prices up with US demand surge, weaker dollar

Oil prices up with US demand surge, weaker dollar

- Cease-fire agreement reached between Lebanon and Israel came into force early Wednesday, easing supply concerns

27.11.2024 Oil General

'Türkiye key to EU’s strength in Trump’s 2nd term'

'Türkiye key to EU’s strength in Trump’s 2nd term'

- Europe needs new energy and trade strategies, says chairman of European Turkish Trade and Investment Council

27.11.2024 General

Oil prices slide amid lingering US inflation worries

Oil prices slide amid lingering US inflation worries

- Oil prices jump nearly $3 as Equinor halts output at Western Europe’s largest field

19.11.2024 Oil

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Oil prices down as supply fears ease

Oil prices down as supply fears ease

- Reports from IEA and EIA highlight rising global oil production and possibility of oversupply, alleviating market concerns

15.11.2024 Oil

US energy agency increases crude oil price forecasts for 2024, 2025

US energy agency increases crude oil price forecasts for 2024, 2025

- EIA estimates international benchmark Brent crude to average $80.95 per barrel in 2024 and $77 in 2025

14.11.2024 Oil

Oil fall ahead of Powell's Economic Outlook Speech

Oil fall ahead of Powell's Economic Outlook Speech

- Oil prices down ahead of Powell's speech, with inflation concerns offset by a drop in US crude stocks

14.11.2024 Oil

OPEC daily crude output up 1.9% in Oct.

OPEC daily crude output up 1.9% in Oct.

- Global oil demand growth forecast for 2024 is revised down by 107,000 bpd, from previous month's assessment

12.11.2024 Oil

Bitcoin nears $90,000 level, hits record levels

Bitcoin nears $90,000 level, hits record levels

- Price of largest cryptocurrency sees low of $80,800 and high of $89,900 over last 24 hours

12.11.2024 General

Oil prices fall with demand concerns over China's insufficient stimulus plan

Oil prices fall with demand concerns over China's insufficient stimulus plan

- Experts say China's latest stimulus plan falls short in meeting investor expectations, while market players question how new stimulus package will affect oil prices

12.11.2024 Oil

Trump selects former Republican lawmaker to lead US Environmental Protection Agency

Trump selects former Republican lawmaker to lead US Environmental Protection Agency

- Lee Zeldin 'will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses,' says incoming president

12.11.2024 General

Trump's victory shifts focus to US climate, trade policies

Trump's victory shifts focus to US climate, trade policies

- Second term under Donald Trump could hinder efforts to fight climate crisis amid trade tensions with China, Europe

08.11.2024 Energy Diplomacy International Organization

Trump thanks Americans for 'being elected 47th president'

Trump thanks Americans for 'being elected 47th president'

- 'This is a magnificent victory for the American people that will allow us to make America great again,' says Republican presidential candidate

06.11.2024 General

Oil prices on track for weekly climb as Israel-Iran tension heightens

Oil prices on track for weekly climb as Israel-Iran tension heightens

- Possible ceasefire talks in Qatar lower supply concerns among market players

25.10.2024 Oil

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