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IEA reduces oil demand growth forecast as prices climb amid rising Middle East tensions

The International Energy Agency reduced its prediction for 2024 oil demand growth, citing “exceptionally weak" OECD deliveries, a largely complete post-Covid-19 rebound and a...

Oil rises as Middle East worries offset US crude stock buildup

Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of...

Oil prices slip after OPEC+ extends voluntary oil output cuts until mid-year

Oil prices edged lower Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter in an effort to support...

Oil edges lower on signs of further build in crude sockpiles

Oil steadied after posting the largest drop in two weeks on signs of a US stockpile build coupled with weak technical indicators, Bloomberg reports. West...

Black Sea storm leaves half a million without power in Crimea

A Black Sea storm left half a million people without power in Crimea and halted crude loadings at Russia’s Novorossiysk and the CPC terminal,...

Oil spikes as hospital blast amplifies Middle East tensions

Oil prices surged nearly 2% on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza...

Russia reiterates plan to curb oil exports through december

Russia will maintain its 300,000 barrel-a-day cut in crude exports this month and reaffirmed plans to keep them curbed through the end of the...

Bulgaria set to ban Russian oil in blow to Lukoil refinery

Bulgarian lawmakers are set to vote Thursday on ending imports of Russian crude, bringing the country in line with other European Union members, according...

Oil prices climb on crude draw, tight global supply

US oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States...

Oil prices climb on expectations of lower OPEC+ exports in August

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand...
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