Oil prices slid more than 1% on Monday after Chinese data showed that demand from the world's largest crude importer remained lackluster in September as strict Covid-19 policies and fuel export curbs depressed consumption.
Brent crude futures for December settlement slid $1, or 1.1%, to $92.50 a...
France is pulling out of a 1994 treaty that had the effect of protecting investment in fossil fuels as Europe retools toward a greener future, French President Emmanuel Macron said.
“France has decided to withdraw from the Energy Charter Treaty,” he told a news conference in Brussels after an EU...
Oil slipped on Friday and was heading for a second weekly decline, as investors weighed the impact of sharp interest rate rises on energy consumption, offsetting hopes of higher Chinese demand and output cuts by OPEC and its allies.
To fight inflation, the US Federal Reserve is trying to slow...
Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China.
Brent crude futures for December settlement rose 22 cents, or 0....
OPEC+ member states lined up on to endorse a steep production cut agreed this month after the White House, stepping up a war of words with Riyadh, claimed Saudi Arabia had pushed some other nations into the move.
Iraq, OPEC's second largest exporter, said the decision was based on economic...
Oil prices reversed earlier losses and inched up in Asian trade on Friday, supported by a weaker US dollar and falling diesel inventories, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production.
Brent crude futures rose 31 cents, or 0.3%, to $94.88 per...
Oil prices fell for a third straight session on Wednesday, as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening Covid-19 curbs in China.
Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel. US West Texas Intermediate crude was at $88....
The decision by the Organization of Petroleum Exporting Countries and allies last week to cut oil production has spurred a flurry of activity in the options market, with more US bettors opting for a bearish stance, data from CME Group showed.
OPEC+, as the group is known, decided on Wednesday to...
Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world's biggest crude importer, reignited concerns about falling global fuel demand.
Brent crude futures for December settlement fell by as much as 1.1%,...
Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels per day, for its biggest reduction since the pandemic, in a bid to support the market.
Brent crude futures rebounded $2.36, or 2.8%, to $87.50 a barrel, after settling...