Oil prices increased on Friday, with benchmark contracts headed for a weekly climb as recession fears ease, though an uncertain demand outlook capped gains.
Brent crude futures rose 23 cents, or 0.2%, to $99.83 a barrel, while US West Texas Intermediate crude futures climbed 3 cents to $94.37 a...
OPEC and its nine allies posted their highest monthly crude oil production rise in five months ending July, led by gains in Saudi Arabia and Kazakhstan, the latest Platts survey by S&P Global Commodity Insights showed.
The OPEC+ alliance hiked output by a hefty 490,000 barrels per day from...
Oil prices eased on Wednesday after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in check.
Brent crude futures fell 23 cents, or 0.2%, to $96.08 a barrel, Money.usnews.com reported.
US West...
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including global recession concerns.
The market will remain in unsustainable deficits at current prices and...
Gachsaran Petrochemical Plant in Kohgilouyeh-Boyerahmad Province is in its final stages of construction by Iranian experts and engineers, with help from knowledge-based companies, managing director of the National Petrochemical Company said.
“One of the most important links in the completion of...
Oil prices bounced higher from multi-month lows on Monday, as investors' appetite improved following data on US jobs and Chinese exports that eased recession concerns.
Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel. US West Texas Intermediate crude was at $89.76 a barrel, up...
Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting of OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar.
Brent crude futures were last down 38 cents, or 0.4%, at $100.16 a barrel. West Texas...
Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on demand outlook, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.
Brent crude futures were down 82 cents, or 0.8%, at $103.15 a...