Browsing: Oil Prices

SINGAPORE: Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk of conflict escalating in the Middle East.

NEW YORK/SINGAPORE: Oil prices rose slightly on Friday but remained on track for a third straight week of declines due to weak demand in China, the world’s largest crude importer, and expectations of a ceasefire deal for the Gaza war and related violence in the Middle East.

TOKYO/SINGAPORE: Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in US inventories.

SINGAPORE: Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amidst expectations of plentiful supplies and weak demand, while brushing off the US presidential campaign upheaval, according to Reuters.

TOKYO: Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September, according to Reuters.

NEW YORK: Oil prices fell on Friday, putting them on track for a second weekly decline, as a strong dollar and mixed economic signals weighed on investor sentiment, according tot Reuters.

Kuwait’s oil GDP will rise by 0.9% quarter-on-quarter (QoQ) in the fourth quarter of 2024 and 4% year-on-year (YoY) in 2025 if its oil production is restored fully

World oil demand decelerated in the second quarter, with growth easing to 710,000 barrels per day year-on-year

SINGAPORE: Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns, according to Reuters.

Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as US employment and business data came in weaker than forecast