Browsing: oil

MOSCOW, May 3. /TASS/. The price of futures contracts of Brent crude oil for July delivery has dropped below $83 per barrel on London’s ICE for the first time since March 13, according to trading data.

LONDON – Oil prices edged higher on Friday, but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a sell-off limited by the prospect OPEC+ will continue to curb output.

The tightening of petroleum supplies and depletion of inventories widely anticipated at the start of the year has failed to materialise so far

The suspension of oil exports in Yemen continues to weigh on the country’s economy, the International Monetary Fund (IMF) said on Thursday.

The sale of ExxonMobil’s Nigerian petroleum assets to Seplat could be approved in less than two weeks, Nigeria’s oil regulator told Reuters on Thursday.

TOKYO: Saudi Arabia and the UAE provided 85 percent of Japan’s total crude oil needs in March, according to the Agency of Natural Resources and Energy of the nation’s Ministry of Economy, Trade and Industry.

AMMAN — The Ministry of Energy’s fuel pricing committee on Tuesday decided to increase the prices of diesel, unleaded 90- and 95-octane gasoline, while maintaining the price of kerosene for May.

RIYADH: Saudi Arabia’s real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government’s statistical authority showed on Wednesday, as a decline in oil activities continued to hurt overall growth.

SINGAPORE: Oil edged down on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanding conflict in the Middle East, while worries about the outlook for US interest rates dragged on the market, according to Reuters.

LONDON: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top US official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East, according to Reuters.