Oil market shows signs of softening before key OPEC+ meeting
Ahead of the delayed OPEC+ meeting on Thursday, there are indications oil provide is beginning to run forward of demand, ...
Tag: Oil Market
Goldman Sachs raises brent oil forecast to $100 as rally builds
Goldman Sachs Group Inc. has rejoined the $100-a-barrel oil membership, elevating its forecast for crude oil again to triple digits ...
Crude oil drops as China’s imports in July decline
Crude oil futures traded marginally decrease on Tuesday morning as China reported a decline in imports throughout July elevating issues ...
IEA says oil price downturn ignores looming supply crunch
Weeks of declining oil prices on account of issues over a attainable recession conflict with the outlook for scarce supply ...
IEA’s faith in China’s recovery boosts crude oil prices
Crude oil futures traded increased on Monday morning because the International Energy Agency (IEA) reiterated that China will enhance the ...
Crude oil gains as dollar weakens, Xi Jinping assures steps to boost economy
After witnessing a major fall final week, crude oil futures traded greater on Monday morning following the easing of the ...
Crude oil futures trade lower amid discussions on Iran nuclear deal
Crude oil futures traded lower on Monday morning with the US discussing the revival of the 2015 Iran nuclear deal ...
Brent crude zooms to $123 a barrel as European Council agrees to ban Russian oil import
The benchmark Brent crude oil futures crossed $123 a barrel on Tuesday morning following European Union’s resolution to impose sanctions ...
Oil slips but heads for steady week on supply tightness
Oil prices trimmed overnight gains on Friday but were poised to end the week largely steady after rebounding from a ...
Oil falls $1 after OPEC+ agreement on boosting supply
Oil prices fell more than $1 a barrel on Monday, after the OPEC+ group of producers overcame internal divisions and ...