Oil down 1% on weak China GDP data, resumption of Libya output

OIL prices extended their decline into a second session on Monday after China's ... while Libya resumed production on the weekend. Brent crude futures fell 91 cents, or 1.1%, to $78.96 a barrel ... Read More

Oil falls below $82 on weak Chinese data, supply glut

Services sector growth in China ... nearly 13 percent from a year earlier, national oil regulator ANP said on Tuesday. Consistent supply from Libya and Iraq, where many expected production to ... Read More

Oil slides as easing supply concerns overshadow Middle East tensions

Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of escalation in the Middle East. Brent crude futures fell 36 cents, or 0.4%, to $82.97 a barrel ... Read More

Oil Falls More Than 1% on Easing Middle East Fears, Economic Concerns

0742 GMT – Oil prices fall more than 1% as fears of a broader conflict in the Middle East fade and the prospect of higher-for-longer ... the view that spare OPEC production capacity will come ... Read More

BP Profit Falls on Weaker Oil, Gas Trading; Misses Expectations

BP’s first-quarter profit was hit by lower oil and gas trading but it confirmed a $1.75 billion share buyback. Read More

Ceasefire talks drop oil more than $1

US crude oil prices ... bank’s May 1 monetary policy review. Investors were tentatively pricing a higher probability that the Fed could hike interest rates by a quarter percentage point this ... Read More

Crude Closes Higher on the Outlook for OPEC+ to Maintain Production Cuts

The recent strength of Chinese crude oil demand is bullish for prices. Last Monday's government data showed that China ... production in the week ending March 15 was unchanged w/w at 13.1 million ... Read More

Oil prices edge lower after Russia signals OPEC+ production rise possible

Oil futures edge lower as Russia indicates OPEC+ could consider raising crude output and Israel rejects a Gaza cease-fire proposal. Read More

Energy News

Jan. 29 (UPI) -- Oil prices were higher early Tuesday amid renewed concern about Venezuelan supplies but market worries about China ... or last week, and may remain flat. Energy News // 5 years ... Read More

Oil falls to further lows in April

@2024 - All Right Reserved. Read More

Palm oil falls to over one-week low on higher Indonesia, Malaysia supply

KUALA LUMPUR (Reuters) - Malaysian palm oil futures hit an over one-week low on Friday and logged a second straight weekly loss, hit by expectations of higher supply from major producers Indonesia ... Read More

FTSE 100 Falls On Weak Employment Data

The benchmark FTSE 100 was down 106 points, or 1.3 percent ... Similarly, Dr Martens plunged 30 percent after the shoemaker flagged a challenging 2025 outlook and announced the departure of ... Read More