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LIBYA SUPPLY DISRUPTION
Donald Trump shrugs off Hormuz amid shifting oil order, but US can’t 'strait' up ignore itDonald Trump on strait of Hormuz: America's oil exports are surging, filling global supply gaps. The US now produces more oil than it impor...
Oil prices flat at 78/bbl as Middle East conflict counters ample supply outlookBearish bets on oil have found some room to unwind this week amid mounting concerns over potential supply disruptions in the Middle East, a...
Oil edges up on Middle East conflict but supply outlook limits gainsOil prices rose marginally on Friday amid the Middle East conflict, with Brent crude reaching $77.71 and WTI at $73.79, both showing weekly...
Oil steady as smaller-than-expected US stock draw counters Libya supply disruptionOil prices remained mostly steady, impacted by a smaller-than-expected draw in U.S. crude inventories and concerns over China demand amid s...
Oil prices slip as recession fears rumble on, tight supply stems losses"Energy markets remain laden with specific supply risks that makes being short a nervy experience," Commonwealth Bank commodities analyst T...
Oil drops for 2nd session on concerns over rising COVID-19 casesOil lost more ground on Monday as rapidly climbing cases of the Omicron COVID-19 variant hit economic activity, although losses were curbed...
Oil prices jump on supply worries amid Kazakhstan unrestOil prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the sam...
Oil rises on supply worries, while virus-led demand concerns easeWest Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.9 per cent, to $53.78 per barrel.
Oil prices rise on US to shut out Iran, supply disruptionsBeyond looming sanctions, other threats to supply are keeping markets on edge.
Gold prices fall as rupee gains strength against dollarGold also fell globally as dollar strengthened but uncertainty surrounding the impact of Britain's departure from the EU and upcoming Frenc...
Why the crude oil price rally might falterCrude has nearly doubled from the lows reached in mid-Jan. Brent prices have risen an average 18 cents a day since mid-Jan, similar to 19 c...
Oil prices at a 13-month low; slips to $102 per barrelThe International Energy Agency (IEA) believes that supply glut is shielding the market from price disruptions.
Oil output by OPEC members likely to remain strong next yearAccording to a Saudi Gazette report based on Gulf Oil Review, surging US production helped by high shale output has been the supply-side st...
- Loss of diesel-rich crude sends oil up
Seasoned oil market observers have struggled to find an adequate explanation for the surge in Brent prices over the past fortnight.
- Indian Oil Corporation to reduce prices if global crude rates dip
State-run Indian Oil Corporation will use the first available opportunity to cut petrol rates if international crude rates dip.
- India, China driving global oil demand: Obama
Increased use of energy resources by fast growing economies like India, China and Brazil is driving the global oil and gas demand.
- Oil at two-year high as Libya on edge of civil war
Oil prices rose to fresh two-year highs around $96 a barrel amid concerns that a violent power struggle in Libya could disrupt supplies, wi...