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PVM ENERGY
Oil prices dive as more tankers move through Strait of HormuzCrude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, ...- Oil prices settle higher on slow progress in US-Iran peace talksOil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...
- Crude spikes past $100/bbl again on reports of gunfire targeting vessels in Strait of HormuzOil prices surged past $100 a barrel after reports of gunfire attacks on three container ships in the Strait of Hormuz. This comes amid ong...
- Oil rises as market awaits Fed interest rate decisionOil prices rose after forecasts from the International Energy Agency and OPEC predicted bullish oil demand growth. Brent crude futures were...
- Saudi Arabia slashes output further to boost oil priceSaudi Arabia's fresh cut of one million barrels per day (bpd) is for July but "extendable", its Energy Minister Prince Abdulaziz bin Salman...
- Oil slips on U.S. stock build, trading in narrow rangePrices were pressured by last week's larger than expected build in U.S. crude oil stocks. Stocks rose to the highest level since June 2021,...
- Oil prices fall after U.S. crude release and inflation dataThe U.S. Department of Energy (DOE) said it would sell 26 million barrels of oil from the SPR, which is already at its lowest level since 1...
- Oil rebounds after biggest drop in decades at start of yearHelping drive the gains on Thursday was a statement from top U.S. pipeline operator Colonial Pipeline, which said late on Wednesday its Lin...
- Oil falls again as concerns grow over global economy, China COVID casesLending oil some support, the dollar weakened on Wednesday after posting big gains in the previous session. A weaker dollar typically boost...
- Oil falls close to 2022 lows on economic worries, easing supply fearsOil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears th...
- Oil falls close to 2022 lows on economic worries, easing supply fearsWarnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes oil more ex...
- Oil up over $2 on tighter supply while OPEC+ talks limit gainsAnd the International Energy Agency expects Russian crude production to be curtailed by some 2 million barrels of oil per day by the end of...
- Oil prices fall more than 3% on Russian oil price cap talksBrent crude futures fell $2.82, or 3.19%, to $85.54 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down ...
- Oil falls over 2% on demand fears and strong dollarOil also came under pressure from hopes of an easing of Europe's gas supply crisis. German buyers reserved capacity to receive Russian gas ...
- Oil hits new high near $75 on demand rise, falling inventoriesThe American Petroleum Institute reported US crude inventories fell 8.5 million barrels, two market sources said, more than analysts foreca...
- Oil steady as surging virus cases cloud demand outlook"Dollar strength and macroeconomic uncertainty are likely to keep dominating oil's agenda this week," said BNP Paribas analyst Harry Tchili...
- Oil edges up to $42, eyeing Libya and U.S. inventoriesBrent crude was up 23 cents, or 0.6%, to $41.95 at 1035 GMT, reversing an earlier drop. U.S. West Texas Intermediate crude was up 16 cents,...
- Oil steady as crews return to U.S. Gulf rigs"As producers prepare to resume production, oil prices are retreating from yesterday's price spike," said oil broker PVM's Tamas Varga.
- Oil sinks on weak US economic data, political uncertaintyOil markets recovered from their lowest levels of the selloff. US West Texas Intermediate (WTI) crude futures were down $1.25, or 3%, at $4...
- Oil steadies as coronavirus demand concerns outweigh weak dollarBrent futures fell 8 cents, or 0.2%, to $44.21 a barrel by 11:57 a.m. EDT (1557 GMT), while US West Texas Intermediate (WTI) crude rose 12 ...
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