Page 20 - Brent Crude

Oil touches 7-year high after Opec+ sticks to plan for gradual output hike

Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise

In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit

Oil on the boil: Prices, demand-supply dynamics, and the way ahead

Global oil prices are hitting all-time highs. Let's look at why oil prices are surging globally and understand the dynamics of demand & supply in an interview with S&P Global Platts' Dr Kang Wu

Oil prices fall to $74 on risk-averse mood, US Gulf output

A stronger dollar makes US dollar-priced oil more expensive for holders of other currencies and generally reflects higher risk aversion, which tends to weigh on oil prices

Oil prices fall as storm-hit US supply trickles back into market

Oil prices fell on Friday as energy companies in the US Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output

Vaccines set to unleash pent-up oil demand; expect big jump in Oct: IEA

Brent crude rallies above $74 as Storm Nicholas hits US Gulf Coast

Oil prices scale six-week high as Hurricane Nicholas hits US Gulf

Oil prices hit a six-week high on Tuesday as Hurricane Nicholas weakened into a tropical storm, bringing the threat of widespread floods and power outages

In a first, China taps strategic reserves to cool down oil prices

The announcement comes amid surging energy costs in China, not just for oil but also for coal and natural gas, and electricity shortages that have forced some factories to cut production

Oil steady; US gasoline demand offsets China move to tap oil stocks

Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw

Oil market anchors around $70/b, but volatility to return

Even with Covid concerns creating recent jitters in big consumers like China and US, the impact appears to be diminishing as the global economy recovers

Oil prices steady as US jobs report indicates patchy recovery

Oil prices were steady on Friday after a US jobs report indicated a patchy recovery amid the pandemic but the demand picture remained bright globally

Oil prices rise on optimism about economic recovery, weaker dollar

Oil prices rose more than $1 on Thursday, supported by optimism about the pace of the economic recovery from the pandemic, a sharp decline in US crude stocks and a weaker dollar.

OPEC+ sticks to agreed schedule for oil-production increases

Ministers ratified the 400,000 barrel-a-day supply hike scheduled for October after less than an hour of talks, one of the quickest meetings in recent memory

Oil prices edge lower as US pushes OPEC to pump more crude

Oil slipped on Tuesday as OPEC and its allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, though Brent still traded well above $70 a barrel

Oil slips as Hurricane Ida weakens, OPEC+ in focus for output increase

Brent crude was down 26 cents, or 0.4%, at $72.44 by 1340 GMT, having reached $73.69 earlier, the highest since August 2

Oil edges higher on US fuel demand, extends rally for third session

The four-week average for US total product supplied, a proxy for fuel demand, soared to nearly 21 million barrels per day, its highest since March 2020

Oil prices fell more than 1% as Delta surge clouds fuel demand outlook

Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging lower last week

Oil heads for biggest weekly loss this year on Delta variant concerns

Oil fell, capping the biggest weekly loss since October, as the spread of the delta coronavirus variant in China and elsewhere in the world is casting doubts on demand growth

Oil prices steady, but set for big weekly loss on demand worries

Oil prices were steady on Friday, but on track for steep weekly declines on concerns over the impact on fuel demand from travel restrictions to curb spread of Covid-19

Oil prices fall as coronavirus Delta variant spread weighs

US, China are grappling with rapidly spreading outbreaks of the highly contagious Delta variant that analysts fear will limit fuel demand at a time when it traditionally rises in both countries.