Page 8 - Oil Market
Oil takes a breather, eases off 5-week highs as market takes profits
Oil prices slipped today, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts
 "Oil takes a breather, eases off 5-week highs as market takes profits")
India is new major player in Russian oil market once dominated by China
Six vessels hauling Russian crude known as ESPO were headed to refiners in the South Asian nation in August, according to traders and shipbrokers
 "India is new major player in Russian oil market once dominated by China")
Saudi Aramco profit surges to another record on bumper oil market
Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production
 "Saudi Aramco profit surges to another record on bumper oil market")
Oil prices fall as China slowdown spurs concern over demand outlook
Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19
 "Oil prices fall as China slowdown spurs concern over demand outlook")
IEA says oil market walking tightrope due to economic, supply risks
The estimate fell far short of producer group OPEC's estimate for the year of 3.4 million bpd growth on Tuesday
 "IEA says oil market walking tightrope due to economic, supply risks")
Oil prices head for weekly loss as recession fears trump tight supply
Brent crude rose 35 cents, or 0.3%, to $105.00 a barrel by 1045 GMT and U.S. West Texas Intermediate crude gained 19 cents, or 0.2%, to $102.92
 "Oil prices head for weekly loss as recession fears trump tight supply")
How the Ukraine conflict is reshaping global oil markets: An analysis
Sanctions imposed on Moscow after the conflict in Ukraine kicked off in February, including a U.S. ban on its oil imports, have prompted Russia to pivot away from Europe
 "How the Ukraine conflict is reshaping global oil markets: An analysis")
Oil prices tumble over 1% on global economic worries, strong dollar
The fall in oil prices reflected trends in global financial markets as investors shed riskier assets on worries about higher interest rates and their impact on economic growth.
 "Oil prices tumble over 1% on global economic worries, strong dollar")
Ukraine war and Chinese lockdowns weigh on oil markets as OPEC+ meets
OPEC and allied oil-producing countries, including Russia, are weighing conflicting forces as they decide how much crude should flow to volatile global markets.
 "Ukraine war and Chinese lockdowns weigh on oil markets as OPEC+ meets")
Oil markets open slightly lower as market weighs mixed supply signals
Oil futures were down slightly Thursday morning, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks
 "Oil markets open slightly lower as market weighs mixed supply signals")
Oil prices settle up 2%, post weekly loss on stockpile releases
Brent crude futures settled up $2.20, or 2.19%, at $102.78 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $2.23 to $98.26.
Oil prices dip 3rd day in row as EU pauses on Russian energy sanctions plan
Oil prices fell for a third straight day on Thursday after the European Union paused on an immediate ban of Russian coal and other energy imports
 "Oil prices dip 3rd day in row as EU pauses on Russian energy sanctions plan")
Industry body appeals to members not to hoard vegetable oil
In view of volatility in global oil markets due to Ukraine war, Solvent Extractors Association of India appealed to strictly adhere to stock limit prescribed under storage control order
 "Industry body appeals to members not to hoard vegetable oil")
Dollar loses steam, euro steadies as oil backs off in volatile day
By David Henry and Saikat Chatterjee
 "Dollar loses steam, euro steadies as oil backs off in volatile day")
Oil nears $100: Petrol, diesel price hike coming after elections
Domestic fuel prices - which are directly linked to international oil prices - have not been revised for a record 110 days in a row
 "Oil nears $100: Petrol, diesel price hike coming after elections")
Oil prices fall 0.4% on fresh hope of diplomacy over Ukraine crisis
Brent crude slipped to $93.14 a barrel at 0730 GMT, down 40 cents or 0.4%, after earlier touching $95
 "Oil prices fall 0.4% on fresh hope of diplomacy over Ukraine crisis")
Iraq builds up grip on India oil market with highest volumes in 29 months
India's imports of oil from Iraq surged in January to a 29-month high of about 1.3 million bpd, making up nearly a third of the supplies to India, says data from shipping and industry sources.
 "Iraq builds up grip on India oil market with highest volumes in 29 months")
Oil prices ease after 7-year high as Ukraine hints at concessions to Russia
Brent crude was down 81 cents, or 0.9%, at $93.63 a barrel by 1259 GMT, off an ealier peak of $96.16, the highest since October 2014
 "Oil prices ease after 7-year high as Ukraine hints at concessions to Russia")
Oil up as US inventories fall to lowest since Oct 2018 but Iran talks weigh
Brent crude futures rose 65 cents, or 0.7%, to $92.20 a barrel at 1140 GMT, while U.S. West Texas Intermediate crude was at $90.64 a barrel, up 98 cents, or 1.1%
 "Oil up as US inventories fall to lowest since Oct 2018 but Iran talks weigh")