#oil

Oil extends second weekly drop on new China recovery concerns

West Texas Intermediate futures slipped 0.7 per cent, after rallying 2.7 per cent on Friday

Oil

Oil set for sixth monthly loss on deteriorating demand outlook

West Texas Intermediate steadied near $75 a barrel after closing 0.6 per cent higher on Thursday

Oil

Oil steady after two-day gain as supply issues blunt demand woes

West Texas Intermediate traded below $79 a barrel after rallying around 2 per cent over the previous two sessions

Oil

Oil extends steep weekly drop with demand outlook in question

West Texas Intermediate fell toward $77 a barrel after dropping the most since the banking crisis in March last week

Oil

Oil set for first weekly loss since banking turmoil last month

West Texas Intermediate futures dipped toward $77 a barrel and are more than 6 per cent lower this week

Oil

Oil powers to fourth weekly advance as global market tightens up

West Texas Intermediate remainder above $82 a barrel, taking its weekly advance to about 2 per cent and the longest winning run since June

Oil

Oil trades near highest close in five months as market tightens

West Texas Intermediate traded above $83 a barrel after advancing by 4.4 per cent over the prior two days

Oil steadies after surge with supplies and stockpiles in focus

West Texas Intermediate traded above $81 a barrel after rallying by 2.2 per cent on Tuesday

oil

Oil holds loss as stronger US dollar, slowdown concerns weigh

West Texas Intermediate traded below $80 a barrel after closing 1.2 per cent lower on Monday

US

Oil steadies after mixed US stockpile report signals weak demand

West Texas Intermediate traded near $73 a barrel after closing 0.3 per cent lower on Wednesday

Oil

Oil declines amid bank concerns, US caution on stockpile refill

West Texas Intermediate declined toward $69 a barrel after on Thursday

Oil

Oil spread slumps most since January

High US exports have also contributed to ample levels of supply

Saudi oil Europe

Saudi Arabia raises oil prices for Asia and Europe for April

Prices for US customers were left unchanged

Saudi

Saudi oil revenue drop rounds off year of $326bn windfall

The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil

Oman

Oman oil-drilling IPO draws Saudi wealth fund as anchor investor

Anchor investors will subscribe for 40 per cent of the shares at the maximum price

COP28

COP28 chief’s Sultan Al Jaber begins global tour

Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber

Oil

Oil extends gain as Saudi Arabia bets on demand rebound in Asia

Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March

OPEC+ keeps output steady amid uncertainty

OPEC+ keeps output steady amid uncertainty

Oil prices have had a rocky start to 2023, with a rally in mid-January fading away by the end of the month

Saudi Arabia

Saudi Arabia’s economy grows by 8.7% in 2022

The kingdom’s real GDP grew by 5.4 per cent during the fourth quarter of 2022

Oil steadies as traders look to China, OPEC for fresh triggers

West Texas Intermediate was little changed above $80 a barrel after declining by almost 2 per cent on Tuesday

Oil prices

Oil edges higher after two-day slump as demand outlook sours

A surge in Covid-19 cases in China has clouded the near-term demand outlook

Their call comes in a year of record profits for Big Oil as energy prices surged with the world economy reopening from Covid lockdown

Big oil investors call for more aggressive climate targets

The companies boosted shareholder payouts in response even as many investors backed away from stronger climate advocacy

Oil set for weekly gain on signs of tight supply, China comeback

West Texas Intermediate futures traded near $76 a barrel and are up around 7 per cent this week

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Saudi Arabia sees 2023 budget surplus bump

Revenues are now set to reach SAR1.13tn, slightly more than projected earlier

Markets

Oil steadies after three-day drop as demand concerns multiply

West Texas Intermediate held above $74 a barrel after futures sank almost 9 per cent in the prior three sessions to erase the year’s gains

Saudi

Saudi Aramco refiner Luberef’s IPO to raise up to $1.32bn

Luberef becomes the latest billion-dollar plus IPO in the Gulf

Kuwait

Kuwait says oil buyers don’t want to boost imports next year

The OPEC member exports about 2 million barrels a day of crude, most of it to Asian countries such as China, South Korea, Japan and India

Oil

Oil poised for weekly gain with China softening virus curbs

West Texas Intermediate traded above $81 a barrel after a run of four daily gains

Oil steadies after wild ride with Chinese demand, OPEC+ in focus

Oil prices have weakened this month on concerns about demand

Oil

Oil poised for second weekly decline on gloomy demand outlook

Oil is trading near the lowest level since September