London CNN Business — US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19 lockdowns will dent demand. West Texas
Tag: oil prices
China markets tank as protests erupt over Covid lockdownsChina markets tank as protests erupt over Covid lockdowns
hong kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled
Oil Prices Extend Losses After EIA Inventory Data ReleaseOil Prices Extend Losses After EIA Inventory Data Release
Crude oil prices fell today, even after the US Energy Information Administration reported inventories of oil had shed 3.7 million barrels over the week to November 18. This compared with
Europe now has so much natural gas that prices just dipped below zeroEurope now has so much natural gas that prices just dipped below zero
London CNN Business — Europe has more natural gas than it knows what to do with. So much, in fact, that spot prices briefly went negative earlier this week. For
America’s emergency oil stockpile is at a 38-year low but it’s still got firepower leftAmerica’s emergency oil stockpile is at a 38-year low but it’s still got firepower left
New York CNN Business — Presidents don’t have magic wands to make inflation disappear. But they do have a powerful tool that can help ease the pain of high gas
White House plans on announcing additional oil reserve sales in wake of OPEC+ cutWhite House plans on announcing additional oil reserve sales in wake of OPEC+ cut
CNN — The Biden administration is planning to announce additional sales from the nation’s emergency oil stockpile as it seeks to counter market pressures created by the OPEC+ decision to
President Biden Is Planning To Release More Oil From The SPRPresident Biden Is Planning To Release More Oil From The SPR
The Biden administration is planning to release another 10 to 15 million barrels of crude from the strategic petroleum reserve, Bloomberg reported today, citing unnamed sources in the know. The
Gas prices are starting to take off again. More increases are on the wayGas prices are starting to take off again. More increases are on the way
New York CNN Business — Even before Wednesday’s action by OPEC+ to cut oil production, US gas prices were on their way up. More price increases at the pump likely
White House says Biden’s Saudi trip wasn’t a waste as he lambastes OPEC+’s ‘shortsighted’ decision to cut oil outputWhite House says Biden’s Saudi trip wasn’t a waste as he lambastes OPEC+’s ‘shortsighted’ decision to cut oil output
CNN — President Joe Biden is “disappointed” the Saudi-led OPEC+ oil cartel agreed to cut output by 2 million barrels per day, the White House said Wednesday, as the threat
OPEC announces big cut in oil production despite US pressureOPEC announces big cut in oil production despite US pressure
London CNN Business — OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a