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More Disappointing China Data Disrupts Oil Rally, Prices Down 1.7%
Jul 17, 2023 ... living up to analytical expectations for economic growth was said to be the driving factor behind oil prices on Monday shedding over 1.5 percent – with the partial resumption of output from Libya ...
IBIA's Unni Einemo to Join Nuclear Tech Firm Core Power
Jul 10, 2023 ... ships and deliver safe, zero-emission energy for the lifetime of the ship. "I was truly intrigued. He set up CORE POWER in 2018 to start the journey toward making that concept a ...
Oil Ends Week On 3% High As Traders React To Global Supply Tightening
Jul 7, 2023 ... traders on Friday ended the week more decisively than usual by causing oil prices to climb  almost 3 percent to a nine-week high, finally focusing on what analysts have been concerned about ...
Economic Fears Cripple Oil Trading, But Saudis Express Market Confidence
Jul 6, 2023 ... the inevitable loggerhead of interest rate hike fears running up against fundamentals of a tighter oil market, the result being that prices for two key benchmarks barely moved compared to recent ...
Bearish Sentiment Deepens Despite Significant Output Cut Extensions
Jul 4, 2023 ... two major oil producing nations announcing an extension of voluntary cutbacks, crude prices on Monday incurred another round of losses, this time on the order of 1 percent, as traders ...
Crude Benchmarks Headed For Monthly Gains, But Rangebound Trading Will Persist
Jun 29, 2023 ... battled throughout Thursday with bearish fears of interest rate hikes, with the former causing oil prices to ultimately settle higher – but minimally. Still buoyed by Wednesday's disclosure ...
INTERVIEW: Bunker Holding Sees Market Normalising in 2023
Jun 29, 2023 ... expects to see the market normalising over the remainder of this year after last year's turmoil drove record profits for the company. This week the company reported pre-tax earnings of ...
Russian Turmoil Causes Modest Oil Price Increase, Future Volatility Likely
Jun 26, 2023 ... percent, to settle at $69.37 per barrel. U.S. secretary of state Antony Blinken said of the turmoil in Russia, "I don't think we've seen the final act," and he suggested it could take months to ...
Oil Markets Shrug at Abortive Russian Coup
Jun 26, 2023 ... markets have remained sanguine at the prospect of increased instability in Russia after Wagner Group forces moved towards Moscow over the weekend. ICE August Brent futures traded at $74.23/bl ...
Rate Hike Obsessions Cause More Weekly Losses For Crude
Jun 23, 2023 ... Federal Reserve Bank stating that two more hikes this year were likely – and as a result oil extended its losses, albeit much less severely than in the previous session. Brent declined ...
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