Concern remains about a wider conflict in the Middle East, where some of the world’s biggest crude producers are based.
Oil prices initially rose on a smaller-than-expected US producer price increase and the API's report of declining crude oil inventories. Optimism faded after the EIA reported an inventory ...
The API figures showed crude stocks shrunk by 5.21 millionbarrels in the week ended Aug. 9, the sources said, speaking ...
Oil prices were weaker as demand concerns, following OPEC’s forecast cuts, outweighed fears of growing tensions in the Middle East.
The price of WTI fell by $10 over the past month, collapsing from $85 to $75. The primary reason for prices falling so dramatically was the growing concern over weak demand. With fears of the ...
Oil prices have been tumbling in recent weeks, but there are signs that they may have hit their bottom, with glints of ...
Scotland's public spending deficit increased by £3.6bn to £22.7bn last year as oil and gas revenues were cut in half. The ...
As weather threats decline for the moment for Gulf Coast oil production, both diesel and gas prices declined over the past ...
Recession fears blunt demand, lowering prices. But conflict in the Middle East and OPEC+ production cuts could push them up ...
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