#oil

Oil August 1

Oil drops at start of week as China data raises demand concerns

West Texas Intermediate dropped toward $98 a barrel after sinking almost 7 per cent in July

Oil extends gains after US crude stockpiles drop, exports soar

Oil extends gains after US crude stockpiles drop, exports soar

West Texas Intermediate futures climbed near $98 a barrel after closing 2.4 per cent higher in the previous session

Gulf deals

Cash-rich Gulf funds splurge on mega deals as liquidity dries up

The region’s largest sovereign wealth funds have been involved in at least $28.6bn worth of acquisitions outside the Middle East and Africa this year

Oil

Oil slips as investors weigh demand outlook ahead of Federal Reserve meet

West Texas Intermediate futures edged lower toward $96 a barrel after rising 2.1 per cent on Monday

Oil

Oil declines as traders weigh mideast supply after Biden trip

Crude has slumped since mid-June as concerns about a potential recession ripped through commodity markets

Oil

Oil set to end volatile week below $100 on slowdown concerns

West Texas Intermediate tumbled below $91 a barrel on Thursday

Oil

Oil price drops as surging inflation escalates slowdown concerns

Demand for motor fuel plunged last week to the lowest seasonal level since 1996

Oil losses

Oil extends losses after tumbling below $100 on demand concerns

West Texas Intermediate futures fell for a third session to its lowest level in three months

Oil

Oil extends drop as concerns over economic slowdown grip market

Crude has tumbled since early June on escalating fears of a slowdown as central banks raise rates to combat rampant inflation

Oil sinks again on recession concerns and rising US stockpiles

West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week

Dragon Oil signs ten additional years of partnership with Turkmenistan

Dubai’s Dragon Oil signs ten-year extension with Turkmenistan

The company’s investments during the contract extension period is expected to reach another $7-8bn

Oil

Oil holds above $110 as tight supply balanced by recession risk

Oil has started the third quarter in strong form after dropping in June

Oil heads for worst run of losses this year on recession concern

Oil fell about 8 per cent in June as investors fretted over a potential global slowdown

Oil

Oil set for first monthly decline this year before OPEC+ meeting

Oil is still up around 45 per cent this year as the global economic recovery coincided with upended trade flows

Oil

Oil set for weekly loss as traders weigh monetary tightening

Oil is still up more than 50 per cent this year after rebounding demand combined with upended trade flows

US inflation

Oil extends losses as investors weigh US inflation, China demand

US inflation accelerated to a fresh 40-year high last month, raising the likelihood of more aggressive interest-rate hikes from the Federal Reserve

Oil set for seventh weekly gain as traders weigh China’s return

Consumption in top importer China is expected to rise as it lifts strict Covid restrictions

Saudi Arabia

Saudi raises oil prices amid Asia rebound

Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers

Oil powers to sixth monthly gain as EU set to curb Russian flows

Global benchmark Brent topped $122 a barrel, hitting a two-month high

Oil extends gain as US stockpiles tighten before driving season

West Texas Intermediate futures climbed toward $111 a barrel after rising 0.5 per cent on Wednesday

Saudi Arabia

Saudi Arabia to use oil windfall to boost private sector

Saudi Arabia’s posted a $15.3bn budget surplus in the first quarter

Markets

Oil drops as traders weigh tight gasoline markets, weak growth

Oil markets remain in backwardation, a bullish pattern that’s marked by near-term prices trading above longer-dated ones

uae adnoc oil dicovery

UAE’s ADNOC announces three onshore oil discoveries

ADNOC said that the new finds totalled 650 million barrels of oil

Oil pump

Oil rebounds after two-day drop as traders weigh products, China

Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation

Oil

Oil steadies after four-day surge as US product markets run hot

Oil has rallied by more than 50 per cent this year in extremely volatile trading

Landmarks Of The City Of Riyadh, Kingdom Of Saudi Arabia

Saudi Arabia posts $15bn surplus on soaring oil income

The boost was mainly driven by oil revenue, which rose 58 per cent compared to last year

Oil

Oil holds jump as US fuel stockpiles slide before driving season

Oil is up around 40 per cent this year following a strong economic rebound from the pandemic

Oil extends decline as Europe softens some Russian sanctions

West Texas Intermediate futures fell below $103 a barrel in early Asian trading

Saudi Arabia

Saudi cuts oil prices from record highs amid China lockdowns

Saudi Arabia sends more than 60 per cent of its crude exports to Asia