Oil rises on tighter OPEC supply, US jobs data
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. jobs openings pointed to expanding economic activity and consequent growth in oil demand.
Oil Rises Amid Expectations of Tighter Supply From Russia, Iran
Oil rose in the early Asian session amid expectations of tightening supply from Russia and Iran due to Western sanctions, Exness’ Maria Agustina Patti said.
Oil prices head higher, on track to settle at the highest since October
Oil futures headed higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with, buoyed by expectations for stronger demand.
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures. Also supporting prices was an unexpected increase in U.
Oil hits a near three-month high on concerns over supply disruptions
Oil prices hit a near three-month high on Wednesday as concerns about supply disruptions and optimism over rising demand supported the market. “Concerns over Iranian and Russian oil flows will also be providing some support,
Oil prices end higher, lifted by a 'bullish outlook' for the year ahead
Oil futures on Tuesday marked their highest settlement since October, posting their sixth gain in seven sessions. A lot of the recent trade activity has been driven by “hedge
Oil prices settle up on possible supply disruption, hopes for China demand
Oil prices settled higher on Tuesday, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand. Brent crude futures settled at $77.05 a barrel,
Crude oil price hit three-week high amid concerns over supply
Crude oil prices rose to a three-week high amid mounting concerns over supply disruptions and increasing demands. However, technical analysts caution that oil markets may be over-bought. View on euron
Oil Supported by Stronger Fundamentals, Supply Concerns
Oil prices were rising in early trade, supported by a stronger physical market and concerns over Russian and Iranian flows.
TheCable8h
Prioritise crude oil supply to local refineries, group tells NNPC
A group of concerned Nigerian citizens has called on the Nigerian National Petroleum Company (NNPC) Limited to prioritise ...
Oil News: Crude Faces Bearish Pressure with 200-Day Average in Sight
Oil futures hover near key support as demand weakens. Traders eye $72.35 for clues on crude’s next move. Can supply tightness ...
Crude oil futures decline as market expects comfortable supply in 2025
Crude oil futures decline as market anticipates comfortable supply in 2025, while natural gas and guargum prices rise.
Kyiv Independent on MSN13h
Chinese port ban on US-sanctioned tankers tightens oil supply, Reuters reports
Shandong Port Group has prohibited U.S.-sanctioned tankers from accessing its ports in the eastern Chinese province, three ...
Ample supply, slow demand to temper oil price gains in 2025: Reuters poll
Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are ...
The Punch Newspapers10h
Dangote refinery retained 13% of Nigeria’s crude exports – Report
The Dangote Petroleum Refinery retained 13 per cent of Nigeria’s crude oil exports as domestic supply in 2024, a new report ...
legit3d
Energy Group Cautions NNPCL against Cutting Crude Oil Supply to Dangote, Other Local Refineries
The Energy Reforms Advocates of Nigeria (ERAN) has urged the FG to stop the NNPCL's alleged plan to cut the supply of crude ...
Oil prices tick up after industry data shows fall in U.S. crude inventories
Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an industry report was said to show a large drop in crude stocks but significant ...