Tag Archives: oil prices

New York, U.S. | Xinhua | Oil prices fell on Thursday after hitting their highest levels in three months in the prior session. The West Texas Intermediate (WTI) for July delivery lost 60 cents, or 0.5 percent, to settle at 121.51 U.S. dollars a barrel on the New York Mercantile Exchange. …

Oil production to increase by 648,000 barrels per day (bpd) in July Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Thursday agreed to significant oil output increases in July amid calls for the alliance to help contain …

New York, U.S. | Xinhua | Oil prices advanced on Friday as concerns over tighter supplies remain on the market. The West Texas Intermediate for June delivery added 4.36 U.S. dollars, or 4.1 percent, to settle at 110.49 dollars a barrel on the New York Mercantile Exchange. Brent crude for July …

New York, U.S. | Xinhua | Oil prices climbed on Thursday as traders weighed the prospect of a European Union (EU) ban on imports of Russian oil. The West Texas Intermediate for June delivery added 3.34 U.S. dollars, or 3.3 percent, to settle at 105.36 dollars a barrel on the New …

Libya outages coupled with the ongoing Ukraine crisis deepened fears about tight supplies New York, U.S. | Xinhua | Oil prices rose on Monday as reports of outages in Libya intensified concerns over supply risks. The West Texas Intermediate for May delivery added 1.26 U.S. dollars, or 1.2 percent, to settle …

New York, U.S. | Xinhua | Oil prices climbed on Thursday as traders weighed the prospect of a European Union (EU) ban on imports of Russian oil. The West Texas Intermediate for May delivery added 2.70 U.S. dollars, or 2.6 percent, to settle at 106.95 U.S. dollars a barrel on the …

OPEC Secretary-General Mohammad Barkindo says prices as being driven not by fundamentals but primarily by political factors at present New York, U.S. | Xinhua | Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) warned of severe supply risks if Russian oil is fully banned. The West …

New York, U.S. | Xinhua | Oil prices dropped on Thursday as the United States announced a record release from the nation’s crude reserves. The West Texas Intermediate for May delivery lost 7.54 U.S. dollars, or 7 percent, to settle at 100.28 dollars a barrel on the New York Mercantile Exchange. …

New York, U.S. | Xinhua | Oil prices declined on Tuesday as Russia-Ukraine peace talks showed progress. The West Texas Intermediate for May delivery lost 1.72 U.S. dollars, or 1.6 percent, to settle at 104.24 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery decreased 2.25 …

Since 2017, the Gulf states and Russia have forged a stable energy alliance under the umbrella of OPEC+ Cairo, Egypt | Xinhua | Saudi Arabia, the United Arab Emirates (UAE) and Qatar, key members of the Organization of the Petroleum Exporting Countries (OPEC), have remained hesitant to increase oil and gas …