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OIL AND OIL DERIVATES

Oil flat as market digests Biden bombshell, Gaza situation

Date: 23.07.2024 Author: Selva Freigedo, Montel
Oil flat as market digests Biden bombshell, Gaza situationPhoto: Montel

Oil prices were trading flat on Tuesday as investors continued to assess the US political situation after incumbent Joe Biden quit the presidential race, while talks of a ceasefire in Gaza also

Ukraine Lukoil oil ban unlikely to spark CEE energy crisis

Date: 22.07.2024 Author: Maja Žuvela
Ukraine Lukoil oil ban unlikely to spark CEE energy crisisPhoto: Ion Preasca

The recent banning of Russian firm Lukoil’s transportation of crude oil to Hungary and Slovakia via Ukraine is unlikely to stoke an energy crisis as these countries have alternatives, an energy

Oil stabilises as Biden ends US electoral uncertainty, quits race

Date: 22.07.2024 Author: Robin Newbold, Montel
Oil stabilises as Biden ends US electoral uncertainty, quits racePhoto: Montel

Oil prices were stabilising on Monday as US president Joe Biden ended a period of uncertainty by ending his re-election campaign, though the resumption of ceasefire talks in the Israeli-Palestinian

Oil prices drift down amid China growth concerns

Date: 19.07.2024 Author: Luke Roshan, Montel
Oil prices drift down amid China growth concernsPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices eased on Friday as investor sentiment was dampened by mounting concerns over the bleak outlook for China’s economy and the lack of clear policy direction from a key leadership meeting in

Oil prices rise after US data shows drop in crude stockpiles

Date: 18.07.2024 Author: Luke Roshan, Montel
Oil prices rise after US data shows drop in crude stockpilesPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices rose early on Thursday as a sizable draw in crude inventories in the US, the world’s largest oil consumer, signalled robust summer demand despite ongoing uncertainty surrounding China’s

Brent crude oil lingers near 1-month low on demand concerns

Date: 17.07.2024 Author: Luke Roshan, Montel
Brent crude oil lingers near 1-month low on demand concernsPhoto: Montel

Oil prices were a shade down early on Wednesday, with the Brent crude benchmark lingering near a recent one-month low in response to weak economic data from China.

Oil prices fall on Chinese demand uncertainty

Date: 16.07.2024 Author: Selva Freigedo, Montel
Oil prices fall on Chinese demand uncertaintyPhoto: Montel

Oil prices fell on Tuesday after economic data from China – the world’s biggest crude importer – came in weaker than expected, heightening concerns around future demand.

Oil rises despite stronger dollar as Middle East tension ramps up

Date: 15.07.2024 Author: Luke Roshan, Montel
Oil rises despite stronger dollar as Middle East tension ramps upPhoto: Montel

Oil prices remained steady on Monday as investors weighed the implications of the assassination attempt on former US president Donald Trump, amid rising tensions in the Middle East and a sluggish

Oil gains on positive US interest rate sentiment

Date: 12.07.2024 Author: Luke Roshan, Montel
Oil gains on positive US interest rate sentimentPhoto: Montel

Oil prices rose on Friday as investors assessed a cooling US economy and its impact on energy consumption, amid growing expectations the country’s central bank will cut interest rates before the end

Oil prices rise after bullish US inventory data

Date: 11.07.2024 Author: Luke Roshan, Montel
Oil prices rise after bullish US inventory dataPhoto: Montel

Oil prices rose early on Thursday as investors turned cautiously optimistic about demand after official US inventory data showed declining stockpiles and increased activity by refineries.

Brent crude slides to 3-week low amid signs of weak demand

Date: 10.07.2024 Author: Luke Roshan, Montel
Brent crude slides to 3-week low amid signs of weak demandPhoto: Montel

Oil prices retreated early on Wednesday amid signs of weak demand and as the market assessed comments from US Federal Reserve Chair Jerome Powell for indications of a timeline for interest rate cuts

Oil prices ease as supply disruption fears fade

Date: 09.07.2024 Author: Selva Freigedo, Montel
Oil prices ease as supply disruption fears fadePhoto: Montel

Oil prices were a shade down early on Tuesday, extending two days of consecutive declines amid easing investors’ concerns about the impact of tropical storm Beryl on US oil infrastructure.



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