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OIL AND OIL DERIVATES

Oil prices fall amid continued economic growth concerns

Date: 03.02.2023 Author: Robin Newbold, Montel
Oil prices fall amid continued economic growth concernsPhoto: Montel

Oil prices were falling on Friday amid economic growth concerns, with yesterday’s upside momentum fading.

OMV sees German gas prices at EUR 60-70/MWh in 2023

Date: 02.02.2023 Author: Christian Driessen, Montel
OMV sees German gas prices at EUR 60-70/MWh in 2023Photo: Martina Budal

Austrian energy company OMV expects German gas prices to average between EUR 60-70/MWh this year, around half the average of EUR 122/MWh last year when prices spiked in the wake of Russia’s invasion

Oil prices rise after Wednesday’s drop on US inventory surge

Date: 02.02.2023 Author: Montel
Oil prices rise after Wednesday’s drop on US inventory surgePhoto: Montel

Oil prices edged higher early Thursday, clawing back from a three-week low reached the previous session when official US data showed a larger-than-expected increase in the nation’s commercial crude

Oil firms as Opec+ seen keeping output policy unchanged

Date: 01.02.2023 Author: Montel
Oil firms as Opec+ seen keeping output policy unchangedPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices edged higher on Wednesday amid market expectations that Opec and its Russia-led allies will keep their production policy unchanged despite a rebound in demand from China.

Oil dips on fears of rate hikes, continued Russian supply

Date: 31.01.2023 Author: Ciara Cunnane, Montel
Oil dips on fears of rate hikes, continued Russian supplyPhoto: Montel

Oil prices dropped for the second consecutive session on Tuesday morning as the spectre of further interest rate hikes and continued Russian crude supplies outweighed positive signals of demand

Russia-Ukraine war may speed energy transition – BP

Date: 30.01.2023 Author: Laurence Walker, Montel
Russia-Ukraine war may speed energy transition – BPPhoto: Roman Peklaj

Disruptions to energy supplies linked to Russia’s war in Ukraine will likely spur global efforts to transition more swiftly to renewable energy, while heightening the focus on supply security,

Oil prices drift down in range-bound trading

Date: 30.01.2023 Author: Montel
Oil prices drift down in range-bound tradingPhoto: Montel

Oil prices softened in range-bound trading early on Monday, although analysts expected rebounding demand from China – the world’s biggest oil importer – to continue to underpin the market.

Oil prices flat as caution prevails ahead of Opec meeting

Date: 27.01.2023 Author: Ciara Cunnane, Montel
Oil prices flat as caution prevails ahead of Opec meetingPhoto: Montel

Oil prices were muted on Friday morning and looked set to close the week flat as investors awaited the next meeting of Opec and its Russian-led allies, and uncertainties remained around Chinese

Oil prices hold steady in range-bound trading

Date: 26.01.2023 Author: Montel
Oil prices hold steady in range-bound tradingPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices were flat to a shade higher early Thursday as a lower-than-expected increase in US crude inventories suggested “healthy demand” from the world’s biggest economy, an analyst said.

Oil prices edge up ahead of US inventory data

Date: 25.01.2023 Author: Montel
Oil prices edge up ahead of US inventory dataPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices edged higher early Wednesday ahead of official US crude inventory data that could indicate whether demand is picking up in the world’s biggest economy.

Oil prices fall as demand outlook faces economic headwinds

Date: 24.01.2023 Author: Robin Newbold, Montel
Oil prices fall as demand outlook faces economic headwindsPhoto: OMV Petrom

Oil prices pared early gains on Tuesday as market participants reassessed the demand outlook amid persisting economic concerns.

Oil prices trade flat though China demand points to upside

Date: 23.01.2023 Author: Robin Newbold, Montel
Oil prices trade flat though China demand points to upsidePhoto: Montel

Oil prices were trading range-bound on Monday, though rising China demand pointed to potential upside for the market.



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