OIL AND OIL DERIVATES
Oil set for second straight weekly loss on demand unease
Date: 09.06.2023 Author: Ciara Cunnane, Montel
Photo: OMV Petrom
Oil prices continued down early on Friday and looked set for a second consecutive week of losses as sombre Chinese inflation data heightened fears about demand amid wider economic pressures.
Oil edges down despite signs of tightening supply
Date: 08.06.2023 Author: Montel
Photo: Montel
Oil prices were a shade down early on Thursday, consolidating from this week's gains driven by signs of tightening supply and rising demand.
Oil slides as demand worries outweigh Opec cuts
Date: 07.06.2023 Author: Juliette Portala, Montel
Photo: Victor Habbick via FreeDigitalPhotos
Oil prices slipped on Wednesday as demand concerns and weaker economic growth in China cast a shadow on Opec’s recent extension of production cuts.
Oil edges lower as demand concerns trump Opec cuts
Date: 06.06.2023 Author: Juliette Portala, MontelPhoto: OMV Petrom
Oil prices slipped on Tuesday as concerns about a potential global economic downturn and its impact on demand outweighed yesterday’s boost from an extension of Opec production cuts.
Carbon returns above EUR 80/t on bullish fuels
Date: 05.06.2023 Author: Julia Demirdag, Montel
Photo: Roman Peklaj
European carbon prices rose on Monday amid an overall buoyant energy market, but some downside pressure should remain due to ample supply.
Oil prices rise on Saudi production cut, Opec+ extension
Date: 05.06.2023 Author: Juliette Portala, MontelPhoto: Montel
Oil prices hit their highest level for a month on Monday after Saudi Arabia announced a 1m bbl/day production cut for July, while Opec+ nations extended existing reductions to the end of 2024.
Oil jumps as US passes debt ceiling bill, eyes on Opec
Date: 02.06.2023 Author: Ciara Cunnane, Montel
Photo: Alenka Lena Klopčič
Oil prices rose sharply in early Friday trading after the US Senate approved the bill to end the debt ceiling stand-off and investors bet on further production cuts by Opec+ at the producer cartel’s
Croatian Janaf ready for acquisitions in renewables sector
Date: 01.06.2023 Author: Dalibor Dobrić
Photo: www.nis.yu
Croatia’s Adriatic oil pipeline Janaf is “ready for acquisitions”, its board member Vladislav Veselica said while talking about the company’s strategy to become a renewables producer on a
Brent crude bounces off 4-week low but demand concerns weigh
Date: 01.06.2023 Author: MontelPhoto: Montel
Oil prices were a shade higher early on Thursday, with the Brent crude benchmark struggling to recover from a four-week low reached in the previous session amid signs of muted demand.
Oil eases ahead of Opec+ talks, US debt ceiling vote
Date: 31.05.2023 Author: Juliette Portala, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices eased early on Wednesday to near a recent four-week low as investors remained cautious ahead of an Opec+ meeting and a vote on a US debt ceiling deal.
Oil slides as US debt ceiling deal heads for rocky vote
Date: 30.05.2023 Author: Juliette Portala, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices slipped on Tuesday as the US debt ceiling agreement reached this weekend could face a bumpy road in Congress, while investors remained cautious ahead of an Opec+ meeting due later this
Oil prices steady as US demand outweighs Russia comments
Date: 26.05.2023 Author: Ciara Cunnane, Montel
Photo: Montel
Oil prices stabilised in early trading on Friday as signals of higher US demand outweighed comments from Russia over Opec+ maintaining production.
