Oil slides 4% on China virus curbs and strong dollar
August 9, 2021, 12:47:49 PM
Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.
Oil prices hit by concern over Chinese economy and higher supply
August 2, 2021, 1:28:25 PM
Oil prices fell on Monday as worries over China's economy resurfaced after a survey showing growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.
Big Oil back to boom after pandemic bust, aiding climate push
July 29, 2021, 12:55:21 PM
Europe's top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.
Oil Prices Boosted By Falling Crude Inventories
July 28, 2021, 2:53:28 PM
Crude oil prices rose today after the Energy Information Administration reported an inventory draw of 4.1 million barrels for the week to July 23.
by Irina Slav
Big Oil Companies Push Hydrogen as Green Alternative, but Obstacles Remain
July 26, 2021, 2:05:52 PM
BP PLC, Royal Dutch Shell PLC and TotalEnergies SE are all pursuing multimillion-dollar hydrogen projects, often with government support, as they seek to redefine their future role in a world less reliant on fossil fuels. Hydrogen made using renewable energy can be produced and used without emitting carbon dioxide.
by The Wallstreet Journal
Oil falls as coronavirus, slower China imports hit demand
July 26, 2021, 2:04:26 PM
Oil prices fell on Monday due to concerns over fuel demand caused by the spread of COVID-19 variants and as changes to import rules in China offset expectations of tight supplies through the rest of the year.
by Noah Browning
U.S. mulls crackdown on Chinese imports of Iranian oil
July 23, 2021, 9:52:14 PM
The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks or may adopt a harder line whenever it does, a U.S. official said.
Oil Investing News
The banners may contain affiliate links and/or paid advertisements.