Tri-Pinned

Summary Ukraine attacks dent Russian refining capacity Some Russian regions face fuel shortages Iraq’s Kurdistan to resume oil flows to Turkey Brent and WTI benchmarks set for 4% weekly gains (Reuters) – Oil prices edged up on Friday, on track for a more than 4% weekly gain, as Ukraine’s attacks on Russia’s energy infrastructure prompted …

Oil Set For Biggest Weekly Gain in Three Months as Russia Cuts Fuel Exports Read More »

Summary Estonia accuses Russia of violating its air space Four Western nations recognise Palestinian state Iraq increases oil exports after OPEC+ relaxes quota (Reuters) – Oil prices were little changed on Monday as concerns over Russia and the Middle East were countered by oversupply jitters. Brent crude oil futures , which have traded between around …

Oil Prices Little Changed as Russia, Mideast Concerns Offset by Oversupply Worry Read More »

Summary Large oil supplies, declining demand push prices lower Refinery turnaround season will also cut demand for crude Benchmarks gain for a second straight week (Reuters) – Oil prices dropped on Friday as worries about large supplies and declining demand outweighed expectations that the year’s first interest-rate cut by the U.S. Federal Reserve would trigger …

ENDING THE WEEK – Oil Prices Slip as Robust Supply Outweighs Fed Cut Read More »

Summary Brent, WTI oscillated between gains and losses in European trading Fed chair highlighted concerns about job market Market concerned by rising supply, US demand concerns (Reuters) – Oil prices edged higher on Thursday after the Federal Reserve cut interest rates as traders weighed the start of looser monetary policy against concerns about the U.S. …

Oil Edges Higher as Traders Weigh Rate Cut With Worries over US Economy Read More »

Summary Russia oil supplies in focus after drone attacks Markets eye Fed meeting for clues on macroeconomy Analysts expect US crude inventory declines last week (Reuters) – Oil prices held steady on Tuesday as markets weighed potential supply disruption from Russia after Ukrainian drone attacks on its refineries and the prospect of a U.S. central …

Oil Steadies as Market Weighs Russia Supply Risk and US Rate Decision Read More »

Summary Ukraine attacks more Russian energy facilities over the weekend Trump presses NATO nations to halt Russian oil purchases US-China officials in Madrid for trade talks (Reuters) – Oil prices edged higher on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries, while U.S. President Donald Trump said he was prepared to impose …

Oil Edges Up After Attacks on Russian Energy Facilities Read More »

Summary Brent and U.S. crude rise about 1% Threat of tighter sanctions on Russian oil also underpins market China to carry on stockpiling oil in 2026, Gunvor official says (Reuters) – Oil extended gains on Tuesday, supported by the latest oil output hike from OPEC+ being smaller than anticipated, expectations that China will continue stockpiling …

Oil Rises on Modest OPEC+ Output Hike, Russia Supply Concern Read More »

(Reuters) – Sentiment in the crude oil market has shifted to expecting prices to decline, with the debate at the industry’s biggest gathering in Asia more about timing than direction. The topic of presentations and conversations at the annual APPEC conference is always dominated by the outlook for prices, and this week’s event was no …

Crude Oil Sentiment Swings to Lower Prices as Bearish Factors Mount Read More »

Summary Crude down 2%, third consecutive session of losses US crude inventories rise by 2.4 million barrels OPEC+ to consider further output hike on Sunday, sources say HOUSTON, Sept 5 (Reuters) – Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while swelling supplies may grow further …

Oil Prices Settle Down More Than 2% After weak US jobs Rreport Read More »