Opec flags risk to oil demand from Ukraine war and inflation
Brent falls as low as $97.44 during Tuesday’s session
Brent falls as low as $97.44 during Tuesday’s session
Supply disruption fears mount following hefty sanctions on Russian banks
The US is to release 50m barrels of oil from strategic reserves
China ramps up operating rates to meet a spike in diesel demand
Market Beat: Uncomfortable truth for COP 26-bound world leaders as bets laid on $200 barrels of oil
Saudi state oil producer joins other oil majors who have reported strong results in recent weeks
Ministers agreed on Sunday to increase oil supply from August to cool climbing prices
Failure pushes Brent crude prices close to $77 a barrel, the highest since 2018
Brent futures nudge past $60 a barrel, boosted by supply cuts among key producers
Mass rollouts are likely months away and subject to regulatory approvals
Hopes for a swift economic recovery in China limited losses
But prices are still 40% down for the year so far
Pace of economy also pushes oil lower as demand declines
Demand for crude slumps as coronavirus pandemic continues
Worries about oversupply, IMF warning on a deep recession kept gains in check
Outlook for fuel demand darkens as coronavirus triggers epidemic
‘Black Monday’ sees global shares tumble on Saudi-Russia oil price war and Italy lockdown
Coronavirus: Perfect storm of Italian lockdown, oil price war sends stocks plummeting
Demand has been hit hard by measures to halt the spread of Covid-19
Gains extended Friday’s more than 3% surge after US air strike killed Iranian commander
Bond yields slip back on news of fresh European Central Bank stimulus measures
US sanctions on oil exporters Iran and Venezuela pointed to as reasons for the surge
Shares rise as much as 5.5% in London after analyst rates shares as ‘outperform’
China and US agreed to halt additional tariffs in a deal on Sunday
Company is considering a back-up option of selling a stake in itself to a strategic investor
Officials tols importers to stop buying Iranian crude from November
Markets remain supported as Opec curbs on supply remain in place
Weak dollar also supports prices as Opec-led effort to curb production starts to pay off
But crude remains below recent highs as signs of oversupply linger
Opec and Russia has curbed output in a bid to support prices
US, Russia undermine efforts by Opec to tighten supply
Saudi Arabia and Russia lead effort to curb production by 1.8m barrels
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