Oil futures fell sharply Monday after a three-day weekend, with weakness attributed to concerns over the decision by the Organization of the Petroleum Exporting Countries and its allies to ease output curbs, along with indications more supply from Iran is making its way to market. West Texas Intermediate crude for …
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Oil futures fell Monday, under pressure as the Organization of the Petroleum Exporting Countries and its allies debate the fate of existing output curbs in the face of a renewed rise in COVID-19 cases in the U.S. and Europe. But crude was still set to log a large monthly rise …
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Oil futures inched lower on Monday, undercut by continued demand worries, as the Organization of the Petroleum Exporting Countries further reduces its outlook for demand growth, as well as the potential for more oil from Libya. A storm in the Gulf of Mexico, however, threatens to disrupt energy output in …
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Shoppers walk by a discoloured patch of pavement in The Maltings shopping centre in Salisbury, southern England on September 4, 2020 . adrian dennis/Agence France-Presse/Getty Images The U.K. economy expanded by 6.6% in July, for its third consecutive monthly increase, according to data released Friday. The U.K. Office for National …
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Oil futures declined on Wednesday, failing to find support from a hefty weekly drop in U.S. crude supplies and production as output in the Gulf of Mexico has seen a strong recovery from Hurricane Laura. The supply declines from the Energy Information Administration were “not surprising,” as Hurricane Laura caused …
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An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Key members of the Organization of the Petroleum Exporting Countries and …
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