By Irina Slav – Aug 19, 2024, 2:04 AM CDT Oil prices declined this week due to weak economic reports from China, signaling a potential decrease in demand. Despite ongoing tensions in the Middle East and the Russia-Ukraine conflict, the bearish sentiment from China’s economic data prevailed. China’s gasoline exports in July fell over 35% […]
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Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Aug 16, 2024, 5:00 PM CDT U.S. average gasoline prices fell week over week on Friday, at $3.42 per gallon—the cheapest Friday since March, according to Gas
Gasoline Prices Fall as Summer Driving Season Winds Down Read More »
Oil drilling rigs Oil prices declined on Friday, but they are heading for their second straight weekly gain, supported by positive economic data and eased recession concerns. Brent crude futures for October delivery fell 0.36%, or $0.29, to $80.75 a barrel, at 08:21 Makkah time. Similarly, futures prices for US West Texas Intermediate (WTI) crude
Oil prices fall, on track for second straight weekly gain Read More »
Oil prices are slowly but surely recovering after four consecutive weeks of declines, with Brent nearing $80 as geopolitical risk and demand optimism boost bullish sentiment. Friday, August 9th, 2024 Recovering from Monday’s giant stock selloff, oil prices are set for a much-needed weekly gain after four straight week-over-week losses as ICE Brent flirts with
Brent Flirts With $80 as Recession Fears Ease Read More »
Chinese consumer electric vehicle sales rose 28.6% year-on-year in July to overtake sales of internal combustion engine vehicles for the first time in history, the China Passenger Car Association said on Thursday. This represented an EV penetration rate of 51.1%, which officially means that EVs are going mainstream over gasoline vehicles in the world’s largest
EVs overtake monthly gasoline car sales for first time in China Read More »
Oil prices are sinking just less than 3% on Monday, with US markets taking over the sour tone from Asia and Europe in its first day of trading for this week. The Japanese stock market performance was a sign on the wall with its worst performance since… https://www.fxstreet.com/news/oil-sinks-despite-geopolitical-turmoil-overhang-202408051030
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Oil prices on track for 4th straight weekly decline on worries over demand Read More »
Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Aug 02, 2024, 9:16 AM CDT Oil prices were dropping on Friday morning as traders returned to focus on demand concerns in the light of no immediate escalation in the Middle East following Iran’s
Oil Prices Fall Back as Demand Concerns Return Read More »
By Editorial Dept – Aug 02, 2024, 8:00 AM CDT The crude oil market experienced significant volatility this week, with prices spiking due to a combination of geopolitical tensions and supply concerns, but ultimately being held back by demand uncertainty. Middle East Powder Keg Ignites Oil Rally The week began with oil prices edging lower,
A Week of Turmoil in Oil Markets Read More »
