Oil
Bulgaria set to ban Russian oil in blow to Lukoil refinery
Bulgarian lawmakers are set to vote Thursday on ending imports of Russian crude, bringing the country in line with other European Union members, according...
Oil prices climb on crude draw, tight global supply
US oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States...
OPEC sticks to oil demand growth view citing resilient economy
OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are...
Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023
Oil prices jumped about 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined...
Oil prices climb on expectations of lower OPEC+ exports in August
Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand...
Oil prices slip as bearish China data fuels demand concerns
Oil prices eased on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, eclipsing fears...
IEA cuts global oil demand outlook for 2023 as economy slows
Global oil demand won’t grow as fast as previously expected this year due to the faltering economies of developed nations, the International Energy Agency...
Oil eases ahead of China, US data, but OPEC+ cuts limits slide
Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and...
OMV Petrom makes largest crude oil discovery in decades
Romanian oil and gas group OMV Petrom, majority-controlled by Austria's OMV, said on Tuesday it discovered new crude oil and natural gas deposits equal...
Oil rises on Saudi plan to deepen output cuts from July
Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further...