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Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy Wilts
EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.
Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains
Dec 31, 2022 05:28 PM
China, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but said it plans to step up support for the economy in 2023.
World Shares Extend Rout, Oil Prices Drop On Recession Worries
Dec 31, 2022 05:27 PM
The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.
World Shares Extend Rout, Oil Prices Drop On Recession Worries
Dec 31, 2022 05:27 PM
The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.
Oil Prices Climb By $2 Amid Forecasts For 2023 Demand Uptick
Dec 31, 2022 05:26 PM
Brent crude futures settled up $2.02, or 2.4%, to $82.70 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up $1.94 to $77.28.
Russia Replaces Iraq As Top Oil Supplier To India In November
Dec 31, 2022 05:26 PM
India's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.
Oil Rises To Over $80/bbl As Dollar Slumps On Slowing Inflation
Dec 31, 2022 05:26 PM
The market was also buoyed by concerns about supply disruptions, including the ongoing shutdown of the Canada-to-United States Keystone crude pipeline following a massive leak last week.
Turkey Reaches Deal Over New Crude Tanker Insurance Regulations
Dec 31, 2022 05:26 PM
The Turkish measures, which came into effect on Dec. 1, requires vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.
Ecuador's State Oil Firm Says Weather Power Outage Hits Hundreds Of Wells
Dec 31, 2022 05:26 PM
In a statement, Petroecuador did not estimate the impact of Sunday's incident on its production levels, but said it was working to normalize output in the coming days after the resulting power outage affected 728 of its wells.
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