Tag Archives: sanctions

Oil prices fell on Monday, giving up previous gains, with the world’s major producers expected to keep production unchanged during an upcoming meeting this week, and as investors warned ahead of a Federal Reserve meeting that could spark market volatility. Brent crude futures fell 20 cents, or 0.2 percent, to …

Oil prices rose slightly on Friday, extending their gains for the second session in a row, supported by strong US economic data and mounting hopes for a recovery in demand after the reopening of the Chinese economy. By 0113 GMT, Brent crude futures were up 30 cents, or 0.3 percent, …

Oil prices rose in early Asian trade on Thursday after a less-than-expected build in US crude inventories, while a weaker dollar made oil less affordable for buyers of other currencies. By 0119 GMT, Brent crude futures rose 12 cents to $86.24 a barrel, while West Texas Intermediate crude futures rose …

Oil prices fell on Wednesday, adding slightly to losses in the previous session, as rising US crude inventories and fears of a global recession offset optimism about a recovery in demand in China. Crude oil prices have risen this year amid China ending anti-coronavirus restrictions and hopes the Federal Reserve …

Crude oil prices stabilized on Tuesday amid concerns about the global economic slowdown and the expected increase in US oil inventories, which was offset by hopes for a recovery in fuel demand from China, the world’s largest oil importer. Brent crude fell 30 cents, or 0.3 percent, to $87.89 a …

Oil prices fell on Monday in the beginning of limited trading due to the Lunar New Year holiday in East Asia, but maintained most of the gains made last week on the back of the possibility of an economic recovery in China, the largest oil importer, this year. Brent crude …

Oil prices rose on Friday on optimism that the Federal Reserve will end the monetary tightening cycle, boosting the economy and supporting fuel demand. By 0113 GMT, Brent crude futures for March delivery rose 48 cents, or 0.6 percent, to $86.64 a barrel, while US crude prices increased 54 cents …

The Interfax news agency quoted Russian Deputy Prime Minister Alexander Novak as saying on Thursday that Russian oil production in January did not decline, and that it was proceeding at the same pace as in December.

Russia’s Deputy Finance Minister said that Moscow will decide whether to increase its oil production based on the results of the first quarter of 2023, following the imposition of an EU embargo on Russian oil exports and a price cap from the West. Russian President Vladimir Putin criticized the West’s …

Vedomosti newspaper reported on Wednesday that Russia is considering three options, including banning oil sales to some countries and setting a maximum discount at which it will sell its crude, in order to counter the price cap imposed by Western powers on Russian oil. The $60 per barrel price cap, …