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Friday, December 05, 2025  
14 Jumada Al-Akhirah 1447  

Oil prices

Oil holds near one-month highs as demand forecasts raised
Business Published 15 Apr, 2021 08:13am

Oil holds near one-month highs as demand forecasts raised

TOKYO (Reuters) - Oil prices were lower on Thursday though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major economies recover from the pandemic.
Oil prices rise on economic outlook, drawdown in fuel stocks
Business Published 11 Mar, 2021 07:24am

Oil prices rise on economic outlook, drawdown in fuel stocks

SINGAPORE (Reuters) - Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month’s Texas storm.
OPEC oil has advantage over U.S. shale during pandemic recovery
Business Published 03 Mar, 2021 11:48am

OPEC oil has advantage over U.S. shale during pandemic recovery

(Reuters) - The once-brash U.S. shale industry, which spent profusely in recent years to grab market share, is now focused on preserving cash, putting it at a disadvantage to low-cost OPEC producers as the global economy begins to gear up again.
Oil optimism unwinding market's mad dash for storage
Business Published 02 Mar, 2021 10:52am

Oil optimism unwinding market's mad dash for storage

LONDON/NEW YORK/SINGAPORE (Reuters) - When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts.