Oil prices fell on Tuesday as an economic slowdown starts to dent energy demand,...
SINGAPORE - Oil prices fell on Tuesday as an economic slowdown starts to dent energy demand, but markets won some support after Saudi Arabia said a consensus was emerging with other producers about extending supply cuts.
U.S. West Texas Intermediate crude futures were at $53.05 per barrel, down 20 cents, or 0.4%, from their last settlement. To prevent oversupply and prop up the market, the Middle East dominated producer club of the Organization of the Petroleum Exporting Countries , together with some allies including Russia, has been withholding supply since the start of the year to prop up the market.Saudi Energy Minister Khalid al-Falih said on Monday that a consensus was emerging among producers to continue working “to sustain market stability” in the second-half of the year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Oil prices pressured by economic slowdown, but Saudi commitment to supply cuts supportsOil prices were pressured on Tuesday by an economic slowdown that has started to...
Weiterlesen »
Oil prices gain after fall in U.S. crude inventoriesOil prices rose on Thursday after an industry report showed a decline in U.S. cr...
Weiterlesen »
TSA changes policy to allow some CBD oil and medications on planesThe change was prompted by the only FDA-approved drug that contains CBD oil, Epidiolex, which is used to treat seizures in children with epilepsy.
Weiterlesen »
Libya's intensifying conflict could trigger the next major oil 'supply shock,' analysts warnOil output disruption in the country depends very much on how the fighting around Tripoli evolves.
Weiterlesen »
Russia to consider extending oil output cut with OPEC: deputy PMRussia will carefully consider extending its oil output reduction agreement with...
Weiterlesen »
John Bolton says Iran 'almost certainly' bombed oil tankers off the UAE coastBolton also suggested Iran is still seeking a nuclear arsenal despite its adherence to the 2015 nuclear deal.
Weiterlesen »
Oil prices rise on fall in U.S. crude stocks, but trade war worries cap gainsOil prices rose on Thursday after a bigger-than-expected decline in U.S. crude i...
Weiterlesen »
Oil rises on declining U.S. crude stocks, but trade war worries lingerOil prices rose on Thursday after an industry report showed a bigger-than-expect...
Weiterlesen »
States seeking clarity in booming hemp oil marketCongress threw states a curveball when it legalized CBD.
Weiterlesen »
Mexican president urges oil independence amid U.S. trade tensionsMexican President Andres Manuel Lopez Obrador reiterated on Sunday the need for ...
Weiterlesen »
Oil prices slide as trade wars roil financial marketsOil prices fell more than 1% on Monday, extending losses of over 3% from Friday,...
Weiterlesen »