Thursday, January 20th, 2022

Tag: oil

Oil supply in focus amid omicron Covid variant fears

Oil rigs work on platforms in Gaoyu Lake in Gaoyou in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images OPEC and non-OPEC oil producers, an influential group known as...

Oil output policy in focus as omicron rattles markets

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters A group of some of the world’s...

omicron Covid, China factory activity, oil prices

SINGAPORE — Australian stocks were muted in Wednesday morning trade following an overnight tumble stateside as investors continued to assess the impact of the recently discovered omicron Covid variant. The S&P/ASX 200 was little...

Chinese factory activity data for November, oil prices

SINGAPORE — Shares in Asia-Pacific mostly rose in Tuesday trade as Japanese stocks led gains regionally, with investors reacting to the release of Chinese factory activity data for November. Japan’s Nikkei 225 gained 1.26%...

Biden ready to release more oil reserves to cool price: Amos Hochstein

A truck passes pumpjacks in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images News | Getty Images President Joe Biden’s administration stands ready to release even...

Oil drops 11% in worst day of 2021, breaks below $70 as new Covid variant sparks global demand concerns

Working oil pumps against a sunset sky. Imaginima | E+ | Getty Images Oil prices tumbled to the lowest level in more than two months Friday as the new Covid-19 strain sparked fears about...

New Covid variant roils global markets with oil sinking 5%

Registered Nurse Savanah Wagstaff watches as Aliza Burns, a nursing student at Brigham Young University–Idaho, treats a coronavirus disease (COVID-19) positive patient in his isolation room at Madison Memorial Hospital in Rexburg, Idaho, U.S.,...

Releasing oil from reserves is a ‘bad policy choice’: Dan Brouillette

Oil wells pumping outside of Midland Texas. Joe Sohm | Visions of America | Universal Images Group | Getty Images The Biden administration’s decision to release oil from U.S. reserves is a “mistake,” former...

Oil headed for $100 despite U.S. efforts to release reserves: Analyst

Oil prices could climb higher despite the U.S. and other major consumers releasing millions of barrels of oil from their reserves to try to keep energy prices down, one analyst told CNBC. “It’s not...

China’s benchmark lending rate, oil prices, currencies

SINGAPORE — Shares in Japan looked set to drop at the Monday open as investors in Asia-Pacific look ahead to the release of China’s latest benchmark lending rate. The Nikkei futures contract in Chicago...