Thursday, July 7, 2022
Tags Crude oil

Tag: Crude oil

Crude slumps by $10 as fear of recession looms

Oil plummeted by about $10 a barrel on Tuesday on concerns of a looming global recession curtailing demand, even with expected supply disruptions as...

Crude may fall to $65 by year end on recession

The crude oil could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling...

Analysts see ‘stratospheric’ $380 oil on worst-case Russian cut

Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase...

Banks refuse to open LCs for Russian crude import

All Pakistani commercial banks have refused to open letters of credit (LCs) for Russian-origin crude oil in the light of economic sanctions by the...

Oil prices down as Biden pushes for fuel cost cuts

Crude oil prices skidded in early trade on Wednesday amid a push by US President Joe Biden to bring down soaring fuel costs, including...

Oil prices climb, but expected US interest rate hike looms

Oil prices rose on Wednesday, rebounding from losses earlier in the session amid concerns over fuel demand and the broader economy ahead of an...

Oil prices fall on global supply concerns; Brent crude reaches $117 a barrel

Oil prices eased slightly in early Asian trade on Friday, after surging to a two-month high in the previous session as investors focused on...

Oil prices ease as EU struggles to seal Russia import ban

Oil prices eased on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten...

Oil prices tumble 4%, weighed down by China lockdowns

Oil prices sank 4 percent on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, sparked demand concerns. Brent crude fell...

Biden bans oil import from Russia over Ukraine invasion

United States President Joe Biden has imposed an immediate ban on Russian oil and other energy imports in retaliation for Russia’s invasion of Ukraine,...

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