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World

Reuters
Dec 12, 2024

Oil prices dip amid weak demand, higher US inventories

Global oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in US gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows.

World

Reuters
Dec 06, 2024

Oil prices dip as OPEC+ delays supply increases amid weak demand

Global oil prices edged lower with weak demand in focus after the OPEC+ group postponed planned supply increases and extended output cuts.

World

Web Desk
Oct 14, 2024

Global oil prices drop after weak inflation data from China sparks demand worries

Global oil prices dropped by over $1 a barrel, losing more than 1.5 per cent in early trading on Monday. This decline followed disappointing inflation data from China and uncertainty over Beijing’s economic stimulus plans, raising concerns about weakened demand.

World

Web Desk
Oct 08, 2024

Global oil prices dip as Middle East supply disruption concerns ease

Global oil prices dropped more than $1 a barrel on Tuesday, as traders took profits after Monday’s surge, which had pushed prices to their highest level in over a month.