Fri, February 03, 2023

Petroleum trading

Oil

Oil rises over 1%

On Thursday, oil increased by more than 1%, helped by hopes that China’s demand outlook and upcoming U.S. inflation data will indicate a slower rise in interest rates. After lifting strict COVID-19 strict curbs, top oil importer China is reopening its economy, boosting confidence that fuel demand will increase in 2023. Brent crude had risen …

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NATURAL GAS

Russia Is Prepared to Restart Gas Supplies to Europe

Alexander Novak told the official news agency TASS that Moscow is prepared to restart gas shipments to Europe through the Yamal-Europe Pipeline. When Poland decided to use the gas already in Germany rather than purchase it from Russia in December 2021, the Yamal-Europe Pipeline’s normal westward flow mostly reversed. Warsaw terminated its agreement with Russia …

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Oil

Oil Is Bouncing

Oil Is Bouncing Oil prices rose on Monday after falling by more than $2 a barrel the previous session, as optimism about the Chinese economy outweighed concerns about a global recession. Following the easing of mobility restrictions, China, the largest crude oil importer in the world, is currently experiencing the first of three anticipated waves …

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Oil

Ease of Geopolitical Tensions Drags Oil Prices Down

The price of oil continued to fall on Thursday as anxieties about global unrest subsided and concerns about demand in China, the world’s largest petroleum importer, increased because of an increase in COVID-19 cases. Fears of the conflict between Russia and Ukraine spilling over the border were eased when Poland and NATO indicated that the …

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