Oil prices resume slide, market seen volatile in near term

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

A weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the US and Russian threats of a production cut.

Good news for drivers of petrol cars; not so much for diesel drivers. Picture: SUPPLIEDOil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the US and Russian threats of a production cut.

China, the world’s biggest crude oil importer, continued to loosen its strict zero-Covid policy, though streets in the capital Beijing remained quiet and many businesses stayed shut over the weekend. UBS said it believed Brent should recover to above $100 per barrel in the coming months amid supply constraints and rising demand while Opec+ would keep supply tight.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Oil rebounds as key pipeline remains shut and China eases curbsOil rebounded as a key North American pipeline remained shut and on the potential boost to demand from the easing of virus curbs in China.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Turkey oil tanker logjam snarls Russia oil sanctions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday. Bravo!!! 🇹🇷 👏 let POTUS stress a bit! Christmas is fast approaching, Never depend on your monthly salary,I never knew I would be earning much trading online with the help of AmelieLemaire0
Herkunft: SABCNews - 🏆 37. / 51 Weiterlesen »

Ukraine attacks occupied Melitopol, Russian side says two killed - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Ukraine attacked occupied Melitopol in the country’s southeast on Saturday evening, the Russian-installed and exiled Ukrainian authorities of the strategically located city said.
Herkunft: SABCNews - 🏆 37. / 51 Weiterlesen »