Latest in Oil Price Weakness
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With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.Business - The New York Times - 18 hours ago -
Saudi Aramco Profit Falls on Oil-Price Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.Business - The Wall Street Journal - 6 hours ago -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
10-, 30-year U.S. government debt rallies for second day on lower oil and weak manufacturing reading
Long-term Treasury yields fell for a second day on Tuesday as traders reacted to a weaker-than-expected manufacturing reading from the New York Fed and new developments from the Middle East that ...Business - MarketWatch - October 15 -
China's Top Oil Companies Turn in Mixed Results Amid Weak Demand
State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.Business - The Wall Street Journal - October 29 -
OMV Misses Views as Weak Refining, Oil Trading Hit Results
The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.Business - The Wall Street Journal - October 29 -
Oil prices drop over 6% after Israeli airstrikes spare Iran’s oil facilities
Oil futures fell sharply Monday, with U.S. and global benchmark crude posting the largest one-day percentage decline in over two years after widely anticipated Israeli airstrikes against Iran did ...Business - MarketWatch - October 28 -
Reeves cuts National Wealth Fund budget despite UK investment drive
Chancellor’s decision comes as government seeks to work with private sector to decarbonise economyBusiness - Financial Times - October 14 -
Oil prices end lower on progress toward Israel-Hamas cease-fire talks
Oil futures finished lower on Thursday, after comments from U.S. Secretary of State Antony Blinken suggesting progress toward Israel-Hamas cease-fire negotiations eased the risk of disruptions to ...Business - MarketWatch - October 24 -
Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks
Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.Business - The Wall Street Journal - October 25 -
Russian Oil Flows Through Western ‘Price Cap’ as Shadow Fleet Grows
A report shows how Russia has largely evaded sanctions aimed at limiting its revenue from oil sales.Business - The New York Times - October 14 -
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures ended lower Monday to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to ...Business - MarketWatch - October 14 -
Oil price slides amid China slowdown and easing Middle East fears
Brent crude slides by almost $3.50 a barrel to below $74 after Opec cuts forecasts for demand growth. Business live – latest updates Global oil prices have tumbled by almost $3.50 a barrel ...World - The Guardian - October 15 -
Lower oil prices are good for consumers — but a bad sign for the global economy
A significant drop in oil prices may offer consumers reason to celebrate, but it also hints at an economic slowdown in China, the world’s second largest economy.Business - MarketWatch - October 16 -
Treasury yields end at nearly 2-week lows as oil prices fall further and U.K. inflation dives
U.S. government debt rallied slightly on Wednesday, pushing yields broadly lower, as crude-oil futures slipped and the U.K.’s annual consumer-price index inflation rate dropped below the Bank of ...Business - MarketWatch - October 16 -
Oil prices down for 4th straight session as traders weigh supply and demand
Crude futures on Wednesday marked a fourth straight session of declines, with prices holding ground at their lowest in two weeks as traders focused on an uncertain demand outlook — particularly ...Business - MarketWatch - October 16 -
Schlumberger’s stock slumps as falling oil prices turn customers cautious
Schlumberger’s stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.Business - MarketWatch - October 18 -
Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes
The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.Business - The Wall Street Journal - October 24 -
Oil prices finish higher for the week as Middle East worries linger
Oil futures climbed Friday, contributing to a gain for the week, with lingering worries over the potential for a wider Middle East conflict helping to put a floor under crude prices.Business - MarketWatch - October 25 -
Petrol and food prices will fall thanks to oil glut, says World Bank
Downward trend in oil price from higher production, falling demand in China and clean energy to continue. Business live – latest updates Petrol and food prices will fall over the next two ...World - The Guardian - October 29 -
Oil prices edge down to finish at lowest in seven weeks
Oil futures declined on Tuesday, giving up earlier support a day after suffering their largest daily percentage decline in more than two years, with U.S. and global benchmark prices settling at ...Business - MarketWatch - 6 days ago -
Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand
Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...Business - MarketWatch - 5 days ago -
Shell Earnings Beat Views as Gas Trading Offsets Low Oil Prices
Shell’s earnings topped market views thanks to its gas and upstream divisions, partly offsetting low oil prices and weak refining margins that have hit energy majors’ results over the third quarter.Business - The Wall Street Journal - 5 days ago -
Oil prices end higher as risk of Iranian strike on Israel grows
Oil futures finished higher on Thursday, contributing to a gain for the month, as traders weighed the growing risk of an Iranian attack on Israel that would further fuel tensions in the oil-rich ...Business - MarketWatch - 4 days ago -
Oil prices rise after Iranian commanders vow response to Israeli attack
Belligerent comments come as Tehran weighs options in wake of air strikesBusiness - Financial Times - 4 days ago -
Exxon and Chevron suffer profit falls on lower oil prices
Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023Business - Financial Times - 3 days ago -
Oil prices edge higher as traders await U.S. election results
Oil futures edged higher in quiet trade early Tuesday as investors await the outcome of a contentious and close U.S. presidential election.Business - MarketWatch - 1 hour ago -
Oil prices drop over 4% after report Israel won’t target Iran’s oil facilities
Oil futures dropped by more than 4% on Tuesday, with U.S. and global benchmark prices settling at their lowest in about two weeks after a report that Israel will not attack key oil facilities in Iran.Business - MarketWatch - October 15 -
Oil Prices Fall After Israel Reportedly Says It Won’t Target Iran’s Nuclear or Oil Facilities
Brent crude, the international benchmark, was trading at below $74 a barrel on Tuesday, a drop from the $80 range.World - The New York Times - October 15