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Oil drops more than 2 percent as China slowdown bites

8 hours ago DieselGasoil Comments Off on Oil drops more than 2 percent as China slowdown bites
LONDON (Reuters) – Oil prices fell more than 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The gloomy Read More

Oil drops nearly 2 percent as China slowdown bites

11 hours ago DieselGasoil Comments Off on Oil drops nearly 2 percent as China slowdown bites
LONDON (Reuters) – Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The gloomy news Read More

Oil drops more than 1 percent as China slowdown bites

13 hours ago DieselGasoil Comments Off on Oil drops more than 1 percent as China slowdown bites
LONDON (Reuters) – Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The gloomy Read More

Oil prices drop as China economic slowdown threatens to spread

15 hours ago DieselGasoil Comments Off on Oil prices drop as China economic slowdown threatens to spread
SINGAPORE (Reuters) – Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The Read More

Oil prices fall 1 percent as China warns of job losses, Korea growth stalls

17 hours ago DieselGasoil Comments Off on Oil prices fall 1 percent as China warns of job losses, Korea growth stalls
SYDNEY/SINGAPORE (Reuters) – Oil prices fell by around one percent on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo International Brent crude oil futures were Read More

Oil prices fall as economic growth worries spread

19 hours ago DieselGasoil Comments Off on Oil prices fall as economic growth worries spread
SYDNEY/SINGAPORE (Reuters) – Oil prices fell on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo International Brent crude oil futures were at $62.26 per barrel Read More

Oil prices edge down as global growth worries threaten demand

21 hours ago DieselGasoil Comments Off on Oil prices edge down as global growth worries threaten demand
An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo SYDNEY (Reuters) – Oil prices edged lower on Tuesday as concerns over global economic growth stoked fears over future demand. International Brent crude oil futures were down 10 cents, or 0.2 percent, Read More

Oil steadies near two-month high as U.S. drilling slows down

24 hours ago DieselGasoil Comments Off on Oil steadies near two-month high as U.S. drilling slows down
By Grant Smith and Robert Tuttle on 1/21/2019 Drilling rig in Bakken shale play. Photo: Marathon. LONDON and CALGARY (Bloomberg) — Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.3% Read More

Oil edges up as investors latch on to OPEC cuts, supply outlook

1 day ago DieselGasoil Comments Off on Oil edges up as investors latch on to OPEC cuts, supply outlook
LONDON (Reuters) – Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s economic growth is cooling and instead latched on to positive supply-side drivers for the market. A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture taken Read More

Oil falls as slowing China economy dents markets

2 days ago DieselGasoil Comments Off on Oil falls as slowing China economy dents markets
LONDON (Reuters) – Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018. A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture taken January 12, 2017. REUTERS/Chen Aizhu Read More