Oil up, but Covid-19 fuelled fuel demand worries cap gains
Oil was up on Monday morning in Asia, as Libyan tightened supplies ahead of an Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting. Concerns about falling fuel demand as COVID-19 continues to spread also capped gains for the …
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Oil heads for biggest Annual Gains since 2009
Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the …
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Oil Prices Slip After China Cuts Import Quotas
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up despite soaring Omicron coronavirus infections. Brent crude …
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Oil marketing companies make higher margins as crude falls
It is supposedly market-driven pricing, but over the last around nine weeks, state-run oil marketing companies (OMCs) haven’t let the decline in crude oil prices benefit consumers. Instead, these firms have just made higher margins on the sales of auto …
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Oil firms up, nears highest since last November on risk appetite
US oil rose for a sixth consecutive session on Wednesday while Brent gained more ground with a broad-based rally in global markets supporting prices. The benchmark Brent crude rose 23 cents, or 0.3 percent, at $79.17 a barrel by 0101 …
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