New York, U.S. | Xinhua | Oil prices eked out modest gains on Monday as market participants weighed Russia’s plan to cut its oil production. The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53 percent, to settle at 80.14 U.S. dollars a barrel on the New York …
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Houston, U.S. | Xinhua | Oil prices are falling. Now many experts expect the trend to continue over the next two years, with significant uncertainties ahead. PROJECTED FALLING PRICES The U.S. Energy Information Agency (EIA) forecast earlier this month that the average Brent crude oil price would decrease from 100.94 U.S. …
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New York, U.S. | Xinhua | Oil prices fell sharply on Tuesday amid growing concerns over the global economic outlook. The West Texas Intermediate for February delivery dropped 3.33 U.S. dollars, or 4.15 percent, to settle at 76.93 dollars a barrel on the New York Mercantile Exchange. Brent crude for March …
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New York, U.S. | Xinhua | Oil prices fell on Thursday as traders grew concerned that major central banks’ policy tightening would trigger a global recession and cripple demand for energy. The West Texas Intermediate (WTI) for January delivery lost 1.17 dollars, or 1.5 percent, to settle at 76.11 U.S. dollars …
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New York, U.S. | Xinhua | Oil prices fell on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) lowered its global oil demand growth estimates for both 2022 and 2023. The West Texas Intermediate for November delivery decreased 2.08 U.S. dollars, or 2.3 percent, to settle at 87.27 dollars …
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Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Wednesday announced a major production cut of 2 million barrels per day (bpd) starting November to bolster oil prices that have recently tumbled over recession fears. The oil alliance …
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Vienna, Austria | Xinhua | The OPEC+ oil cartel will meet in Vienna at the ministerial level on Oct. 5 to discuss future output strategy, according to a statement issued by the organization on Saturday. It’s the first in-person meeting at the ministerial level for OPEC+ since March 2020 when COVID-19 …
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New York, U.S. | Xinhua | Oil prices fell on Friday as traders worried about a deteriorating demand outlook. The West Texas Intermediate (WTI) for November delivery decreased 1.74 U.S. dollars, or 2.1 percent, to settle at 79.49 dollars a barrel on the New York Mercantile Exchange. Brent crude for November …
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New York, U.S. | Xinhua | Oil prices rose on Tuesday after hitting their lowest levels since January in the prior session. The West Texas Intermediate for November delivery increased 1.79 U.S. dollars, or 2.3 percent, to settle at 78.5 dollars a barrel on the New York Mercantile Exchange. Brent crude …
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New York, U.S. | Xinhua | Oil prices eked out modest gains on Friday as traders awaited a key meeting from major oil producers. The West Texas Intermediate for October delivery added 26 cents, or 0.3 percent, to settle at 86.87 U.S. dollars a barrel on the New York Mercantile Exchange. …
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