Cars
Reuters
Jul 31, 2022, 5:54 AM
The rise in oil prices comes after the US announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year.
2 Min
Reuters | Jul 31, 2022Oil Prices Settle Down On Fears Of Fed And Oil Profit TaxOil prices settled lower on Tuesday on fears the U.S. Federal Reserve will surprise markets with a higher-than-expected interest rate hike.2 mins read
Reuters | Jul 31, 2022Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi PricingSaudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May2 mins read
Reuters | Jul 31, 2022Oil Extends Gains As Major Producers Flag Capacity LimitsSaudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.2 mins read- Reuters | Jul 31, 2022Oil Jumps 4% As U.S. Gasoline Prices Hit Record HighOil prices rose about 4% as U.S. gasoline prices jumped to a record high.2 mins read
- Reuters | Jul 31, 2022Oil Above $120 A Barrel Ahead Of EU Meeting On Russia SanctionsThe EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation".2 mins read
- car&bike Team | Jul 31, 2022Oil Tumbles About 6% As China COVID Lockdowns WeighCrude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.2 mins read
- Reuters | Jul 31, 2022Oil Climbs Above $121 A Barrel As China Eases Restrictions, EU MeetsOil prices hit a two-month high at $121 per barrel as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.2 mins read
- Reuters | Jul 31, 2022Oil Prices Extend Gains After EU Bans Most Russia Oil ImportsEuropean Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of 20222 mins read
