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Published 3 years ago

Oil prices rise further on China energy demand concerns

Summary by Al Arabiya

Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating.The Brent crude benchmark rose 35 cents, or 0.4 percent, to $84.68 a barrel by 0827 GMT after falling 0.6 percent on Monday. The contract is still up nearly 7 percent this month.

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Oil prices fall as weaker China growth, U.S. output stoke demand concerns

October 19, 2021By Aaron SheldrickTOKYO (Reuters) – Oil prices fell on Tuesday, with Brent down a second straight day, after Chinese data showed slowing economic growth and U.S. factory output dropped in September, raising fresh concerns about demand amid patchy recovery from the coronavirus pandemic.Brent crude was down by 43 cents, or 0.5%, at $83.90 a barrel by 0132 GMT after falling 0.6% on Monday. The contract is still up nearly 7% this…

3 years ago·San Diego, United States

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Anadolu Ajansı

Greater demand ahead of winter drives oil prices up amid energy crunch

Oil, much in demand as alternative fuel to costly coal, gas, is triggering demand concerns and outstripping supply - Anadolu Agency

3 years ago·Türkiye

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Oil prices rise further on China energy demand concerns

Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating.The Brent crude benchmark rose 35 cents, or 0.4 percent, to $84.68 a barrel by 0827 GMT after falling 0.6 percent on Monday. The contract is still up nearly 7 percent this month.For the latest headlin…

3 years ago·Saudi Arabia

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Business Recorder

Oil prices reverse earlier losses on China energy demand concerns

TOKYO: Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China, the world's biggest...

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