Tag: global oil prices
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Commentary: Peak oil demand has arrived
The largest oil-supply disruption in modern history has accelerated the arrival of peak oil demand, says NYU professor Carolyn Kissane.
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US tech shares resume sell-off while oil prices retreat
Global stocks mostly fell Tuesday (Jun 9) as US tech shares faced another round of selling followed recent outsized gains and markets weighed the latest uptick in US-Iran tensions.Oil prices retreated, with
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OPEC+ approves fourth oil output quota hike since Hormuz closure
On Sunday, the seven members decided to increase targets by 188,000 bpd from July, OPEC said in a statement.
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Oil rises, stocks slip on fragile Mideast peace hopes
NEW YORK: Oil prices rose on Wednesday (Jun 3), edging closer to US$100 a barrel while stocks fell as further attacks between the United States and Iran dented hopes of an imminent peace deal.Wall Street indexes tumbled and European stocks were mostly in the red, following a mixed showing
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