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Oil drops as Russian price cap proposal eases concerns about tight supply

Channel News Asia LogoChannel News Asia2 mo ago

Oil drops as Russian price cap proposal eases concerns about tight supply - Channel News Asia

Quick Summary:

TOKYO :Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations' proposed range for a price cap on Russian oil was higher than current trading levels, alleviating concerns over tight supply.

A greater-than-expected build in U.S.

Oil prices also came under pressure after the Energy Information Administration (EIA) said on Wednesday that U.S.gasoline and distillate inventories had both risen substantially last week.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 10:11:33 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1972 (out of 2815 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 1905047

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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The story "Oil drops as Russian price cap proposal eases concerns about tight supply" was covered 2 months ago by Channel News Asia, a news publisher based in Singapore.

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  • URL: https://beamstart.com/news/oil-drops-as-russian-price-16692766735165

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