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Analysis-Global oil markets weaken as sluggish demand leaves overhang

Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark crude futures. The weakness indicates high interest rates and inflation are depressing consumer and industrial demand, especially in Europe, at a time when supply is rising from non-OPEC producers such as the United States. Demand from refiners is soft, even though their crude intake capacity has increased with the end of springtime maintenance.

United statesNorth seaOceans generalUnited arab emiratesCity ofUnited kingdomNeil crosbyAlex lawlerTamas vargaGary mcwilliamsFlorence tanPaul sankeyLiz hamptonSusan fentonRobert harveyDmitry zhdannikov

Global oil markets weaken as sluggish demand leaves overhang

Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark crude.

United statesUnited arab emiratesCity ofUnited kingdomNorth seaOceans generalSusan fentonFlorence tanLiz hamptonTamas vargaNatalie groverOle hansenRobert harveyDmitry zhdannikovPaul sankeyAlex lawler

Analysis-Global Oil Markets Weaken as Sluggish Demand Leaves Overhang

Analysis-Global Oil Markets Weaken as Sluggish Demand Leaves Overhang
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

United arab emiratesNorth seaOceans generalCity ofUnited kingdomUnited statesSusan fentonPaul sankeyDmitry zhdannikovNeil crosbyOle hansenRobert harveyNatalie groverLiz hamptonGary mcwilliamsTamas varga

Report: Nigeria s Glut of Unsold Oil Starts to Shrink as Prices Weaken – THISDAYLIVE

Report: Nigeria s Glut of Unsold Oil Starts to Shrink as Prices Weaken – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Asia Distillates-Markets little changed, paper activity still burgeoning | Hellenic Shipping News Worldwide

Asia Distillates-Markets little changed, paper activity still burgeoning | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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