LONDON (Reuters) - Oil prices fell on Monday as widespread lockdowns in China and weak economic data...
LONDON (Reuters) - Oil prices fell on Monday as widespread lockdowns in China and weak economic data in the country fuelled fears of a global recession, though the market found some support as the European Union stepped closer to an import ban on Russian crude.
Brent crude was down 28 cents, or 0.3%, at $111.27 a barrel at 0934 GMT, and U.S. West Texas Intermediate (WTI) crude slipped 9 cents, or 0.1%, to $110.40 a barrel.
The fall of oil prices "is chiefly due to the weak Chinese economic data, as the lockdown measures are having a direct impact on the world’s second-largest market," said Barbara Lambrecht, energy analyst at Commerzbank.
It is estimated that 46 cities in China are under lockdowns, hitting shopping, factory output, and energy usage.
OK Gov signs bill targeting anti-fossil fuel financial firms
Oklahoma Gov. Kevin Stitt makes it law—the state will no longer do business with financial...
Oklahoma Gov. Kevin Stitt makes it law—the state will no longer do business with financial firms that discriminate against oil and gas companies.
After legislative approval, House Bill 2034 was sent to the governor who signed the measure last week. Officially known as the “Energy Discrimination Elimination Act,” the new law will require the state treasurer to create a list of financial companies that are boycotting fossil fuel energy companies. HB2034 takes effect Nov. 1.
The average price for a gallon of regular unleaded gas in Oklahoma reached a record amount of...
The average price for a gallon of regular unleaded gas in Oklahoma reached a record amount of $3.98 per gallon Wednesday, a price not seen here since AAA began tracking average fuel prices on national and state levels in 2000.
Nationally, the average cost for the same product also set a record, at $4.40 a gallon.
