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NEW YORK (Reuters) - Oil slipped for a fourth day on Wednesday, weighed down by expectations of weaker demand in Europe and by rising U.S. crude inventories.
FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant/File Photo
Several European countries have paused the use of AstraZeneca’s COVID-19 vaccine on worries over possible side effects. Germany is seeing rising coronavirus cases, Italy is imposing a nationwide Easter lockdown and France plans to enforce tougher curbs.
“The suspension will not do the bloc’s economic and fuel recovery any favours,” said Stephen Brennock of oil broker PVM. “The hope now is that Europe can get its sluggish vaccine rollout back on track.”
Oil slips for fourth day on Europe demand concerns
Several European states have paused use of AstraZeneca’s Covid-19 vaccine due to worries over side effects
REUTERS
March 17, 2021
Several European states have paused use of AstraZeneca’s Covid-19 vaccine due to worries over side effects. PHOTO: REUTERS
LONDON:
Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed US crude stockpiles unexpectedly fell last week.
Several European countries have paused the use of AstraZeneca’s Covid-19 vaccine due to worries over possible side effects. Germany is seeing rising coronavirus cases, while Italy is imposing a nationwide Easter lockdown.
2021-03-17 11:36:07 GMT2021-03-17 19:36:07(Beijing Time) Xinhua English
VIENNA, March 17 (Xinhua) The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 66.89 U.S. dollars a barrel on Tuesday, compared with 68.18 dollars per barrel on Monday, according to OPEC Secretariat calculations released Wednesday.
Also known as the OPEC reference basket of crude oil, the OPEC basket, a weighted average of oil prices from different OPEC members around the world, is used as an important benchmark for crude oil prices. Enditem
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Assist to bring back detained Nigerians, Lawan urges Saudi Govt
On
…As Senate President pushes for increased quota for crude production
President of the Senate, Ahmad Lawan, has appealed to the government of Saudi Arabia to assist Nigeria in bringing back over ten thousand citizens held in detention in Saudi Arabia.
Lawan made the appeal on Wednesday when the Saudi Arabia Ambassador to Nigeria, Faisal Eebraheem Alghamdi, paid a visit to his office at the National Assembly, Abuja.
The Senate President, while underscoring the role of the Ninth Assembly in ensuring compliance to bilateral and multi-lateral agreements entered into by the Nigerian government, disclosed that ongoing efforts were underway to evacuate citizens held back in Saudi Arabia.
IEA says oil supercycle unlikely but gasoline demand may have peaked reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.