Oil prices plunged about $4 on Monday as concerns over slower fuel demand in China grew after authorities in Shanghai said they would shut the country's financial hub for a COVID-19 testing blitz over nine days.
The market kicked off another week of uncertainty, buffeted on one side by the ongoing war between Ukraine and Russia, the world's second-largest crude exporter, and the expansion of COVID-related lockdowns in China, the world's largest crude importer.
"Shanghai's lockdown prompted a fresh sell-off from disappointed investors as they expected such a lockdown would be avoided," said Kazuhiko Saito, chief analyst at Fujitomi Securities Co Ltd. Shanghai's city government said on Sunday all firms and factories would suspend manufacturing or have people work remotely in a two-stage lockdown over nine days, after the city reported a new daily record for asymptomatic COVID-19 infections.Sapping fuel demand further, public transport, including ride-hailing services, will also be suspended during the lockdown.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Soaring Oil Prices Bring Fiscal Windfall to AlaskaSoaring oil prices have brought Alaska its biggest budget surplus in nearly 20 years, along with a debate in Juneau over how to spend the money.
続きを読む »
YouTuber manages to mix oil and water into a milk-like substanceYouTuber The Action Lab shows how oil and water can be mixed to form one phase. The experiment is fun to watch and can easily be tried at home.
続きを読む »
Zelensky to oil nations: Boost output to counter Putin weaponizing energy'The future of Europe depends on your efforts,' the Ukrainian president said Saturday at the Doha Forum.
続きを読む »
In Texas, calls to boost U.S. oil production after Russian invasion run into hard realitiesLabor shortages, supply chain issues, hesitant financial backers and a frosty relationship with the Biden administration have limited how much Texas oil and gas companies are ramping up production.
続きを読む »
Oil Prices Stay High as Russian Crude Shortage Hits MarketThe de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact.
続きを読む »
Russia floats selling oil and gas for BitcoinRussia is considering selling its energy exports for cryptocurrency as the country faces crippling sanctions designed to smother its economy.
続きを読む »