Oil falls on China growth concerns even as EU weighs Russia import ban Posted on May 2, 2022 by cngpump Prices fell after China released data on Saturday showing that factory activity in the world’s second-largest economy contracted for a second month to its lowest since February 2020 because of COVID lockdowns. Related posts: Petronet may look at building 4th LNG import terminal Oil price falls below $100, eases pressure on oil marketing companies Oil rebounds as supply concerns dominate Oil price falls 5 per cent, cools down from Russian oil shock rally India’s February oil imports surge as refiners boost runs to meet demand Oil edges lower as mass COVID testing begins in China Oil stabilises after big drop on IMF growth cut China’s Sinopec pauses Russia projects, Beijing wary of sanctions Putin, Saudi Crown Prince upbeat on OPEC+ cooperation on oil market Live updates: U.S. House approves Russia oil import ban bill