Oil drilling rigs Oil prices fell in Friday trading and were set for a second straight weekly decline as market concerns over a potential US–Iran conflict disrupting supplies continued to ease. April Brent crude futures slipped 0.15%, or 10 cents, to $67.42 a barrel at 09:23 am KSA time. Prices are on track to fall […]
Oil prices decline, set for second straight weekly drop Read More »
West Texas Intermediate (WTI) Oil price edges lower after registering over 1% gains in the previous session, trading around $64.80 during the Asian hours on Thursday. Crude Oil prices face pressure after the US Energy Information Administration (EIA) Crude Oil Stocks Change showed that US crude inventories jumped by 8.53 million barrels last week. At
WTI remains below $65.00 as US crude inventories build last week Read More »
Oil drilling rigs Oil prices settled higher on Friday, backed by a weaker dollar, but posted their first weekly decline since the start of the year amid relatively subdued tensions between the United States and Iran. Brent crude futures for April delivery rose 0.74%, or 50 cents, to $68.05 a barrel, but fell 3.73% over
Oil prices settle higher, post first weekly loss in 2026 Read More »
Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years, a further sign that global supplies are running ahead of demand. State oil producer Saudi Aramco will reduce the price of its Arab Light grade by 30 cents a barrel to parity with the regional benchmark
Saudis cut key oil price for Asian buyers Read More »
Oil prices were steady on Friday, but recorded their first monthly gains in six months, as investors assessed global supply prospects amid ongoing geopolitical volatility. Benchmark Brent crude futures for March delivery — which expired today — settled unchanged at $70.69 per barrel, maintaining weekly gains of 7.30% and surging 16.17% over January. Meanwhile, WTI
Oil prices unchanged, record monthly gains of over 16% Read More »
VW has no intention of retiring the Golf GTI or the Golf R. The Golf R may receive a more powerful engine. An electric Polo GTI debuts this year. The gas-fueled Polo GTI is still available in Europe. Hot hatches may have been born in Europe during the 1970s, but the EU’s stricter emissions regulations
Volkswagen Commits Long-Term To Gasoline Hot Hatches Read More »
Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending January 24, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 423.8 million barrels according to government data, which is 3% below the five-year average for this time
Oil prices continue to rise as US crude oil inventories drop Read More »
Barely three days after an upward review of petrol pump prices, Nigerians may soon contend with another increase as international crude oil prices continue their upward trajectory. Nigeria’s Bonny Light crude climbed to $70.30 per barrel, up from $64 per barrel recorded last week, marking an increase of about 10 per cent and the highest price level so far this
Petrol prices set to rise again as global crude oil market surges Read More »
West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium. Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never
WTI declines to near $64.00 despite elevated geopolitical risks Read More »
Crude oil price rose to $68 per barrel on Thursday, the highest since September 2025. Brent crude, the global oil benchmark, rose by 2.24 percent to $68.88 at 12.40 WAT, while US West Texas Intermediate rose by 1.9 percent to $64.41 a barrel. According to Reuters, oil prices are climbing due to growing fears that
Oil Price Rises to $68 per Barrel, Highest in Four Months Read More »
