By Tom Kool – Aug 30, 2024, 11:00 AM CDT Analysts reduce price forecast: Reuters poll. The experts in the monthly Reuters poll now see Brent Crude prices averaging $82.86 per barrel this year. Oil prices continued to be under pressure despite the outage in Libya. Weaker-than-expected Chinese oil demand and high inventories globally have […]
Analysts Cut Oil Price Forecasts for Fourth Consecutive Month Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Aug 29, 2024, 3:11 AM CDT Crude oil prices ticked higher earlier today, after posting two daily losses, as the shutdown of oil fields in Libya took precedence
Oil Prices Inch Higher as Libya’s Oil Outage Outweighs Demand Fears Read More »
Two police officers have been confirmed dead and three others left unconscious as Shi’ite members attacked police officers in Abuja on Sunday. The proscribed organisation attacked the police checkpoint unprovoked, wielding machetes, improvised explosive devices (locally made bombs in bottles with kerosene), and knives. JUST-IN: Vehicles Burnt As Shiites Clash With Police In Abuja
JUST-IN: 2 Officers Die, 3 Unconscious As Shi’ite Attack Police Read More »
Oil price rallies higher, away from $72.00 ahead of Jackson Hole. Saudi Arabia reports three-year low in sales from its Oil exports The US Dollar Index hits a new low for 2024 and flirts with the 101.00 barrier. Oil prices are floating around $72.00 after headlines emerge on a big miss in Oil sales numbers
Oil tiptoes just above the monthly low after Saudi’s report lowest three year revenue Read More »
On August 22, 2024, 2:19 AM Crude oil prices moved higher today after the U.S. Energy Information Administration reported a decline in inventories for the week to August 16. Those shed 4.6 million barrels over the period, compared with a build of 1.4 million barrels that surprised traders last week. On Tuesday, the American Petroleum Institute reported another unexpected inventory increase,
Oil Ticks Higher as EIA Reports Inventory Draws Across the Board Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Aug 21, 2024, 7:00 PM CDT Oil prices fell sharply on Thursday with WTI front-month futures falling to $72 per barrel. China demand concerns continue to dominate the narrative in oil markets.
Standard Chartered: Oil Demand Isn’t as Bearish as You May Think Read More »
By STAN CHOE Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] NEW YORK (AP) — U.S. stocks climbed Monday as Wall Street pulls closer to its record heights following its roller coaster of a summer. The S&P 500 rallied 1% for its eighth straight gain. That clinched its longest winning streak since November and followed
Global stocks are mixed after Wall Street’s best week of the year; yen rallies Read More »
MOSCOW- The Russian government has extended its ban on gasoline exports until Dec. 31, the Cabinet of Ministers said in a Telegram statement Wednesday. According to the statement, the decision was made to maintain a stable situation in the fuel market during the ongoing seasonal demand and scheduled repairs carried out at oil refineries. From
Russia extends ban on gasoline exports till year end Read More »
Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Aug 13, 2024, 9:45 AM CDT Oil prices are under pressure from continued demand concerns but geopolitical risks and the recent rally from last week’s crash means Brent is still sitting comfortably above the
Oil Prices Under Pressure Despite Continued Geopolitical Uncertainty Read More »
USD/CAD loses ground due to higher WTI price amid escalating supply fears. Israel Defense Forces (IDF) intercepted around 30 “projectiles” that crossed from Lebanon early Monday. CME FedWatch Tool suggests a 46.5% chance of a 50-basis point Fed-rate cut in September, against 74.0% a week ago. USD/CAD continues to lose ground for the seventh consecutive
USD/CAD extends losses to near 1.3750 as Oil prices rise due to supply concerns Read More »
