admin, Author at EmeraldBay Trading

Stankevicius International Announces SELL Trade for Diesel 10PPM EN590 in UAE

Stankevicius International Announces SELL Trade for Diesel 10PPM EN590 in UAE Dubai, United Arab Emirates, Stankevicius International is pleased to announce a verified SELL trade for Diesel 10PPM EN590 in the United Arab Emirates. The diesel is offered at a competitive price of $650 per metric tonne, with a minimum order quantity of 50,000 metric […]

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Oil Prices Set for Third Weekly Loss in a Row

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Crude oil prices were on course to end the week with the third consecutive loss after OPEC+’s latest meeting surprised observers with the possibility of some supply returning to markets later this year. The prospect, which the cartel said would depend on market conditions, started something of a stampede among oil traders, with prices plunging

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Hefty oil price cuts seen next week

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Brix Lelis – The Philippine Star June 8, 2024 | 9:30am This photo shows a pump from a gasoline station. Edd Gumban / File MANILA, Philippines — Motorists can expect fuel prices to go down next week, according to the Department of Energy. DOE-Oil Industry Management Bureau assistant director Rodela Romero estimated a decrease of

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House explosion in northern Virginia was caused by man igniting gasoline, authorities say

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By MATTHEW BARAKAT Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] ARLINGTON, Va. (AP) — A man who died in a house explosion six months ago outside the nation’s capital deliberately detonated gasoline canisters in his basement that caused the blast, authorities said Friday. Arlington County police in Virginia went to the home of 56-year-old

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Biden Administration Seizes Opportunity to Refill SPR Amid Price Dip

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Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Jun 07, 2024, 1:30 PM CDT The Biden administration has announced the purchase of an additional six million barrels of crude oil for the Strategic Petroleum Reserve

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Stock market today: Asian shares decline after report shows US manufacturing contracted in May

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Author of the article: The Associated Press Elaine Kurtenbach Published Jun 04, 2024 • Last updated 2 hours ago • 3 minute read Asian shares retreated Tuesday, with India’s Sensex dropping as much as 8% as investors who had bought shares after exit polls showed Prime Minister Narendra Modi winning a third term sold to lock

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Oil Prices Under Pressure Despite Expectations of an OPEC+ Deal Extension

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Oil prices remain under pressure this week despite expectations that OPEC+ will agree to extend production cuts at this Sunday’s meeting. Friday, May 31st 2024 The Memorial Day holidays, which usually trigger a bump in gasoline consumption, failed to drive a significant increase in fuel demand, adding downward pressure to oil prices. Overshadowing higher refinery runs

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Oil enters wild ride and falls back in red after PCE numbers

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Oil gives up earlier attempts to avoid losses and falls to session’s low. OPEC+ will convene online to decide on production cuts, with most analysts expecting current cuts to extend into 2025. The US Dollar Index trades further below 105.00 to the mid 104.50-levels. Oil prices were trying to claw back though are back to

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Government Reveals Strategy to Lower Cooking Oil Prices

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The Committee on Trade, Industry, and Cooperatives says it will consult ministry officials and other key stakeholders in the edible oils sub-sector to tackle the rising prices of cooking oil. Aldai Member of Parliament Marianne Kitany, the Committee’s Vice Chairperson, announced the decision during a meeting with a group of edible oil manufacturers in the

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Oil Prices Tumble as Demand Concerns Boost Bearish Sentiment

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Oil prices are experiencing a sharp decline this week, its first in two weeks. The period is ending with four consecutive sessions of losses and Friday is on course to close in the red as well. On Thursday, crude oil settled at multi-month lows, driven by concerns over prolonged high U.S. interest rates which could

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