NEW YORK – Oil prices scored fresh five-month peaks on Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output. Eurozone stocks advanced as a drop in inflation raised hopes of a rate cut by the European Central Bank, while Wall Street stocks […]
Oil prices hit fresh five-month high Read More »
Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info By Tom Kool – Apr 03, 2024, 12:30 PM CDT With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this
BofA Sees Summer Oil Price Peak at $95 Per Barrel Read More »
The anticipated changes in fuel prices, contingent upon government approval, are poised to impact consumers across Pakistan. According to sources familiar with the matter, adjustments are expected to commence in the first half of April, potentially resulting in significant shifts in petrol, diesel, and kerosene oil prices. Presently, petrol is priced at Rs 272.75 per
Petrol Price Expected to Surge by Rs 9.94 Litre for Next 15 Days Read More »
Globally, oil prices traded higher in March 2024 as compared to the previous month on a tighter supply outlook and heightened geopolitical risk Published: Sat 30 Mar 2024, 7:35 AM The UAE’s Fuel Price Committee is set to announce petrol and diesel prices for the month of April soon. The prices are revised to align
UAE to announce fuel prices for April: Will prices rise for 3rd consecutive month? Read More »
WTI Oil closed off Thursday at $82.82, close to a fresh five-month high. Oil traders remain bullish despite recent US stockpile build-ups. The US Dollar Index trades in the green, and could post a fresh monthly high. Oil prices have been heading higher in recent weeks, with several elements painting a rather sketchy picture of
Oil looks set to reach $90 despite US production at near full capacity Read More »
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Oil prices end higher, buoyed by geopolitical tensions, Russia’s output cuts Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info By Alex Kimani – Mar 25, 2024, 1:30 PM CDT China’s largest oil refining company China Petroleum & Chemical Corp. aka Sinopec, recorded a 13% decline in its 2024 profits due to lower oil and gas prices. Sinopec reported FY 2024 net income
Sinopec’s 2024 Profits Declined 13% After Oil Prices Fell Read More »
By Eurasianet – Mar 25, 2024, 1:00 PM CDT Kazakhstan’s GDP is expected to grow at a moderate pace in the next two years, driven by oil and consumer spending. Inflation is likely to remain above target in the short term, but is projected to decline over time. The World Bank recommends reforms to improve
Black Sea Disruptions, Oil Prices Threaten Kazakhstan’s Growth Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Mar 22, 2024, 12:30 PM CDT The United States has repeatedly urged Ukraine to halt its drone attacks on Russian oil refineries due to Washington’s assessment that the strikes could led to Russian retaliation and push up global oil prices, the Financial
U.S. Has Urged Ukraine To Stop Attacks on Russian Refineries Read More »
Oil drilling rigs Oil prices declined on Friday, extending their downtrend for the third straight day amid investor anticipation of global interest rates. Futures for Brent crude, scheduled for May delivery, dropped by 0.63%, or $0.54, to $85.24 a barrel, at 10:16 am Makkah time. Similarly, futures prices for US West Texas Intermediate (WTI) crude,
Oil prices decline for third consecutive day Read More »
