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Crude Oil Oil Demand to Grow by 2.2 million Barrel Daily – OPEC The Organisation of Petroleum Exporting Countries (OPEC+) has further extended its oil production cuts this month, with a target to push oil price to $100 a barrel. The decision was anything but unexpected and, unlike previous production policy announcements, it had the
Oil Demand to Grow by 2.2 million Barrel Daily – OPEC 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 – Apr 11, 2024, 7:00 PM CDT High decline rates for shale wells usually set in soon after commissioning. The U.S. oil rig count is currently 20% below its post-pandemic peak after flatlining
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls Read More »
By Robert Rapier – Apr 11, 2024, 5:00 PM CDT Department of Energy cancels solicitations for Bayou Choctaw SPR site deliveries, citing oil price increases. Despite promises to refill the SPR, Biden Administration halts purchases as market dynamics shift. Predictions of limited SPR replenishment align with historical trends of presidential actions in election years to
Biden Administration’s SPR Plans Derailed by Oil Price Surge Read More »
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] DETROIT (AP) — Ford is recalling nearly 43,000 small SUVs because gasoline can leak from the fuel injectors onto hot engine surfaces, increasing the risk of fires. But the recall remedy does not include repairing the fuel leaks. The recall covers certain Bronco Sport SUVs from the
China becomes top greenfield investor in Saudi Arabia with $16.8bn Updated 04 April 2024 April 04, 2024 16:29 China becomes top greenfield investor in Saudi Arabia with $16.8bn Updated 04 April 2024 Arab News April 04, 2024 16:29 RIYADH: China has become the top greenfield foreign direct investor in Saudi Arabia with investments amounting to
On Thursday, the rupee recovered 14 paise to close at 83.39 against the US dollar (Photo: X@ANI) The rupee depreciated 6 paise to 83.45 against the US dollar in early trade on Friday, as market participants remained cautious ahead of the announcement of the Reserve Bank of India’s rate-setting panel’s decision. Forex traders said the
Rupee declines 6 paise to 83.45 against US dollar in early trade today Read More »
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 »
