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Oil Falls After EIA Confirms Small Crude Inventory Build

On November 21, 2024, 4:39 AM Crude oil prices dipped today after the U.S. Energy Information Administration reported an inventory build of 500,000 barrels for the week to November 15. At the time of writing, Brent crude was trading at $73.26 per barrel, with WTI at $69.50 per barrel. The change compared with a build of 2.1 million barrels for the previous week,

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Good News! No Hike in Petroleum Prices as Govt Keeps Rates Unchanged

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The federal government has announced that petrol and diesel prices will stay the same for the next two weeks. Petrol will remain at Rs. 248.38 per liter, and high-speed diesel will continue to cost Rs. 255.14 per liter. This decision was made after reviewing recent changes in global oil prices. The Oil & Gas Regulatory

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‎Oil prices fall over 1% on supply glut concerns

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Oil drilling rigs Oil prices deepened their losses on Friday after the International Energy Agency forecasted a supply surplus exceeding one million barrels per day in 2025, amid concerns about demand from China. Brent crude futures for January delivery dropped 2.1%, or $1.52, to settle at $71.04 a barrel, with a weekly loss of 3.85%.

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‎Oil drops as Hurricane Rafael likely to start weakening

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Oil drilling rigs Oil prices fell on Friday as the US authorities forecast the Hurricane Rafael to start weakening as of today. Investors are also assessing global supply and demand prospects in light of Trump administration policies and the slowdown in the Chinese economy. Brent crude futures for January delivery dropped 0.54%, or $0.41, to

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Oil prices end with a modest loss as Trump’s win lifts the dollar

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Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

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Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in

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Nigeria’s Dangote Ships Gasoline by Sea as Key Unit Ramps Up

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‎Oil prices rise, set for weekly gain

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Oil drilling rigs Oil prices rose slightly on Friday, heading toward weekly gain, as tensions in the Middle East kept the market on edge. Meanwhile, investors await further details on Chinese stimulus packages. Brent crude futures rose 0.23%, or $0.17, to $74.55 a barrel, at 8:05 am Makkah time. Similarly, futures prices for US West

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Malaysia’s palm oil surge: What’s driving prices to biggest highs since 2022?

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Malaysia’s palm oil surge: What’s driving prices to biggest highs since 2022? https://www.malaymail.com/news/money/2024/10/25/malaysias-palm-oil-surge-whats-driving-prices-to-biggest-highs-since-2022/154752

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