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 »
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Oil Inches Lower in Cautious Trade Ahead of Fed Meeting Read More »
Forex traders said foreign fund outflows and elevated crude oil prices in the international market also dented investors’ sentiments Top Stories Photo: Reuters Published: Fri 15 Mar 2024, 9:27 AM The rupee depreciated 12 paise to 82.96 against the US dollar (23.04 UAE dirhams) in early trade on Friday, weighed down by a strong American
Indian rupee falls 12 paise against UAE dirham in early trade Read More »
Oil drilling rigs Oil prices saw a slight decline on Friday, but they are still up by about 4% for the week, supported by the first decrease in US inventories since January and geopolitical tensions. Brent crude futures for May delivery traded 0.12% lower, after rising by about 4.3% over the past two sessions, at
Oil marginally lower on Friday, bound for weekly gains Read More »
Author of the article: The Associated Press Elaine Kurtenbach And Matt Ott Published Mar 15, 2024 • Last updated 28 minutes ago • 2 minute read BEIJING — Wall Street posted small gains in early trading Friday as markets try to close out another up-and-down week on the positive side. Futures for the S&P 500 and
