Premium Content By Robert Rapier – Mar 12, 2024, 4:00 PM CDT The SPR was aggressively depleted by 291 million barrels during Biden’s first two and a half years, primarily in response to rising gasoline prices and the Ukraine crisis. Critics argue this depletion compromises U.S. energy security, while supporters claim decreased dependency on imports […]
Biden’s SPR Gamble Sparks Debate Over U.S. Energy Security Read More »
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 – Mar 12, 2024, 3:45 PM CDT Crude oil inventories in the United States fell this week by 5.521 million barrels for the week ending March 8, according
Inventory Draws Across The Board Jolt Oil Prices Read More »
RIYADH: Saudi banks extended loans totaling SR2.62 trillion ($700 billion) in January, marking an 11 percent rise from the same month in 2023, according to official data. Figures released by the Kingdom’s central bank showed an increase in personal loans accounted for 33 percent of this growth, while the remaining 67 percent was attributed to
Oil Updates – prices up as Middle East tensions persist, demand concerns cap gains Read More »
WTI price extends its losing streak on demand concern following Chinese oil import data. China’s oil imports fell to 10.8 million bpd in the first two months of the year, compared to 11.44 million bpd in December. Crude oil prices could find support from a weakening US Dollar amid growing expectations of a Fed rate
WTI falls to $77.00 on falling Chinese oil imports-led demand concerns Read More »
Oil drilling rigs Oil prices rose on Friday after the release of official data in the US, China, and India showing the continued demand strength. Futures for Brent crude, scheduled for May delivery, rose by 0.52% to $83.39 at 9:21 AM Makkah time. Similarly, futures prices for US West Texas Intermediate (WTI) crude gained 0.68%
Oil prices rise on strong demand Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Mar 04, 2024, 2:30 PM CST Oil prices shed over 1% on Monday despite rising tensions in the Red Sea and on the front lines of the Israel-Hamas conflict, with OPEC+ extending voluntary production cuts and demand sentiment taking a beating
WTI Sheds Over 1.6% As Demand Trumps Everything Else Read More »
Globally, oil prices rose by 3.34% or $2.6 a barrel in February 2024 as compared to the previous month Photo: AFP Published: Wed 28 Feb 2024, 12:45 PM The UAE’s Fuel Price Committee is expected to announce petrol and diesel rates for March on Thursday, February 29, to align them with international prices. Globally, oil
UAE to announce petrol, diesel prices for March: Will rates go up? Read More »
