Oil prices rose today, April 12, as the Middle East tension escalation raised the risk of supply disruptions from the oil-producing region, though the market is set for a weekly loss on expectations of fewer US interest rate cuts this year. Brent crude futures increased 0.9%, or $0.79, to $90.53 a barrel, at 9:00 GMT. […]
Oil prices rebound as Middle East tensions escalate Read More »
WTI trades back above $86 after whipsawing around it this week. Oil price rises near 1% despite EIA calls for a negative outlook on Oil demand. The US Dollar Index surges close to 106.00 and sets forth a fresh five-month high. Oil prices are jumping higher again on Friday after the small 0.75% decline from
Oil rallies over 2% with Middle East tensions nearing war status Read More »
This article was produced by National Geographic Traveller (UK). Rome, Venice, Capri — the list of locations for the new Netflix series, Ripley, reads like the recipe for a bucket-list trip through the best of Italy. Patricia Highsmith was inspired to write The Talented Mr Ripley, the book on which the series is based, during
Ripley, White Lotus and more: why Hollywood is obsessed with Italy Read More »
Premium Illustration: Binay Sinha Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices. An increase in companies’ core
Crude realisation: Oil’s slick grip threatens corporate margins, profits Read More »
The group, whose estate currently comprises 58 bars and 22 pubs under the Revolution, Revolución de Cuba and Peach Pubs brands, says that without the additional funding and the cost savings delivered through the restructuring plan it would face liquidity pressures from the first quarter of next year. It follows the closure of eight sites
Revolution Bars plots further closures as it sets out restructuring plan Read More »
Crude oil imports averaged 6.4 million bpd, declining by 183,000 bpd from the previous week. Crude oil imports were slighly lower than the four-week average of 6.5 million bpd. Strategic Petroleum Reserve increased from 363.8 million to 364.2 million as U.S. continued to buy oil for strategic reserves. Domestic oil production remained unchanged at 13.1
Crude Inventories Increased By 5.8 Million Barrels, Exceeding Analyst Expectations Read More »
As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week. – German industrial production finally broke through the cycle of gloom after it posted a 2.1% increase in February, well above the consensus expectation of a 0.5% rise month-over-month. – Although Germany’s manufacturing
Brent Could Climb to $95 as Bullish Sentiment Builds Read More »
The recent rise in oil prices has raised the prospect of $100 per barrel but Nigeria, the largest producer of the commodity in Africa, may not reap a windfall, according to BusinessDay findings. Brent crude, the global benchmark against which Nigeria’s crude oil is priced, rose to $91 per barrel on Tuesday, taking its gains
Nigeria risks missing out as $100 oil beckons Read More »
Oil drilling rigs Oil prices rose today, April 9, as Middle East ceasefire hopes waned and Mexico announced a plan to cut oil exports to global markets. Brent crude futures rose 0.31%, or $0.28, to $90.66 a barrel, at 1002 GMT. Similarly, futures prices for US West Texas Intermediate (WTI) crude gained 0.28%, or $0.24,
Oil turns higher as Mexico plans to slash exports Read More »
The oil industry’s prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop, quality oil stocks BP p.l.c. (BP), Petróleo Brasileiro S.A. – Petrobras (PBR), and Cheniere Energy Partners, L.P. (CQP) could be watched for returns in April. Read on…. The increasing oil demand for
3 Oil Stocks to Watch for Returns in April Read More »
