Author name: David Ryabchikov

WTI trades near $72.00, moves little as market downplays US-China trade tensions

WTI trades near $72.00, moves little as market downplays US-China trade tensions

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WTI moves little as the market shrugs off concerns over US-China trade war while support from Iran-related supply concerns remains. Trump reinstated his “maximum pressure” campaign, aiming to cut Iran’s Oil exports to zero. US API Weekly Crude Oil Stock rose by 5.025 million barrels in the previous week, against a previous 2.86-million-barrel build. West […]

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Here’s Why Oil Prices Could Go Higher in the Short Term

Here’s Why Oil Prices Could Go Higher in the Short Term

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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 Premium Content By Julianne Geiger – Feb 04, 2025, 5:00 PM CST According to a Wall Street Journal survey—which includes projections from Goldman Sachs, JPMorgan, and Morgan Stanley—Brent is now expected

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Crude and Gasoline Inventories Soar Amid Large Draw in Distillate Stocks

Crude and Gasoline Inventories Soar Amid Large Draw in Distillate Stocks

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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 – Feb 04, 2025, 3:51 PM CST The American Petroleum Institute (API) estimated that crude oil inventories in the United rose by 5.025 million barrels for the week

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Dangote Refinery crashes petrol price from N950 to N890 per litre

Dangote Refinery crashes petrol price from N950 to N890 per litre

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Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. In a statement, the company said the price adjustment is in response to favourable developments in the global energy sector and a significant decline in international crude oil prices. “Dangote Refinery’s

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We’ve commenced fuel lifting from Port Harcourt, Warri refineries – PETROAN

We’ve commenced fuel lifting from Port Harcourt, Warri refineries – PETROAN

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The Petroleum Products Retail Outlet Owners Association says its members have started loading dual-purpose kerosene, automotive gas oil, and premium motor spirits at the Port Harcourt and Warri refineries. The spokesperson of PETROAN, Joseph Obele, disclosed this in a statement on Saturday. This follows a reported shutdown of the Port Harcourt refinery in December 2024

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Dangote Refinery crashes petrol price to N890 per litre

Dangote Refinery crashes petrol price to N890 per litre

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Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. In a statement, the company said the price adjustment is in response to favourable developments in the global energy sector and a significant decline in international crude oil prices. “Dangote Refinery’s

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Oil Prices Fall After Colombia’s Tariff Threat Is Reversed

Oil Prices Fall After Colombia’s Tariff Threat Is Reversed

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Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info By Alex Kimani – Jan 27, 2025, 11:00 AM CST Oil prices retreated on Monday after the Trump administration pulled back from sanctions threats against Colombia over illegal immigration, alleviating concern about oil supply disruptions. Data from analytics

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Will Trump Trigger a New Oil Price War Between OPEC and The West?

Will Trump Trigger a New Oil Price War Between OPEC and The West?

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Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Jan 27, 2025, 10:00 AM CST U.S. President Donald Trump is expected to pressure Saudi Arabia and OPEC to lower

Will Trump Trigger a New Oil Price War Between OPEC and The West? Read More »

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