Listen to article NEW YORK: Oil prices rose two per cent on Thursday after the Federal Reserve’s large cut in US interest rates, helping global benchmark Brent crude recover from its lowest in nearly three years hit last week. Brent futures rose to $75.09 a barrel by 12:19pm ET (1619 GMT), up by $1.44, or 2pc, and […]
Global oil prices rise 2pc Read More »
The retail price of RON97 petrol and diesel in Peninsular Malaysia will drop by six sen, to RM3.19 and RM2.95 per litre respectively, from tomorrow until Sept 25. The Finance Ministry, in a statement today, said the price drop for RON97 and diesel in the peninsula is in line with the recent drop in global
Retail prices of RON97, diesel drop six sen from tomorrow Read More »
WTI kicks off the new week on a weaker note in reaction to the dismal Chinese macro data. Dovish Fed-inspired USD selling bias lends support and helps limit losses for the commodity. The mixed fundamental backdrop warrants some caution before placing fresh directional bets. West Texas Intermediate (WTI) US crude Oil prices attract some sellers
WTI slides below $68.00 amid renewed demand fears after dismal Chinese macro data Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Sep 11, 2024, 6:00 PM CDT OPEC+ has delayed the rollback of production cuts, maintaining a reduction of 2.2 million barrels per day until at least
OPEC Production Policies Could Complicate Relationship with Big Oil Read More »
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Sep 11, 2024, 5:00 PM CDT oil has shown remarkable resilience to geopolitical risks in recent months. Geopolitical risk premiums have led to sporadic
Demand Concerns Dictate Oil Prices Amid Stable Supply Read More »
Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Sep 10, 2024, 11:03 AM CDT WTI crude futures fell 4.5% on Tuesday morning as hedge funds and money managers continued to sour on crude oil. Bearish Sentiment
Oil Prices Drop 4.5% On Record-Bearish Sentiment from Money Managers Read More »
Oil prices slumped in the past trading week, Commerzbank’s Commodity Analyst Carsten Fritsch notes. Oil prices fall sharply “Brent fell to $70.6 per barrel on Friday, its lowest level since March 2023, and closed at its lowest level since December 2021. WTI hit a 14-month low of $67.2. Brent lost almost 10% week-on-week, with the
Oil prices with massive weekly losses – Commerzbank Read More »
By Julianne Geiger – Sep 10, 2024, 10:18 AM CDT WTI crude fell 3.78% to $66.11 per barrel on Tuesday morning. Brent fell back below $70 per barrel for the first time since 2021. Fundamentals have not changed to warrant a big price dip. Oil prices fell again on Tuesday—by more than 3% on the
Oil Prices Fall 3% Without Real Change in Fundamentals 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 – Sep 06, 2024, 11:08 AM CDT Saudi Arabia’s state-run oil company has cut its October pricing for its Arab Light crude oil for Asian buyers, according to
Saudi Arabia Cuts Oil Prices Read More »
Oil prices tumbled on Tuesday morning as speculation continued that the eight leading OPEC+ producers would unwind their voluntary production cuts. Crude production in Iraq’s semi-autonomous Kurdistan region continues to increase as industry organizations have stated output surpassed the 350,000 b/d mark in recent weeks, the highest since early 2023. – Iraq, the largest overproducer
Oil Prices Plunge on OPEC+ Production Cut Speculation Read More »
