Oil drilling rigs Oil prices extended rally on Friday, hitting their highest level in three months. They recorded gains for the third straight week, following assessment of US sanctions on Russia and amid colder weather in Europe and the US. Brent crude futures for March delivery leapt 3.7%, or $2.84, to $79.76 a barrel, recording […]
Brent crude rises, records weekly gain of over 4% Read More »
Crude Oil Prices Brent Oil Price Nears 3-Month High, Reaches $76 Global oil prices held steady near a three-month peak yesterday, driven by strong demand from Asian refineries, which in turn boosted the value of certain Middle Eastern oil grades. Brent traded near $76 a barrel after earlier Monday hitting its highest since October 14.
Brent Oil Price Nears 3-Month High, Reaches $76 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 By Irina Slav – Jan 06, 2025, 1:18 AM CST Crude oil prices extended their gains from the first week of the year into this week, fueled by frigid weather and hopes
Oil Prices Start the Week at a Three-Month High Read More »
Oil prices extended their gains on Friday, Jan. 3, rising the second consecutive driven by expectations of higher demand due to the cold weather sweeping Europe and the United States, as well as China’s effort to stimulate its economy. At settlement, Brent crude futures for March delivery rose by 0.75% or 58 cents to $76.51
Brent crude settles above $76, rises for second week Read More »
The prices of petrol, diesel and illuminating paraffin will increase with effect from Wednesday, the department of mineral resources and energy said on Tuesday. (Waldo Swiegers/Bloomberg via Getty Images) The price of petrol and diesel is set to rise for the third consecutive month from Wednesday, driven by a higher cost of crude oil and
Petrol and diesel prices set to rise for 3rd straight month from 1 January Read More »
By Metal Miner – Dec 31, 2024, 10:00 AM CST Hot rolled coil prices in Europe have risen to €615-625 per metric ton due to year-end buying and mills’ efforts to recover revenue. Low-priced steel imports from Asia and a subdued buying environment are challenges for European steel mills. The European Central Bank’s interest rate
European Hot Rolled Coil Prices Surge as Mills Seek Revenue Recovery Read More »
Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Dec 31, 2024, 8:33 AM CST Oil prices are ending the year very close to where they started the fourth quarter, with very limited movement in the last three months despite some major catalysts.
Oil Prices Remain Rangebound as 2024 Draws to a Close 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 – Dec 30, 2024, 7:00 PM CST Focus on China’s oil demand, predicted to peak in 2025 or 2027, is expected to keep a lid on oil
The Factors That Will Drive Oil Prices in 2025 Read More »
Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Dec 30, 2024, 6:00 PM CST The US achieved record-breaking oil production in 2024, solidifying its position as a global
Revisiting the Top 5 Biggest Energy Stories of 2024 Read More »
…Refinery operating at 60% capacity — Kyari …Our plan to ensure energy efficiency and security on course — President Tinubu By Seun Ibiyemi The Warri Refinery has started producing Automated Gas Oil (AGO) and kerosene, a major step towards increasing the country’s refining capacity and reducing reliance on imported fuel. With the reopening, the refinery
Warri Refinery commences production of AGO, Kerosene Read More »
