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 – Nov 25, 2024, 2:55 AM CST Crude oil prices started the week with a dip after booking a gain of 6% last week, fueled mostly by geopolitical factors […]
Oil Prices Dip After a Week of Gains 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 – Nov 25, 2024, 1:51 AM CST Goldman Sachs expects Brent crude to average between $70 and $85 per barrel next year, citing high spare production capacity as factor
Goldman Sachs Expects No Change in Oil Prices Next Year Read More »
On November 23, 2024, 9:45 AM Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs. “Our base case is that Brent stays in a $70-85 range, with high spare capacity
Goldman Sachs Expects Brent Oil to Average $76 Per Barrel in 2025 Read More »
Crude Oil back on track for 5% weekly gain after volatile Friday ride. US PMI release revealed US economy exceptionalism back on track. The US Dollar Index broke a fresh two-year high and gets to keep those gains heading into the last trading hours for this week. Crude Oil price is set to close off
Crude Oil ticks back up in the green after US PMI show pickup in activity Read More »
Oil drilling rigs Goldman Sachs predicts Brent crude prices to average $80 per barrel this year, despite geopolitical uncertainties and supply shortages. The US bank also expects the average Brent crude prices to reach $76 a barrel next year, but it lowered its 2026 forecast to $71, anticipating a surplus of 0.9 million barrels per
Goldman Sachs expects oil prices to average $76 in 2025 Read More »
Oil drilling rigs Oil prices rose on Friday after Russian President Vladimir Putin warned of a broadening conflict in Ukraine despite signs of slowing demand and an abundance of crude supply in the US. Brent crude futures for January delivery increased 0.13%, or $0.10, to $74.33 a barrel, at 9:28 am Makkah time. Similarly, futures
Oil prices rise as Putin warns of broadening conflict Read More »
Saudi Arabia’s 2025 education plan boosts Chinese learning, nurtures gifted talent RIYADH: Around 102,000 students in Saudi Arabia will learn Chinese annually in public schools, while three new institutions for the gifted will open as part of the Kingdom’s 2025 education plans. According to the Ministry of Finance’s budget report, the education sector has been allocated SR201
Oil Updates – crude heads for weekly gains on anxiety over intensifying Ukraine war Read More »
Crude Oil Imports Surge While Product Imports Remain Mixed Crude oil imports surged by 1.2 million bpd to 7.7 million bpd, significantly above the four-week average of 6.6 million bpd. This represents a 2.7% increase compared to the same four-week period last year. In contrast, motor gasoline imports remained relatively low at 374,000 bpd, while
EIA: U.S. Crude Stocks Rise as Imports Surge, Refinery Activity Slows 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 – Nov 15, 2024, 1:41 AM CST Crude oil prices looked set for yet another weekly loss, pressured by the perception of softer-than-expected demand in China. The decline comes
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Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Nov 01, 2024, 3:26 AM CDT Saudi Arabia may reduce the official selling prices for most of its oil grades for Asian buyers next month, Reuters has reported, citing sources from the refining industry. Based on a poll conducted among six
Saudi Arabia May Cut Oil Prices for Asian Buyers Next Month Read More »
