By Florence Tan and Laila Kearney SINGAPORE, March 22 (Reuters) – Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude LCOc1 futures fell 42 cents, or 0.5%, […]
Oil eases on possible Gaza ceasefire, dollar strength Read More »
The Egyptian government announced on Thursday an increase in fuel prices by between 9-22%, citing rising global oil prices and the recent liberalization of the Egyptian pound’s exchange rate. The decision, implemented by the Egyptian Petroleum Pricing Committee, reflects adjustments across various fuel types. The price of 80-octane petrol will rise by EGP 1 to
Egypt raises fuel prices by 9-22% to align with global market, currency reforms Read More »
WTI price appreciation following Ukrainian attacks on Russian refineries. Ukraine has declared not to extend a five-year agreement with Russia’s Gazprom. Israeli Prime Minister Benjamin Netanyahu has affirmed to proceed with plans to expand into Gaza’s Rafah enclave. West Texas Intermediate (WTI) oil price continues its upward trajectory, reaching around $80.90 per barrel during the
WTI continues its winning streak amid heightened concerns over supply, climbs to $80.90 Read More »
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. This could change later in the year, however, Morgan Stanley’s global oil strategist Martijn Rats has predicted. In fact, prices
Oil Could Rise More than Anyone Expects This Year 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 – Mar 15, 2024, 2:30 PM CDT The Brent crude oil benchmark is set to exceed $80 per barrel by the end of this year, according to a
Bloomberg Survey: Brent To Exceed $80 By Year’s End 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 By Tom Kool – Mar 14, 2024, 2:45 PM CDT Crude oil prices hit a four-month high on Thursday, with the U.S. benchmark crossing over the $80 mark and Brent passing $85 per barrel
Brent Soars Past $85 As IEA Recalculates Supply, Demand Read More »
There’s speculation circulating that within the next 15 days, the cost of petrol may increase across the country, pending a decision from the Prime Minister’s office. This decision holds significant sway over adjustments to petroleum product prices. Recent reports from various media outlets indicate a surge in global crude oil prices over the past fortnight.
Petrol Price Likely to Increase Rs. 1 form 16th March Read More »
RIYADH: Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report. In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation
Oil Updates – prices fall on China demand worries Read More »
Crude-oil futures rose Friday, settling higher for the week, after a strike by Israeli forces a day earlier was said to have killed more than 100 Palestinians waiting for aid in Gaza, raising tensions in the oil-rich Middle East. Traders also waited to hear any news on whether major oil producers will extend voluntary production
Oil prices settle 2% higher, lifted by rising Middle East tensions Read More »
Oil drilling rigs Crude oil prices rose on Friday as investors awaited the OPEC+ decision non supply reduction policies. Reports suggest that the alliance intends to extend voluntary cuts for the second quarter of the year. Additionally, economic activity indicators in China showed mixed signals, reflecting uncertainty about the future demand for oil. Futures for
Oil rises on Friday, WTI heads for weekly gain Read More »
