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 »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Sep 05, 2024, 7:00 PM CDT Crude oil prices hit year-to-date lows on Wednesday, with Brent at $72.63 and WTI at $69.19, driven by weak demand in China and other markets. OPEC+
Oil Prices Fall Back Despite OPEC+ Decision To Pause Output Hike Read More »
Rebecca Cheptegei’s journey on earth has ended in tragedy. The Uganda marathon runner, who competed at the 2024 Paris Olympics just weeks ago, died on September 5 after being set on fire in a gasoline attack by an alleged boyfriend. She was 33. “It is sad that we lost the patient early this morning”, Said Dr.
Uganda Olympian, Rebecca Cheptegei Dies at 33 after being set on fire in Gasoline attack Read More »
Stankevicius International, a leading global commodity broker, is currently offering Diesel EN590 at an exceptionally competitive price of -$25 PLATTS in Fujairah. This exclusive offer is aimed at professional corporate clients engaged in petroleum product trading. Key Offer Details Stankevicius International is making Diesel EN590 available under highly favorable terms. The buyer must meet specific
Stankevicius International Offers Diesel EN590 at -$25 PLATTS in Fujairah Read More »
USD/CAD remains on the defensive near 1.3485 in Tuesday’s early Asian session. Fed’s Daly believes it’s appropriate for the Fed to begin cutting interest rates. Higher crude oil prices support the CAD and create a headwind for USD/CAD. The USD/CAD pair extends downside around 1.3485 during the early Asian session on Tuesday. Escalating geopolitical tensions
USD/CAD holds below 1.3500 amid dovish Fed, higher crude oil prices Read More »
Oil drilling rigs Oil prices stabilized on Friday, but are on track to register a weekly loss as concerns about weak demand resurfaced due to the risk of a US economic slowdown. The futures prices for Brent crude, the global benchmark, for October delivery remained steady at $77.27 a barrel as of 08:17 am KSA
Oil prices steady, set for weekly loss Read More »
On August 23, 2024, 4:39 AM Crude oil prices extended a losing streak into its fifth day earlier today as expectations of weak demand weighed on benchmarks. Brent crude slipped below $76 per barrel and West Texas Intermediate was below $72 earlier in the day, despite the EIA’s Wednesday report that saw inventory draws across the crude and
Oil Prices Slide for Fifth Day on Demand Concerns Read More »
On August 18, 2024, 5:50 AM The most significant factor driving crude oil prices this week has been the escalating geopolitical tension in the Middle East. The ongoing conflict between Israel and Hamas has created a volatile situation that threatens to spill over into a broader regional conflict. The assassination of a Hamas leader has
Escalating Tensions in the Middle East Keep Oil Markets on Edge Read More »
