Brent crude price fell by 0.5% to $77 per barrel on Wednesday, January 17 2024. A Nairametrics review of global crude oil prices as of 02:15 GMT+1, revealed that Brent was trading at $77.93 per barrel. In addition, the benchmark price for U.S. West Texas Intermediate crude futures (WTI) also showed in a […]
Brent crude oil Price falls to $77 per barrel Read More »
Stock markets and oil prices slumped Wednesday as investors reacted to weak Chinese growth data and an unexpected rise in UK inflation. China’s economy, the world’s second biggest after the United States, grew last year at one of its slowest paces in more than three decades. China’s National Bureau of Statistics said that gross domestic
Stocks, oil prices slump on economic headwinds 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 – Jan 16, 2024, 6:00 PM CST China’s oil imports reached 11.28 million bpd in the previous year, an 11% increase from 2022, driven by strong fuel
China Breaks Oil Import Records in Landmark Year Read More »
In response to escalating geopolitical tensions impacting oil prices and a year-end consumer inflation rate of 23.2 percent, the Bank of Ghana Monetary Policy Committee (MPC) is poised to maintain its ‘tighter-for-longer’ policy stance until inflation is securely anchored. This strategic move reflects the central bank’s commitment to navigating economic uncertainties and fostering stability in
Protracted tightening of policy rate projected until inflation firmly settles 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 – Jan 15, 2024, 7:00 PM CST Analysts: oil prices are likely to remain around current levels this year. OPEC+ producers now have sufficient spare
Fundamentals Point To Flat Oil Prices in 2024 Read More »
Home Fossil Energy Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and
NEW YORK – Oil prices climbed Friday after US and UK forces launched strikes against Iran-backed Huthi rebels, while global stocks were mixed following the kickoff of corporate earnings season. Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive rebel attacks on Red Sea
Oil prices rise on Red Sea escalation Read More »
WTI Oil steady near $72, bouncing off a floor after Monday’s decline. US Secretary of State Anthony Blinken landed in Israel to outline measures to secure safe passage in the Red Sea. The DXY US Dollar Index holds above 102.00, with traders split between Goldilocks or geopolitical safe-haven scenarios. Oil trades near $72, after briefly
Oil sprints back to $73 with Russia complying to production cuts Read More »
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Meet America’s Newest Oil Trader Extraordinaire: Joe Biden… Read More »
