Updated April 8, 2024 1:43 am ET 0107 GMT – Brent oil prices may rise to $95/bbl-$105/bbl near term, from around $90/bbl currently, given likely higher demand and supply shortages, BIMB Securities analyst Azim Faris Ab Rahim says in a note. He says the International Energy Agency has revised its oil demand growth upward due […]
Brent Oil Prices May Rise to $95/bbl-$105/bbl in Near Term Read More »
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Get ready for $5-a-gallon gasoline Read More »
By Julianne Geiger – Apr 05, 2024, 12:12 PM CDT The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 1. U.S. drillers saw a total loss of rigs this year of 2. The
U.S. Drilling Activity Slips Further As Oil Prices Rise Read More »
By ZeroHedge – Apr 05, 2024, 10:00 AM CDT The national average gas price has hit $3.57 per gallon, up from $3.10 at the start of the year. The current average price is 20 cents higher than one month ago and 7.2 cents higher than at this time last year. Analysts warn that prices could
U.S. Drivers Feeling the Pinch at the Pump as Gas Prices Soar Read More »
The Mexican Peso rises to a nine-year high versus USD on Friday. The release of Banxico’s March meeting minutes may have helped spur the Peso to more gains. Higher crude Oil prices, a key Mexican export, could also be supporting MXN. The Mexican Peso (MXN) trades at nine-year highs against the US Dollar (USD) on Friday
Mexican Peso rises to nine-year high against USD Read More »
Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth as economies improve. Brent crude climbed 40 cents, or 0.4%, to $91.05 a barrel by 0425 GMT. US West Texas Intermediate
Oil heads for second weekly gain on geopolitical tension, supply concerns Read More »
China becomes top greenfield investor in Saudi Arabia with $16.8bn Updated 04 April 2024 April 04, 2024 16:29 China becomes top greenfield investor in Saudi Arabia with $16.8bn Updated 04 April 2024 Arab News April 04, 2024 16:29 RIYADH: China has become the top greenfield foreign direct investor in Saudi Arabia with investments amounting to
On Thursday, the rupee recovered 14 paise to close at 83.39 against the US dollar (Photo: X@ANI) The rupee depreciated 6 paise to 83.45 against the US dollar in early trade on Friday, as market participants remained cautious ahead of the announcement of the Reserve Bank of India’s rate-setting panel’s decision. Forex traders said the
Rupee declines 6 paise to 83.45 against US dollar in early trade today Read More »
Asian shares retreated on Friday as hawkish comments from some Federal Reserve officials and escalating geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures
Asia stocks stumble on risk-off mood; oil prices climb Read More »
WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of improving demand should further contribute to limiting the downside. West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday and
WTI stands tall near multi-month peak, just above $85.00/barrel mark Read More »
