NEW YORK – Oil prices scored fresh five-month peaks on Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output. Eurozone stocks advanced as a drop in inflation raised hopes of a rate cut by the European Central Bank, while Wall Street stocks […]
Oil prices hit fresh five-month high 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 – Apr 03, 2024, 12:30 PM CDT With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this
BofA Sees Summer Oil Price Peak at $95 Per Barrel Read More »
The anticipated changes in fuel prices, contingent upon government approval, are poised to impact consumers across Pakistan. According to sources familiar with the matter, adjustments are expected to commence in the first half of April, potentially resulting in significant shifts in petrol, diesel, and kerosene oil prices. Presently, petrol is priced at Rs 272.75 per
Petrol Price Expected to Surge by Rs 9.94 Litre for Next 15 Days Read More »
Globally, oil prices traded higher in March 2024 as compared to the previous month on a tighter supply outlook and heightened geopolitical risk Published: Sat 30 Mar 2024, 7:35 AM The UAE’s Fuel Price Committee is set to announce petrol and diesel prices for the month of April soon. The prices are revised to align
UAE to announce fuel prices for April: Will prices rise for 3rd consecutive month? Read More »
WTI Oil closed off Thursday at $82.82, close to a fresh five-month high. Oil traders remain bullish despite recent US stockpile build-ups. The US Dollar Index trades in the green, and could post a fresh monthly high. Oil prices have been heading higher in recent weeks, with several elements painting a rather sketchy picture of
Oil looks set to reach $90 despite US production at near full capacity Read More »
On March 29, 2024, 5:49 AM Crude oil prices were in the red today after the Energy Information Administration reported an inventory build of 3.2 million barrels for the week to March 22. This compared with a draw of 2 million barrels for the previous week, when the EIA also estimated a sizeable draw in gasoline inventories, which helped
Oil Moves Down on Inventory Rise Read More »
WTI price gained ground as OPEC+ is expected to maintain their production cuts. Ukrainian attacks on Russia’s infrastructure are contributing to the sentiment of tightening global Crude supplies. Fuel suppliers in Baltimore are expected to encounter delays following the collapse of the Francis Scott Key Bridge. West Texas Intermediate (WTI) oil price settled higher at
WTI advances to near $82.80 on likelihood of OPEC+ maintaining production cuts Read More »
Charles Hugh Smith Charles Hugh Smith has been an independent journalist for 22 years. His weblog, www.oftwominds.com, draws two million visits a year with unique analyses of global… More Info By Charles Hugh Smith – Mar 28, 2024, 3:30 PM CDT U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and
Oil Prices Gain 2% on Tightening Supply 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 – Mar 28, 2024, 2:32 AM CDT The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost
The U.S. Breaks Its Self-Imposed Oil Price Ceiling of $79 to Refill the SPR Read More »
Crude oil imports averaged 6.7 million bpd, rising by 424,000 bpd from the previous week. Strategic Petroleum Reserve increased from 362.3 million barrels to 363.1 million barrels as U.S. continued to buy oil for strategic reserves. The purchases of oil for SPR have served as a material positive catalyst for oil markets this year. Domestic
Crude Oil Inventories Rise By 3.2 Million Barrels, Exceeding Analyst Expectations Read More »
