Oil prices were little changed on Tuesday as OPEC stuck by its forecast for demand growth this year and next, amid persistent tensions in the Middle East and beyond. Brent futures for May delivery were up 24 cents at $82.45 a barrel by 1420 GMT. The April U.S. West Texas Intermediate (WTI) crude contract rose […]
Oil prices steady as OPEC retains demand forecasts Read More »
RIYADH: Saudi banks extended loans totaling SR2.62 trillion ($700 billion) in January, marking an 11 percent rise from the same month in 2023, according to official data. Figures released by the Kingdom’s central bank showed an increase in personal loans accounted for 33 percent of this growth, while the remaining 67 percent was attributed to
Oil Updates – prices up as Middle East tensions persist, demand concerns cap gains Read More »
WTI price remains silent ahead of monthly market reports from OPEC, IEA, and EIA. CME FedWatch Tool suggests a 68.9% probability of a rate cut in June. EIA released that US Crude oil production reached a record-breaking average production of 12.9M bpd. West Texas Intermediate (WTI) oil price hovers around $77.80 per barrel during the
Please enable JS and disable any ad blocker https://www.wsj.com/articles/oil-futures-edge-higher-ahead-of-key-data-c9ace9c3
Oil Futures Edge Higher Ahead of Key Data Read More »
Please enable JS and disable any ad blocker https://www.marketwatch.com/story/oil-prices-edge-higher-to-kick-off-week-ad65d64f?mod=mw_rss_topstories
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 »
WTI price extends its losing streak on demand concern following Chinese oil import data. China’s oil imports fell to 10.8 million bpd in the first two months of the year, compared to 11.44 million bpd in December. Crude oil prices could find support from a weakening US Dollar amid growing expectations of a Fed rate
WTI falls to $77.00 on falling Chinese oil imports-led demand concerns Read More »
After a lacklustre start to the year, Oil prices are starting to come to life. Economists at MUFG Bank analyze Brent’s outlook. Oil bulls are quietly winning the narrative Oil bulls are quietly winning the narrative as prices are working their way higher, with a breakout of the $10 range that Brent crude has been
Brent Oil to hover within a $80.00 to $90.00 range this year– MUFG Read More »
Oil drilling rigs Oil prices rose on Friday after the release of official data in the US, China, and India showing the continued demand strength. Futures for Brent crude, scheduled for May delivery, rose by 0.52% to $83.39 at 9:21 AM Makkah time. Similarly, futures prices for US West Texas Intermediate (WTI) crude gained 0.68%
Oil prices rise on strong demand 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 08, 2024, 2:34 AM CST Crude oil prices have been stuck between bearish and bullish news this week, booking a modest decline over the four days to
Oil Prices May Yet End the Week on a High Note Read More »
