Oil drilling rigs Crude oil prices rose on Friday as investors awaited the OPEC+ decision non supply reduction policies. Reports suggest that the alliance intends to extend voluntary cuts for the second quarter of the year. Additionally, economic activity indicators in China showed mixed signals, reflecting uncertainty about the future demand for oil. Futures for […]
Oil rises on Friday, WTI heads for weekly gain Read More »
Crude Oil Prices rise On Thursday, oil prices fell as inflation data from the United States indicated a softening of the world’s biggest economy which could weaken crude oil demand. Brent futures went down by 6 cents to $83.62 a barrel and the US West Texas Intermediate (WTI) futures depreciated by 28 cents to $78.26
Oil Prices Fall As US Inflation Prompts Weak Demand Read More »
WTI edges higher on Friday, though the intraday uptick lacks bullish conviction. Mixed demand-supply cues hold back traders from placing fresh directional bets. Acceptance above the 200-day SMA supports prospects for further near-term gains. West Texas Intermediate (WTI) US Crude Oil prices attract some buying near a technically significant 200-day Simple Moving Average (SMA) during
WTI consolidates around $78.00, remains on track to post second straight week of gains Read More »
USD/CAD extends its gains as Crude oil prices encounter challenges. Crude oil prices face challenges on higher API Weekly Crude Oil Stock. US Dollar received upward support on the expectation of the Fed’s delaying rate cuts. US GDP Annualized (Q4) rose by 3.2% against the expected 3.3%. USD/CAD continues its winning streak, marking the fifth
USD/CAD continues its winning streak on lower Crude oil prices, improves to near 1.3580 Read More »
Globally, oil prices rose by 3.34% or $2.6 a barrel in February 2024 as compared to the previous month Photo: AFP Published: Wed 28 Feb 2024, 12:45 PM The UAE’s Fuel Price Committee is expected to announce petrol and diesel rates for March on Thursday, February 29, to align them with international prices. Globally, oil
UAE to announce petrol, diesel prices for March: Will rates go up? 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 – Feb 25, 2024, 4:00 PM CST Kemp: The growth in oil production in the Western Hemisphere actually captured all the growth in global oil
How the Western Hemisphere Became The Driver of Oil Production Growth Read More »
Oil drilling rigs Oil deepened its losses on Friday, snapping two-week gains as markets are watching Gaza ceasefire talks in Paris. Brent crude for April delivery fell 2.45% to $81.62 a barrel, losing 2.2% in a week. WTI contracts for April delivery shed 2.7% to $76.49 a barrel, dropping nearly 2.5%. The US drilling rig
Oil prices fall after Fed governor says no rush to cut interest rates Read More »
Dr Gabriel Olowo, immediate past President of Aviation Safety Round Table Initiative (ART) An aviation expert, Dr Gabriel Olowo, on Thursday said that airlines had no choice but to sell what they buy, in terms of fuel costs, to stay afloat. Olowo, the immediate past President of Aviation Safety Round Table Initiative (ART) and Chairman
Airlines must adjust to rising Jet A1 cost — Aviation expert Read More »
A ship-based carbon capture (SBCC) prototype developed under the EverLoNG project has been removed from an LNG-powered LNG carrier chartered by TotalEnergies following the end of the first demonstration campaign. The carbon capture unit, built by Carbotreat in the Netherlands, was installed onboard Seapeak Arwa in September 2023 as part of a project led by the Dutch research
EverLoNG wraps up first carbon capture demo onboard LNG carrier Read More »
CNN — Russia is entering its third year of war in Ukraine with an unprecedented amount of cash in government coffers, bolstered by a record $37 billion of crude oil sales to India last year, according to new analysis, which concludes that some of the crude was refined by India and then exported to the United States
The Kremlin has never been richer – thanks to a US strategic partner Read More »
