Oil prices end mixed as traders gauge demand prospects and OPEC+ commitment to output cuts
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Oil Updates – prices fall on China demand worries
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
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WTI falls to $77.00 on falling Chinese oil imports-led demand concerns
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
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Brent Oil to hover within a $80.00 to $90.00 range this year– MUFG
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
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Oil prices rise on strong demand
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%
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Oil Prices May Yet End the Week on a High Note
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
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The Big Question in OPEC’s Production Cut Strategy
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 – Mar 06, 2024, 5:00 PM CST OPEC+ decided to extend their combined production cut agreement until the end of the first quarter. Not everyone within the
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WTI Sheds Over 1.6% As Demand Trumps Everything Else
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Mar 04, 2024, 2:30 PM CST Oil prices shed over 1% on Monday despite rising tensions in the Red Sea and on the front lines of the Israel-Hamas conflict, with OPEC+ extending voluntary production cuts and demand sentiment taking a beating
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Oil prices edge higher after OPEC+ extends voluntary oil output cuts until mid-year
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices edged higher Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent gained 0.38% to $83.87 a barrel Monday, while U.S. West Texas Intermediate futures added
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Larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal account, IMF says
RIYADH: Saudi Arabia is gearing up for LEAP 2024, the world’s most-attended tech event, from March 4 to 7 at the Riyadh Exhibition and Convention Center in Malham. The pre-event gathering on Feb 28 announced this year’s theme as “Into New Worlds,” which encompasses new opportunities, technologies, and capabilities in the tech sector. The event