By Eurasianet – Mar 25, 2024, 1:00 PM CDT Kazakhstan’s GDP is expected to grow at a moderate pace in the next two years, driven by oil and consumer spending. Inflation is likely to remain above target in the short term, but is projected to decline over time. The World Bank recommends reforms to improve
Black Sea Disruptions, Oil Prices Threaten Kazakhstan’s Growth Read More »
UAE’s abroad investments performing well despite economic headwinds: top official RIYADH: The UAE has strengthened its position in the global economy, with its overseas investments proving resilient amid economic fluctuations, said a senior official. Jamal Bin Saif Al-Jarwan, secretary-general of the UAE International Investors Council, stated that the Emirate’s assets abroad, both government and private,
Oil Updates – crude rises as heightened geopolitical risks exacerbate supply concerns Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Mar 22, 2024, 12:30 PM CDT The United States has repeatedly urged Ukraine to halt its drone attacks on Russian oil refineries due to Washington’s assessment that the strikes could led to Russian retaliation and push up global oil prices, the Financial
U.S. Has Urged Ukraine To Stop Attacks on Russian Refineries Read More »
Oil drilling rigs Oil prices declined on Friday, extending their downtrend for the third straight day amid investor anticipation of global interest rates. Futures for Brent crude, scheduled for May delivery, dropped by 0.63%, or $0.54, to $85.24 a barrel, at 10:16 am Makkah time. Similarly, futures prices for US West Texas Intermediate (WTI) crude,
Oil prices decline for third consecutive day Read More »
By Florence Tan and Laila Kearney SINGAPORE, March 22 (Reuters) – Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude LCOc1 futures fell 42 cents, or 0.5%,
Oil eases on possible Gaza ceasefire, dollar strength Read More »
The Egyptian government announced on Thursday an increase in fuel prices by between 9-22%, citing rising global oil prices and the recent liberalization of the Egyptian pound’s exchange rate. The decision, implemented by the Egyptian Petroleum Pricing Committee, reflects adjustments across various fuel types. The price of 80-octane petrol will rise by EGP 1 to
Egypt raises fuel prices by 9-22% to align with global market, currency reforms Read More »
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Oil Inches Lower in Cautious Trade Ahead of Fed Meeting Read More »
WTI price appreciation following Ukrainian attacks on Russian refineries. Ukraine has declared not to extend a five-year agreement with Russia’s Gazprom. Israeli Prime Minister Benjamin Netanyahu has affirmed to proceed with plans to expand into Gaza’s Rafah enclave. West Texas Intermediate (WTI) oil price continues its upward trajectory, reaching around $80.90 per barrel during the
WTI continues its winning streak amid heightened concerns over supply, climbs to $80.90 Read More »
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. This could change later in the year, however, Morgan Stanley’s global oil strategist Martijn Rats has predicted. In fact, prices
Oil Could Rise More than Anyone Expects This Year Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Mar 15, 2024, 2:30 PM CDT The Brent crude oil benchmark is set to exceed $80 per barrel by the end of this year, according to a
Bloomberg Survey: Brent To Exceed $80 By Year’s End Read More »
