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 […]
WTI Sheds Over 1.6% As Demand Trumps Everything Else Read More »
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
Oil prices edge higher after OPEC+ extends voluntary oil output cuts until mid-year Read More »
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
Crude-oil futures rose Friday, settling higher for the week, after a strike by Israeli forces a day earlier was said to have killed more than 100 Palestinians waiting for aid in Gaza, raising tensions in the oil-rich Middle East. Traders also waited to hear any news on whether major oil producers will extend voluntary production
Oil prices settle 2% higher, lifted by rising Middle East tensions Read More »
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 »
