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December 26, 2023
The US is producing way too much oil for OPEC to be able to push prices higher with any more production cuts.
December 18, 2023
The oil sector has been hogging the investment limelight after a spectacular recovery that has set the sector as one of the top performers in 2021.
December 16, 2023
The market tumbled earlier in the session after a New York Federal Reserve Bank manufacturing survey showed a third month of declines in new orders, which could be a sign of weaker demand for oil in the coming year.
December 16, 2023
Friday saw an over $1 a barrel tumble initially before Brent, WTI recovered most of the lost ground
December 16, 2023
Brent and US crude futures finished at a small loss following a see-saw session, in which prices fell more than US$1 a barrel at one point on Friday, as traders tried to reconcile mixed signals for oil demand in the coming year.
December 13, 2023
الوكالة الوطنية للإعلامNNA - Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected rise in consumer prices. Bren
December 7, 2023
US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.
December 7, 2023
Despite the OPEC+ supply curbs, prices have slipped nearly 11pc since the settlement on Nov 29
December 7, 2023
However, several indicators suggest demand is chugging along nicely.
December 7, 2023
NEW YORK — US oil prices finished below $70 a barrel for the first time since July on Thursday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.West Texas Intermediate oil for delivery in January fell 4.1 percent to finish at $69.38 a barrel. The drop came as markets eyed signs of