Gasoline Draw Ignored, Rate-Obsessed Traders Cause Third Straight Drop In Oil
Meanwhile, the EIA stokes fear about the 2024 hurricane season.
Source: shipandbunker.com
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Petron Malaysia Refining & Marketing : Opens 2024 with Double-digit Sales Volume and Revenue Growth
INTERNAL USE 23 MAY 2024 MEDIA RELEASE FOR PUBLICATION & BROADCAST PETRON OPENS 2024 WITH...
Source: marketscreener.com
Oil Falls as Stockpiles Show Less Than Expected Growth
Oil fell, weighed down by declining equity markets and a government report that showed US crude stockpiles increasing less than projected.
Source: rigzone.com
Reliance news: India has a rare request for Reliance & state refiners on Russia oil deal
India has urged state-run oil refiners and Reliance Industries Ltd. to negotiate a long-term supply deal with Russia to shield the economy from volatile prices. While the government wants collaboration, Reliance's reluctance to share sensitive information poses a challenge. India seeks discounted oil amid tighter US sanctions.
Source: indiatimes.com
Demand Concerns Boost Bearish Sentiment In Oil Markets
Oil prices are under pressure as demand concerns continue to dominate the narrative, with Brent and WTI both struggling to break out.
Source: oilprice.com