Stay updated with breaking news from Repi Storage. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/DC5HEVTFLZN27K6D7HPBTB7JLY.jpg)
Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions that were driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JTH5USU3N5KV5GWCMLZK5P2EZ4.jpg)
Residual fuel oil stocks at key trading hub Singapore fell to four-week lows, with net imports easing by 19% after jumping last week, official data showed on Thursday.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OAXO4RHYPFNRFLZB6VLSITYPBY.jpg)
Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/KNPVWD5BWVKVTKJGY7FDZEAQ4E.jpg)
Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/45RNUBZT3VP5TMUZ4TQJ4FQDBU.jpg)
U.S. crude oil inventories last week fell more than forecast as refinery runs and exports rose, while gasoline stockpiles jumped unexpectedly on disappointing demand, Energy Information Administration data showed on Wednesday.