Oil prices experiences a decline due to an increase in US stockpiles and price reductions from Saudi Arabia. Oil prices saw a decline early Thursday as a result of an increase in U.S. gasoline and diesel inventories. Saudi Arabia’s choice to reduce July crude prices for Asian buyers also played a role in the decline. Read More
The increase in OPEC+ production has catalyzed a surge in oil prices, coinciding with heightened geopolitical tensions. Oil prices experienced an impressive rise. This development followed the decision by OPEC plus countries to boost oil production levels. The rise was below projections. Geopolitical tensions surrounding Ukraine and Iran also played a role. OPEC+ has reached a Read More
Oil experiences a rebound following OPEC+’s decision to maintain the same output increase for July as was implemented in June. Oil prices saw a resurgence, climbing by more than $1 per barrel, subsequent to OPEC+’s resolution to elevate production by 411,000 barrels per day in July, in accordance with market expectations. Brent crude futures experienced an Read More
Oil prices witnessed an increase after a U.S. court ruled against President Trump’s tariffs. Market attention is currently directed towards the potential U.S. sanctions that could affect Russian crude flows, alongside OPEC+’s decision concerning increased output in July. Concerns regarding supply are escalating as a result of Chevron’s cessation of oil production in Venezuela. On Thursday, Read More
Brent crude futures increased by 47 cents, representing a 0.73% rise, reaching $64.56 per barrel by 0030 GMT. Meanwhile, U.S. West Texas Intermediate crude saw an uptick of 49 cents, approximately 0.8%, bringing it to $61.38 per barrel. Oil prices experienced an uptick in early trading on Wednesday following the U.S. government’s decision to prohibit Read More
Oil prices experienced a decline in the wake of an unexpected rise in U.S. crude and fuel reserves. This development has raised apprehensions regarding demand. Investors are closely monitoring the resurgence of nuclear negotiations between Iran and the U.S. Tensions persist in light of a report concerning possible Israeli strikes on Iranian nuclear facilities. Kazakhstan’s Read More
Oil declines by over 1% amid anticipations surrounding a US-Iran nuclear agreement. Oil prices experienced a decline on Thursday, attributed to the prospects of a US-Iran nuclear agreement. An unexpected increase in US crude oil inventories was also observed. An Iranian official indicated a readiness to negotiate with the US contingent upon the removal of sanctions. Read More
Oil prices have risen by 2%, reaching a two-week high, following the announcement of tariff reductions between the US and China. Oil prices experienced an increase of around 2% after the U.S. and China reached an agreement to reduce tariffs, which has sparked optimism regarding a potential resolution to their ongoing trade conflict. Brent crude reached Read More
Oil prices held firm on Friday following a prior increase, supported by the alleviation of U.S.-China trade tensions and the establishment of a new trade agreement between the U.S. and Britain. Brent crude is currently priced at $62.91 per barrel, whereas WTI stands at $59.98. The U.S. and China are set to convene in order Read More
Oil prices experienced a decline of more than $2 per barrel as OPEC+ announced intentions to augment oil production, which has sparked apprehensions regarding a possible surplus in supply. The group’s choice to expedite production increases for the second month in a row, with an addition of 411,000 bpd in June, reinforces anticipations of a Read More
