Thursday 23 Jan

Oil prices

Oil prices surge on new US sanctions against Russia
2025/01/14

Oil prices surge on new US sanctions against Russia

Oil prices surged to a four-month high on Tuesday as Chinese and Indian buyers sought alternative suppliers following the latest round of stringent US sanctions...

Oil prices decline further
2025/01/09

Oil prices decline further

Oil prices extended losses on Thursday, following a decline the previous day. This downturn was primarily attributed to a significant surge in U.S. fuel inventories...

Oil prices edge up, Brent crude at $74.69
2025/01/01

Oil prices edge up, Brent crude at $74.69

Oil prices edged higher Tuesdau but are poised to close out their second consecutive year of decline. This decline is attributed to a slowdown in...

Oil prices stabilize after decline amid concerns over Panama Canal
2024/12/24

Oil prices stabilize after decline amid concerns over Panama Canal

Oil prices stabilized this week after a period of decline, as traders assessed the potential impact of President-elect's plans to reassess U.S. control over the...

Oil prices rise; Brent crude $74.02 per barrel
2024/12/19

Oil prices rise; Brent crude $74.02 per barrel

Oil prices climbed on Wednesday, buoyed by a decline in U.S. crude stockpiles and investor anticipation of a potential Federal Reserve interest rate cut. This...

Gulf oil prices surge amid ME supply shortages
2024/12/18

Gulf oil prices surge amid ME supply shortages

Middle Eastern oil markets are witnessing a decline in supply amid the UAE's intention to reduce its crude oil sales and the stumbling of Iranian...

Saudi Arabia deepens oil price cuts for Asian buyers
2024/12/09

Saudi Arabia deepens oil price cuts for Asian buyers

Saudi Arabia has significantly reduced its oil prices for Asian customers, exceeding market expectations. This move follows the OPEC+ decision to further delay planned production...

OPEC+ to hold virtual meeting this week
2024/11/26

OPEC+ to hold virtual meeting this week

The OPEC+ alliance, led by Saudi Arabia and Russia, is set to hold its scheduled meeting this week virtually. This marks the third consecutive online...