Sinopec reports 9.9% profit fall in ’23
China Petroleum & Chemical Corp., Sinopec, announced a 9.9 per cent decrease in net profit for 2023 on Sunday,…
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oil prices
Oil recovers on surprise US inventory draw
Oil prices saw a rebound on Thursday, with US crude and gasoline stocks witnessing a drawdown, according to…
Oil slips slightly on rising dollar
Oil prices saw a slight decrease on Wednesday due to a stronger dollar reducing investor interest and traders…
Asian shares mixed before Fed’s rate cuts
Asian shares were mixed on Wednesday as investors awaited the Federal Reserve's decision on rate cuts, as reported…
Oil drops as Russian supply up
Oil prices experienced a slight dip on Tuesday, influenced by several factors, including the potential for…
Oil surges amid supply risks, global tensions
Oil prices saw an uptick in Asian trade on Monday, continuing the upward trend from last week when prices rose…
Oil demand growth slows amid economic hurdles – IEA
The International Energy Agency (IEA) reported that this year’s oil demand growth will likely hit 1.3 million…
Oil jumps on US demand surge
Early on Thursday, Brent futures for May rose by $0.11 to $84.14 a barrel, and April WTI crude increased by $0.10…
Oil pushed up by strong demand in early Wednesday trade
Expected strong global demand pushed oil prices up, notably in the United States despite ongoing concerns about its…
Oil inches up ahead of US inflation data
Oil prices saw a marginal increase, with Brent futures nearing $83 a barrel and West Texas Intermediate crude…