Oil retreats from 5-m peak on Monday’s opening
Oil retreated from a five-month peak following Israel's announcement of troop withdrawal from Gaza, with traders…
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OPEC
Oil hits 5-month peak on early Thursday trade following OPEC+ decision
Oil surged to approach a five-month peak following OPEC+'s decision to uphold current production cuts until the end…
OPEC+ keeps output policy unchanged
OPEC+ ministers kept output policy unchanged due to the oil market aligning with the group's preferences,…
Dollar runs at 152 against Japanese yen
Asian shares are up today, with the Nikkei rising 1.6 per cent and the yen weakening against major currencies.
BofA revises ’24 Brent, WTI oil price forecasts
Bank of America's (BofA) Global Research has revised its 2024 Brent and WTI oil price forecasts, citing heightened…
ADNOC prioritises Murban over Zakum
UAE's Upper Zakum crude exports dropped significantly as Abu Dhabi National Oil Company (ADNOC) prioritised…
Oil declines in early Wednesday trade
Oil declined on Wednesday due to reports of a surge in crude stockpiles in the US, and indications that major…
Foreign firms in Kurdistan responsible for oil delay – minister
Iraq's oil ministry said that foreign firms in Iraqi Kurdistan responsible of the delay in resuming crude exports…
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 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…
