Oil steady as Canadian wildfires offset OPEC+ supply rise
Oil prices held steady on Wednesday as supply disruptions in Canada due to wildfires helped offset pressure from…
Browsing Tag
West Texas Intermediate (WTI)
Goldman Sachs cuts ’26 oil price forecasts
Goldman Sachs has lowered its 2026 average price forecasts for Brent and West Texas Intermediate (WTI) crude by $4,…
BPCL diversifies oil sources amid reduced Russian supplies
India's state-run Bharat Petroleum Corp (BPCL) is turning to Middle Eastern crude to offset declining Russian oil…
Oil stable on Wednesday
Oil prices stabilised after their biggest gain in over two weeks, as OPEC+ moved closer to delaying supply…
Oil steady on Wednesday
Oil prices steadied after a two-day decline as easing tensions in the Middle East shifted market focus toward…
Oil steady on Thursday
Oil steadied after four days of declines as traders assessed Middle East risks and weak China stimulus measures.…
Natural gas price drop cuts US producer revenue in Q1’24 – EIA
Natural gas price declines led to a significant reduction in revenue for US oil producers during the first quarter…
Oil prices climb on Tuesday amid Hurricane concerns
Oil prices continued their upward trajectory on Tuesday due to concerns about US production disruptions caused by…
Oil prices rise on US rate cut expectations
Oil prices rose in Asian trade on Monday, driven by expectations of a US interest rate cut this week.
Oil up on Monday
Oil prices rose from their lowest level since 2021 after oversold conditions and weather concerns pushed them…