Oil prices inched higher on Friday as markets weighed potential supply disruptions following increased U.S. economic pressure on Venezuelan oil...
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Maroc - FINANCIALMIRROR.COM - A La Une - 11/07/2024 08:52
West Texas Intermediate (WTI) crude oil prices are building on the overnight recovery from the $80.00 level, or a two-week low and gaining follow-through positive traction during Asian trading on Thursday. The uptick is supported by a combination of factors and lifts the commodity to a multi-day peak, around $82.00 in the last hour. The Organisation of the Petroleum Exporting Countries (OPEC) maintained its forecast for relatively strong growth in global oil demand this year and next. Adding to this, the US Energy Information Administration (EIA) reported that crude inventories fell by 3.4 mln barrels to 445.1 mln barrels in
Oil prices inched higher on Friday as markets weighed potential supply disruptions following increased U.S. economic pressure on Venezuelan oil...
WTI crude below $60 could lift Valero Energy's margins, as the refiner buys cheaper oil and turns it into gasoline and distillates as inventories...
Venezuela sits atop an estimated 303 billion barrels of crude oil, according to OPEC data, making it the world’s largest holder of proven reserves....
Venezuela sits atop an estimated 303 billion barrels of crude oil, according to OPEC data, making it the world’s largest holder of proven reserves....
As the sun sets on 2025, the oil market is headed for its steepest annual decline since 2020, when COVID-19 had decimated demand. Often known as the...
Libya's National Oil Corporation (NOC) has disclosed its average daily crude oil production and total (cumulative) production figures for the past 10...
OPEC+ stuck with plans to pause supply increases in the first quarter, as global markets face a surplus and the group awaits clarity on whether the...
OPEC+ stuck with plans to pause supply increases in the first quarter, as global markets face a surplus and the group awaits clarity on whether the...
Doha, Qatar: Oil prices settled lower on Friday on the first trading day of 2026 after registering their biggest annual loss since 2020, as investors...
Doha, Qatar: Oil prices settled lower on Friday on the first trading day of 2026 after registering their biggest annual loss since 2020, as investors...