Browsing: Oil market

Finam analyst Nikolay Dudchenko noted that yesterday’s OPEC+ decision demonstrates the cartel’s readiness to continue controlling the situation on the oil market

Products mainly included processed crude used for producing diesel, motor and aviation gasoline, and fuel oil

Kuwait’s oil GDP will rise by 0.9% quarter-on-quarter (QoQ) in the fourth quarter of 2024 and 4% year-on-year (YoY) in 2025 if its oil production is restored fully

Saudi Arabia is selling a 0.64 percent stake in oil giant Aramco as the Kingdom pushes ahead with Saudi Crown Prince Mohammed bin Salman’s plan to diversify the economy.

RIYADH: Saudi Arabia’s crude exports reached 6.41 million barrels per day in March, according to an analysis from the Joint Organizations Data Initiative.

Global prices for crude oil jumped by as much as 3.5% shortly after Israel carried out a series of strikes on Iran in the early hours of Friday.

LONDON – Europe’s main share and currency markets started the week modestly higher while oil and bond prices dipped, as investors kept Middle East concerns in check after Iran’s weekend attacks on Israel.

World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.

Oil cooled some of the previous day’s gains amid a choppy few days of activity as traders continue to watch for a potential attack on Israel by Iran or its proxies.

Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report.