Browsing: oil

Brent crude futures gained 55 cents, or 0.7%, to $80.08 a barrel

Strong non-oil growth in Q2 has put Saudi Arabia on track to record an overall gross domestic product (GDP) growth of 1.2% in 2024, according to data by S&P Global Market Intelligence

SINGAPORE: Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk of conflict escalating in the Middle East.

Globally, the price of Brent crude futures contracts went up 66 cents to USD 82.37 pb, as did the West Texas Intermediate crude, up 69 cents to USD 78.28 pb

Brent crude futures for September rose 15 cents, or 0.2%, to $82.52 a barrel Oil prices rose slightly on Friday…

Lukoil is represented in China by Lukoil Lubricants China, which is responsible for the lubricants business in the country

The Federal Government has invested over $1.5 billion since 2020 to protect Nigeria’s oil installations and combat crude oil theft.

NEW YORK/SINGAPORE: Oil prices rose slightly on Friday but remained on track for a third straight week of declines due to weak demand in China, the world’s largest crude importer, and expectations of a ceasefire deal for the Gaza war and related violence in the Middle East.

SINGAPORE: Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amidst expectations of plentiful supplies and weak demand, while brushing off the US presidential campaign upheaval, according to Reuters.

TOKYO: Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September, according to Reuters.