Crude oil futures decline on low demand. NEW DELHI: Crude oil futures on
Baghdad (IraqiNews.com) – Iraq, the world’s fifth-largest oil producer, continues to have a key place in the oil export industry. This makes Iraq the second-largest Middle Eastern exporter, with oil revenues predicted to have reached $111 billion in 2022, accounting for 7.62% of total exports. Iraq’s oil reserves remain a critical resource for its economy,
KUWAIT CITY, April 13: Crude oil is indeed a cornerstone of the global economy, serving as a vital raw material for various industries, reports Al- Anba daily. Following is the list of top oil exporting countries and their significant contributions to the global oil trade: Saudi Arabia -- Reigning at the top of the list, Saudi Arabia exported $236 billion worth of oil in 2022, comprising 16.2% of global oil exports. With vast reserves and substantial production capabilities, Saudi Arabia plays a...
Crude oil price's rise halted at the first target of $87.75, leading to a
Oil prices have rallied this year, booking three consecutive months of gains, with U.S. crude adding 21% while Brent is up about 18%.
Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources Inc. and its co-venturer, Millenium Oil & Gas Company Limited.
Israel is preparing for a direct attack by Iran on southern or northern Israel as soon as Friday or Saturday, The Wall Street Journal reported.
Oil prices finished higher Thursday for a fifth straight session, buoyed by rising tensions in the Middle East after Israel’s recent strike on Iran’s
After a positive start to the new financial year 2024-25 (FY25), the second week of April 2024 brings in several key corporate and macroeconomic data releases, which will keep investors on their toes. The first set of January-March quarter results for fiscal 2023-24 (Q4FY24), domestic macroeconomic data, corporate announcements, crude oil prices, foreign capital outflow, and global cues are the main stock market triggers that will guide market direction this week.Indian stock market traded...
Tareck El Aissami latest in purge of politicians, human rights advocates and critics by government of Nicolás MaduroVenezuela’s former oil minister Tareck El Aissami – once one of President Nicolás Maduro’s closest allies – has been arrested for allegedly participating in an international scheme that syphoned off hundreds of millions of dollars from the country’s state oil company.The charges against El Aissami are part of a wider government purge that has so far led to charges being brought...
Oil jumped to the highest price since Oct as Israel braced for a possible retaliatory attack from Iran, a development that would threaten major disruptions in a region. An assault is expected to come as soon as the next 48 hours. Global benchmark Brent surged as much as 2.7 per cent to top $92 a barrel, a level last reached during the early days of the war.
Here's What Will Push Oil Above $100/Bbl Back in early December, just after Powell's dovish pivot shocked everyone, many closet oil bulls like BofA's energy strategist Francisco Blanch, predicted that a dovish Fed would send oil back to $100. Unfortunately for him, oil did nothing and just one month later, as no oil buying had materialized, Blanch threw in the bullish towel and cut his oil price forecast by 11%, ironically bottom ticking to the dot oil just as it was about to soar...