Tag: OPEC

The American Petroleum Institute (API) disclosed on Tuesday that U.S. crude inventories experienced a more pronounced decline than anticipated last week, signaling an uptick...

Oil prices concluded higher on Monday, buoyed by indications of an improving economy in China, which fueled hopes for increased demand, even as wildfires...

Oil prices saw an increase on Tuesday as the balance between supply and demand appeared poised to tighten due to operational disruptions, robust demand,...

Oil prices experienced a downturn in early Asian trading on Wednesday, driven by data indicating a buildup in both crude and fuel inventories in...

Despite recent fluctuations in oil prices and concerns over inventory levels, Standard Chartered predicts a robust recovery in global oil demand, particularly in the...

Oil prices rallied in Asian trading on Tuesday, bouncing back from recent declines as market participants anticipated potential supply constraints in the coming months....

In the realm of the energy industry, gasoline plays a pivotal role as one of the most widely used fuels for transportation worldwide. Behind...

Oil prices climbed on Tuesday, buoyed by stronger-than-expected economic growth in China and heightened tensions in the Middle East following Iran's recent missile and...

The Organization of the Petroleum Exporting Countries (OPEC) plays a significant role in the global oil market, with its member countries collectively producing a...

Oil prices experienced a notable decline in early Asian trading on Monday, attributed to Israel's partial withdrawal of troops from Gaza and renewed discussions...

Oil prices experienced a notable decline on Monday, with Brent crude slipping below $90 per barrel, as tensions in the Middle East eased following...

Oil prices maintained their upward trajectory in Asian trading on Wednesday, hovering near five-month highs as indications of dwindling U.S. inventories and the potential...