West Texas Intermediate (WTI) oil price inches higher after registering 2.7% losses in the previous day, trading around $102.40 per barrel during the Asian hours on Friday. West Texas Intermediate (WTI) oil price inches higher after registering 2.7% losses in the previous
Japan’s Mimura: In close contact with US on foreign exchange Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Friday that he had no comment on foreign exchange intervention and crude oil futures. Japan’s Mim
A couple of days ago, the United Arab Emirates announced that it will formally leave OPEC on May 1, with the Middle East oil giant becoming the latest country to cut ties with the organization in recent years. A couple of days ago, the United Arab Emirates announced that i
Asian FX: Oil shock and Fed stance pressure – OCBC OCBC strategists Sim Moh Siong and Christopher Wong highlight that most Asian FX traded softer as Brent’s rise toward USD120/bbl, inflation risks and hawkish Fed repricing weighed on... Asian FX: Oil shock and Fed stance p
The Strait of Hormuz blockade has removed roughly 9 million barrels per day of crude supply from the global market, and replacement barrels are not keeping pace, according to a new report by Vortexa. The Strait of Hormuz blockade has removed roughly 9 million barrels per d
WTI Oil eases after three-day advance as Hormuz tensions keep supply risks in focus West Texas Intermediate (WTI) declines on Thursday, trading around $101.45 at the time of writing, down 3.70% on the day after three consecutive days of gains. WTI Oil eases after three-day
West Texas Intermediate (WTI) declines on Thursday, trading around $101.45 at the time of writing, down 3.70% on the day after three consecutive days of gains. West Texas Intermediate (WTI) declines on Thursday, trading around $101.45 at the time of writing, down 3.70% on
One of Japan’s biggest energy firms, ENEOS, is re-entering the joint venture operating the Malaysia LNG Tiga project with a 10% stake under a deal it has signed with Malaysia’s state oil and gas firm Petronas. One of Japan’s biggest energy firms, ENEOS, is re-entering the
California's average gasoline price surged to above $6 per gallon on Thursday, the first U.S. state to top this threshold since the Iran war rattled markets. California's average gasoline price surged to above $6 per gallon on Thursday, the first U.S. state to top this thr
Between the week ending March 20 and the week ending April 24, the U.S. Between the week ending March 20 and the week ending April 24, the U.S. Department of Energy (DOE) released a total of 17.5 million barrels of crude oil from the U.S. Strategic Petroleum Reserve
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