Pakistan’s Prime Minister Shehbaz Sharif announced on Wednesday that the country’s oil import bill has jumped 167% to $800 million per week amid the war in Iran from around $300 million weekly before the conflict began. Pakistan’s Prime Minister Shehbaz Sharif announced on
S&P: Oil Prices May Need to Stay Elevated to Rebalance Markets S&P: WTI and Brent prices likely need to rise further or remain elevated for a prolonged period to curtail demand and improve market balances S&P notes its long-term oil price assumptions for 2028 and beyond remain...
UAE exit shakes OPEC — But prices may stay rangebound The United Arab Emirates is set to leave OPEC from May 1, marking one of the most significant shifts in the oil market in recent years. UAE exit shakes OPEC — But prices may stay rangebound The United Arab Emirates is s
Oil surges while investors wait for Fed and tech earnings A fresh surge in oil prices reflects growing concerns about energy supplies, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform... Oil surges while investors wait for Fed and tech ea
BoC's Senior Dep. BoC's Senior Dep. Gov. Rogers: Over the longer term, trade tensions are a bigger threat to the economy than higher oil prices.| FJ
Crude oil futures are racing higher, up roughly $5 or 5% on the day, and pushing into a key decision zone. Crude oil futures are racing higher, up roughly $5 or 5% on the day, and pushing into a key decision zone. The move to the upside has been supported by reports that t
Crude oil inventories in the United States decreased by 6.2 million barrels during the week ending April 24, according to new data from the U.S. Crude oil inventories in the United States decreased by 6.2 million barrels during the week ending April 24, according to new da
❗ EIA Crude Oil Inventories Actual -6.234M (Forecast -0.19M, Previous 1.925M) EIA Gasoline Inventories Actual -6.075M (Forecast -2.785M, Previous -4.570M) EIA Distillate Inventories Actual -4.494M (Forecast -2.15M, Previous -3.427M) EIA Crude Cushing Inventories Actual -0.796M...
Oil hits one-month high as blockade continues, more risks emerge The mood is souring on Wednesday as markets digest another leg higher in the oil price. Oil hits one-month high as blockade continues, more risks emerge The mood is souring on Wednesday as markets digest anot
EIA Crude Cushing Inventories Actual -0.796M (Forecast -, Previous 0.806M) EIA Distillate Inventories Actual -4.494M (Forecast -2.15M, Previous -3.427M) EIA Crude Oil Inventories Actual -6.234M (Forecast -0.19M, Previous 1.925M) EIA Gasoline Inventories Actual -6.075M (Forecast...</strong