Tag: crude prices
Oil Prices Close Higher on Surprising Crude Draw and Positive Demand Projections
Jennifer -
Oil prices concluded higher on Thursday, propelled by a larger-than-expected draw in U.S. crude supplies and optimistic demand forecasts, alleviating concerns about the demand...
Oil Prices Hold Steady Amid US Inventory Build and Red Sea Geopolitical Tensions
Jennifer -
Oil prices maintained stability during Asian trade on Wednesday, influenced by unexpected U.S. crude stockpile growth that raised concerns about market conditions in 2024....
What is brent crude used for: Applications and Significance
Jennifer -
Brent crude, a benchmark in the world of oil, plays a pivotal role in shaping the global energy landscape. Its significance extends far beyond...
European Shares Decline Amid Hawkish Fed Outlook; BoE Decision Awaited
Jennifer -
European shares slipped on Thursday, mirroring losses on Wall Street following the U.S. Federal Reserve's signal of prolonged higher interest rates. Investors also awaited...
Oil Prices Hold Steady Near Four-Month Peak Amid OPEC+ Production Cuts
Jennifer -
Oil prices experienced a slight retreat on Monday, yet remained in proximity to their most elevated levels since mid-April, bolstered by a commitment from...
Oil Prices Poised for Sixth Consecutive Weekly Gain as Output Reduction Commitments Solidify
Jennifer -
In a testament to the evolving landscape of global oil dynamics, prices surged for a consecutive second day on Friday, firmly poised to mark...
What is the Difference Between Brent Oil and Crude Oil?
玛丽 -
When discussing the global oil market, two terms often come up: Brent oil and crude oil. These terms refer to different types of oil...
Putin Orders Adjustments to Indicators Determining Taxation on Oil Prices
Joy -
On May 23, according to a statement from the Kremlin, Russian President Vladimir Putin ordered the government to fine-tune existing indicators and establish new...
Oil Prices Rise on Optimism
Joy -
Oil prices rose on May 18 as traders bought into risky assets on optimism about U.S. debt-ceiling talks, largely ignoring a bearish EIA report. U.S....
Brent Crude Vs WTI Crude: What’s the Difference?
Joy -
Brent and WTI crude are two of the most widely used benchmarks for oil prices worldwide. In this article, we will take a closer...
Why is brent crude rising
Joy -
Brent crude, a type of oil that is used as a benchmark for pricing other crude oils, has been rising in price in recent...
Why brent crude is falling
Joy -
If the price of Brent crude is currently falling, there are a number of potential reasons why this might be the case. One possible reason...