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Brent Oil Price Forecast – November 7, 2024

Brent oil prices are showing a bearish bias as they test the $75.36 level, which is a critical point for the continuation of the...

8 OPEC+ Members Extend Voluntary Oil Output Cuts by One Month

VIENNA: Eight member countries of the OPEC+ oil-producing group announced on Sunday that they will extend their voluntary output cuts by one month, continuing...

Why Is Canadian Oil So Cheap?

Understanding the dynamics of oil pricing is essential for grasping the complexities of the global energy market. Canadian oil, particularly from Alberta’s oil sands,...

What is the Oil Symbol in Trading?

In the world of financial markets, commodities trading plays a critical role in shaping economies and investment...

How Do You Add Crude Oil to MT4?

MetaTrader 4 (MT4) is one of the most popular trading platforms used by retail traders globally. While...

What Does Brent Stand For?

Brent crude oil is one of the most significant benchmarks in the global oil market, widely recognized...

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China’s June crude oil imports soar 45.3% year-on-year

July 13th, according to foreign media reports, customs data showed that China's crude oil imports in June increased by 45.3% year-on-year, reaching the second...

IEA cuts 2023 oil demand growth forecast for first time this year as global economy slows

The International Energy Agency (IEA) said on July 13 that oil demand will hit a record high this year, but economic headwinds and interest...

High-sulfur fuel oil: the upward drive is still there, and the space may be limited

July 12th, in the second half of the year, we expect that China's imported fuel oil will be difficult to maintain at a high...

Technical analysis: WTI hits first stretch target

July 12th, Economies analysts’ latest opinion today: WTI crude oil prices have successfully reached our first expected target of 75.00, waiting for new positive...

China July 12 refined oil price adjustment

At 24:00 on the 12th, a new round of price adjustment window for China's refined oil products will open. The agency predicts that the...

Technical analysis: WTI crude oil prices receive positive signals on July 11

July 11th, Economies analysts' latest views today: WTI crude oil prices approached the key support level of 72.60 yesterday, and rebounded here, moving towards...

Technical Analysis: Brent opens higher on July 11

July 11th, Economies analysts' latest views today: After facing negative pressure in the previous trading sessions, Brent crude oil prices closed at 77.75 yesterday...

Russia refinery spare capacity rises in July, making it harder to cut exports

July 10 (Reuters) - Russia's primary refinery idle rate will exceed an expected 38 percent in July, according to industry sources and Reuters calculations,...

Summary of important daily global energy information (July 10)

1. Kuwait Oil Minister: Kuwait and Saudi Arabia have "exclusive rights" in the Durra gas field. 2. The U.S. Department of Energy said it would...

Technical analysis: WTI crude oil faces downward pressure on July 10

July 10th, Economies analysts' latest opinion today: WTI crude oil prices encountered resistance at 73.80 and were negatively affected by stochastic indicators, which may...

Summary of important daily global energy information (July 10)

1. Kuwait Oil Minister: Kuwait and Saudi Arabia have "exclusive rights" in the Durra gas field. 2. The U.S. Department of Energy said it would...

What is Brent Oil and Crude Oil?

Oil is one of the most crucial and widely traded commodities in the world. It serves as a vital energy source and is used...

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