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American apathy supports Oil
The Forex Market· 1 day agoThe price of crude Oil rose steadily in the previous fortnight and is starting the new week with a positive trend. The OPEC+ meeting in early June...
Oil funds temper bearishness after OPEC+ reassurance
Gulf Business· 6 days agoInventories of both gasoline and diesel have been rising relative in the US, and consumption growth for oil remains tepid across some markets
The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs...
Business Insider via Yahoo Finance· 17 hours agoOther oil producers are continuing to pull back on production, too. OPEC+, the oil cartel led by...
Kuwait Announces Power Cuts As Demand Spikes In Summer Heat
International Business Times· 5 days agoKuwait has announced temporary power cuts in some parts of the country during peak consumption hours, saying it is struggling to meet increased demand spurred by extreme summer ...
Oil Edges Lower as US Stockpile Build Tempers Investor Optimism
Bloomberg via Yahoo Finance· 6 days ago(Bloomberg) -- Oil edged lower, after earlier touching a seven-week high, as signs of further growth...
Oil prices fall as rally takes a pause while traders watch Middle East tensions, summer demand
NBC New York· 4 hours agoWest Texas Intermediate and Brent are ahead by about 5% for the month.
Huge Saudi construction projects 'might get scaled down'
BBC via Yahoo News· 2 days agoAll these projects will require massive investments in the years to come. Mr Shihabi expects the...
One of the world's 'most dangerous' countries raking in £9.5bn from oil
Daily Express· 2 days agoVenezuela is the country boasting the largest oil reserves in the world. The experts noted in...
Fossil fuel use, emissions hit records in 2023, report says
Reuters via Yahoo Finance· 6 days agoGlobal fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil...
UAE growth to surpass 6% in 2025, says central bank
Gulf Business· 3 days agoA faster growing oil and gas sector in 2025 will boost growth in the UAE, says a report