oil prices

Last Updated: July 08, 2023, 01:27 ISTNew York, United States of America (USA)Oil analytics firm Vortexa said there are currently 10.5 million barrels of Saudi crude in floating storage off the Egyptian Red Sea port of Ain Sukhna, down by…

Last Updated: July 07, 2023, 01:53 ISTNew York, United States of America (USA) OPEC ministers and executives from oil companies told a two-day conference in Vienna that governments needed to turn their attention from supply to demand.…

Last Updated: July 05, 2023, 02:07 ISTNew York, United States of America (USA)U.S. markets were closed on Tuesday for the Independence Day holiday. (Photo: Reuters)Oil benchmarks settled about 1% down in the previous session, as a gloomy…

Oil prices rose on Monday after key producers Saudi Arabia and Russia further cut crude output in a bid to protect their precious revenues, but quickly gave up their gains.Asian stock markets meanwhile advanced as easing inflation data…

Last Updated: June 29, 2023, 01:58 ISTNew York, United States of America (USA) Some analysts expect the market to tighten in the second half, citing ongoing supply cuts by OPEC+, the OPEC and allies like Russia, and Saudi Arabia’s…

Last Updated: July 01, 2023, 01:59 ISTNew York, United States of America (USA)Prices have been under pressure from rising interest rates in key economies and a slower than expected recovery in Chinese manufacturing and consumption. (Photo:…

U.S. stocks were mixed and benchmark Treasury yields jumped to their highest level since March on Thursday as robust economic data helped ease recession fears, but also increased the odds that the Fed will keep its restrictive policy in…

Last Updated: June 28, 2023, 00:36 ISTNew York, United States of America (USA)European Central Bank President Christine Lagarde on Tuesday said that stubbornly high inflation will require the bank to avoid declaring an end to rate hikes.…

Last Updated: June 27, 2023, 00:25 ISTNew York, United States of America (USA)In an early indicator of future U.S. supply, the number of oil and natural gas rigs operated by U.S. energy companies fell for an eighth week in a row for the…

Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy.The S&P 500 was modestly…