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Oil prices down with strong dollar, investor profit-taking
- Latest US consumer price inflation data marks largest increase since last September, pushing dollar index higher
15.03.2024
Oil
Global oil production increases in Feb.: International Energy Agency
- Agency also notes that global oil supply will rise by 800,000 barrels per day (bpd) to 102.9 million bpd in 2024
14.03.2024
Oil
Oil prices up with US demand rise, supply risks amid geopolitical tension
- Tension between Israel and Palestine and Russia-Ukraine War continue to support price upticks
15.03.2024
Oil
US crude oil inventories down 0.3% for week ending March 8
- Inventories decline by around 1.5 million barrels to 447 million barrels, against market expectation of 900,000-barrel rise
14.03.2024
Oil
US energy agency revises up Brent price forecast for 2024, 2025
- International benchmark Brent crude now estimated to average $87 per barrel in 2024 and $84.80 per barrel in 2025
14.03.2024
Oil