Oil prices

OPEC+ has decided to keep its oil output policy unchanged including a plan to start unwinding one layer of output cuts from October. Top ministers from the Organization of the Petroleum Exporting Countries and allies led by Russia, or…
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Oil prices inched up on Friday amid signs of easing inflationary pressures in the world’s biggest oil consumer, the US, though the contracts were headed for a weekly decline, according to Reuters. Brent crude futures rose 33 cents, or…
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Oil prices ticked higher on Wednesday amid upbeat global demand views from the US Energy Information Administration and OPEC, reinforced by industry data showing US crude oil inventories fell more than expected last week, according to…
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Saudi Aramco has slashed July’s official selling price for the flagship Arab Light crude it sells to Asia, according to an official statement. Differentials for the flagship Arab Light grade were priced at Platts Dubai/DME Oman +$2.40…
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Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices. An Energy Ministry source announced Riyadh “will extend its voluntary cut of 1 million barrels per day, which was…
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Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency on oil demand for next year and a weaker dollar, according to Reuters. Brent…
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Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of the Organization of the Petroleum Exporting Countries and its allies this month which will…
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Global energy giant Saudi Arabian Oil Co. has raised its crude prices to Asia for September after announcing an extension of its voluntary production cut for the next month, reported Al-Ekhbariya. The company increased the official…
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Oil prices stabilized on Friday and were set to end the week flat as the market balanced supply fears against renewed economic concerns in the US and China, according to Reuters. Brent crude futures were down 5 cents, or 0.07 percent, at…
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Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the US, according to Reuters. Brent crude futures rose 67 cents, or 0.8 percent, to $82.88 per barrel by…
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