Oil prices rose around one per cent in the previous session on geopolitical tensions in the Middle East but posted a weekly loss over a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about delayed US inter...
5 months agoIran's crude production has risen by more than 20 per cent over the past two years to 3.4 million barrels per day (bpd), which is 3.3 per cent of the total global oil supply. With the ongoing proxy conflict with Israel, analysts say that if the market we...
5 months agoOil prices slipped more than $1 on Wednesday, April 17, as US commercial inventories rose, while weaker economic data from China and dampened prospects of interest rate cuts stoked worries about the global demand. Analysts do not expect Iran's unpreceden...
5 months agoOil prices were broadly steady on Thursday, April 18, as investors weighed US sanctions on Venezuela and Iran, and robust US jobs data against the wider backdrop of demand concerns and easing Middle East tensions that had pushed prices three per cent low...
5 months ago