Saudi Aramco Reports 23% Drop in Q3 Profit Amid Oil Price Pressures
Key Insights Saudi Aramco reported a 23% drop in net profit for Q3 2023, citing lower crude oil prices and…
Oil Prices Dip Despite Israel-Gaza Tensions
Key Insights Oil prices fell as Israel launched a ground offensive in Gaza, but concerns about supply disruptions remained due…
World Oil Prices Surge as Russia Bans Fuel Exports
Key Insights Brent oil prices rose by 0.7% and WTI by 0.85% amid Russia’s ban on fuel exports. Fears that…
Saudi Arabia Extends Cuts in Oil Production to September
Key Insights Saudi Arabia has extended a voluntary cut in oil production by 1 million barrels per day to September.…
Brent Oil Prices Unlikely to Fall Below $70, Citigroup Predicts
Key Insights Oil prices are unlikely to fall below $70 a barrel due to a number of price-supporting factors, including…
Brent Crude Tops $80 A Barrel for the First Time Since April
Key Insights Brent oil price surpasses $80 per barrel, marking the first time since April. Saudi Arabia and Russia’s commitments…