Oil prices declined on Monday, influenced by easing geopolitical tensions amid renewed optimism for a ceasefire in the Gaza Strip, potentially tied to potential hostage releases. Hence, Brent crude decreased by 1%, reaching $88.4 per barrel, and WTI crude similarly dropped by 1%, to settle at $82.63 per barrel.
read more... 30/04/2024
Oil prices rose for a second consecutive session on Friday, driven by traders hedging their positions in anticipation of potential geopolitical events in the Middle East over the weekend. As a result, Brent crude increased by 0.5% to close at $89.5 per barrel, and WTI crude edged 0.3% up to settle at $83.85 per barrel.
read more... 29/04/2024
Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024
Egypt has halted all LNG exports from May onwards to meet is domestic needs, according to local media, in light of reduced gas production and heightened summer demand.
read more... 24/04/2024
On Monday, oil prices experienced a minor decrease due to diminishing concerns about a potential escalation between Iran and Israel following a quiet weekend with no significant updates. Brent crude stayed steady at $87 per barrel, whereas WTI crude dropped by over 1% to $81.9 per barrel
read more... 23/04/2024