Fitch Ratings revised down its 2025 oil price assumptions on Wednesday, citing weaker global growth from trade tensions and a planned increase in OPEC+ production. The agency now expects Brent to average $65 per barrel, down from $70, and WTI to reach $60, down from $65.The updated...
Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went up by 500,000 barrels to 442.9 million barrels in the week ending April 11, the Energy Information Administration (EIA) stated in its report published on Wednesday.Oil refinery...
Oil prices rebounded on Wednesday, rising over 1% following reports indicating that China was willing to engage in trade discussions with the United States.Sources said that Beijing had set specific conditions for the US President Donald Trump's administration before proceeding with trade...
Crude oil prices declined by over 1% on Wednesday after the International Energy Agency (IEA) significantly lowered its 2025 demand outlook, projecting growth at its weakest level in five years and cautioning that worldwide oversupply could continue through 2026.Meanwhile, API figures...
Crude oil inventories in the United States reportedly increased by 2.4 million barrels in the week that ended on April 11, American Petroleum Institute's (API) private data reportedly showed on Tuesday.At the same time, reserves in Cushing, Oklahoma were down by 349,000 barrels. Gasoline stockpiles...
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