Oil

NEWS DESK

Oil prices edge up amid Russia-Ukraine tensions, but weak demand outlook – Century Financial

News Desk 1 18/11/2024 0

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. In a significant reversal of Washington’s policy in

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Oil Prices Hover Near Two-Week Lows Amid Demand Concerns and OPEC Downgrade

News Desk 1 17/11/2024 0

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, to $72.38 per barrel, while […]

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Oil Prices Inch Up, Gold Struggles Amid US Dollar Strength and OPEC Demand Outlook 

News Desk 1 14/11/2024 0

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but gains were limited as the dollar hit a seven-month high. On Tuesday, the benchmarks closed at their lowest level in nearly two weeks after the Organization of the Petroleum Exporting Countries lowered […]

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Gulf Markets Slip as Oil Prices Rebound Amid Fed Rate Speculation and Dollar Strength – APM Capital Market Report

News Desk 1 14/11/2024 0

GCC market Most stock markets in the Gulf ended lower on Wednesday ahead of crucial U.S. inflation data that will offer more clarity on the pace of the Federal Reserve’s interest rate reductions. Saudi Arabia’s benchmark index declined 1%, weighed down by a 1.7% fall in aluminum products manufacturer Al Taiseer Group and a 1.9% […]

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Global oil markets likely to witness price drop – Noor Capital

News Desk 1 14/11/2024 0

Factors That Could Lead to Further Decline in Oil Prices Several factors have emerged in global oil markets that may contribute to a price drop shortly. Most of these are linked to imbalances in supply and demand, while some are related to political and economic developments in the United States and major economies. Oil prices […]

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Oil continues to rise following Trump win – Noor Capital

News Desk 1 08/11/2024 0

Oil continues its upward trajectory since the start of Wednesday trading, extending a strong rally driven by developments in the U.S. political landscape, American oil inventories, Middle Eastern tensions, and a boost in risk appetite across markets. Trump’s economic policies focus on increasing tariffs and implementing more tax breaks for families and businesses, making

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U.S. Stock Futures Rise Amid Calmer Geopolitics, Key Earnings, and Election Countdown

News Desk 1 03/11/2024 0

U.S. stock index futures climbed on Monday, supported by easing geopolitical concerns and anticipation of a busy week, including key technology earnings, nonfarm payroll data, and final U.S. presidential election campaign pushes. By 06:35 ET (10:35 GMT), Dow Jones Futures were up 225 points (0.5%), S&P 500 Futures gained 36 points (0.6%), and Nasdaq 100 […]

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Geopolitical Tensions Boost Oil Prices; Bitcoin Rallies as Election Day Nears – Century Financial

News Desk 1 02/11/2024 0

Oil edged higher after a two-day decline, with traders weighing developments in the Middle East and the prospects for more OPEC+ supply. Brent rose toward $72 a barrel after tumbling more than 6% over the previous two sessions, while West Texas Intermediate was near $68. While one Israeli minister suggested that the war with Hezbollah […]

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Gulf: McLaren’s Official Oil and Lubricant Partner, Trusted Globally

News Desk 1 30/10/2024 0

Gulf Oil International Limited and McLaren Automotive have further accelerated their partnership which celebrates the two iconic brands’ pursuit of optimum performance and drive power. The technology teams at Gulf and McLaren Automotive have worked together to develop Gulf Formula Elite in order to offer the ultimate protection for McLaren’s V8 and V6 engines.

NEWS DESK

Oil Markets Roiled Amid Geopolitical Tensions, Hurricane Devastation

News Desk 1 11/10/2024 0

Oil prices have been on a wild ride in recent weeks, driven by a perfect storm of geopolitical tensions and natural disasters. The escalating conflict between Israel and Iran, coupled with the devastating impact of Hurricane Milton on U.S. fuel supplies, has sent crude oil prices soaring. The Middle East, a region that accounts for […]

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Investors should avoid panic about oil prices in the Middle East crisis

News Desk 1 02/10/2024

Oil prices rose by more than 4% to about $75 a barrel on Tuesday. So far, oil prices rose by more than 4% as escalation has intensified between Israel and Iran. Amid this geopolitical scene, the risk of a jump in oil prices that could trigger another global inflation shock appeared to be materializing. However, […]

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Oil Prices Steady as Supply Outlook Offsets Middle East Tensions – Noor Capital

News Desk 1 01/10/2024

Oil prices remained relatively unchanged on Tuesday as prospects of stronger supply and sluggish global demand growth balanced concerns over potential disruptions from escalating tensions in the Middle East. Key Price Movements: ·  Brent Crude: December delivery edged up 13 cents (0.18%) to $71.83 a barrel as of 0615 GMT. ·  West Texas Intermediate

NEWS DESK

Financial Markets Weekly Recap: US Labour Data Attracted Most Investors’ Attention

News Desk 1 23/09/2024

The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs added and several downward revisions. […]

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Gold Prices Dip Awaiting Fed Decision; Oil Prices Rise Amid Central Bank Anticipations – Century Financial

News Desk 1 17/09/2024

Oil prices finish higher despite weak China data and gear up for a week of ‘amplified’ volatility: Oil futures rose Monday as traders shook off another round of lackluster data from China to focus on upcoming decisions by global central banks during a week that’s likely to see “amplified” volatility.Oil prices were steady on Tuesday, […]

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Gold Hits Record High as Dollar Weakens; Oil Prices Steady Amid US Disruptions – APM Capital Market Report

News Desk 1 17/09/2024

Commodities Gold prices charged to a record high on Monday as a weaker dollar and the prospects of aggressive U.S. monetary policy easing boosted non-yielding bullion’s appeal. Spot gold was up 0.1% at $2,579.09 an ounce after a record peak of $2,589.59. Oil prices consolidated recent gains on Monday as ongoing disruption to US Gulf […]

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Oil drops on hurricane impact, gold hits record, bitcoin falls ahead of Fed meeting

News Desk 1 16/09/2024

It’s the Epicenter of U.S. Gas Exports, and a Hurricane Magnet: When Francine slammed southern Louisiana, it became the latest storm to hit near an area that has become the epicenter of U.S. LNG exports. Oil falls after back-to-back gains on storm disruptions, still settles higher for the week: Oil futures finished with a loss […]

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Oil Slumps 8% and Gold Declines Following U.S. Jobs Data – Century Financial

News Desk 1 09/09/2024

Oil prices drop 8% for the week, pressured by prospects of a slowdown in demand: Oil futures fell sharply on Friday to post a weekly drop of about 8%, with global benchmark prices settling at their lowest since 2021, driven by worries over a slowdown in demand. OPEC+ delaying its oil-output increase won’t solve ‘pervasive’ […]

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Oil Prices Hit 14-Month Lows Amid Mixed U.S. Jobs Data and Demand Concerns – APM Capital Market Report – APM Capital

News Desk 1 09/09/2024

Commodities Gold prices eased on Friday, retreating from near-record levels reached earlier, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month. Spot gold sold off quite heavily in afternoon trading to fall from a high of $2,529 per ounce, to finish the session at $2,496.  […]

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Oil, Gulf Markets, and Gold Face Downturn – Century Financial

News Desk 1 04/09/2024

Oil prices tumble on growth fears, wiping out 2024 gains: Oil futures settled Tuesday at their lowest prices of the year as downbeat economic data from China and a weak reading on the U.S. manufacturing sector fed worries about a slowdown in energy demand.Oil Futures Sink On Supply-Demand Worries: Crude futures fall to their lowest […]

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Oil Falls 2% on Growth Concerns; Gold and US Stocks Weaken Amid Market Uncertainty – APM Capital Market Report

News Desk 1 28/08/2024

Commodities Oil prices saw a sharp reversal yesterday and fell about 2% on worries that slower economic growth in the US and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Brent futures fell $1.88, or 2.3%, to settle at $79.55 a barrel, while US West Texas […]