Oil market appears more localised, as the ongoing Red Sea unrest and rising freight rates made supplies …
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global oil market
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Industry & TradeInternational NewsNews
IEA foresees oil demand recovery
by Norhan Adelby Norhan AdelThe International Energy Agency (IEA) anticipates tight oil markets, contrasting with the current decline in oil prices, …
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International NewsNews
Oil prices retreat amid concerns about dollar price
by Norhan Adelby Norhan AdelOil prices have decreased Monday amid anticipations about the Federal Reserve’s upcoming meeting and decisions.
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Oil prices recorded an increase exceeding 2 percent, right after hitting their lowest since December 2021 on …
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Saudi Arabia is struggling to maintain its share of the global oil market in a contest that …
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Four longtime traders in the global oil market claim in a lawsuit that the prices for buying …