On Wednesday, crude oil prices traded slightly down, as official US crude inventory data indicated low gasoline demand. Thus, Brent crude ended 0.4% lower at $106.92 a barrel, while WTI decreased by 4.2% to $99.88 a barrel.
read more... 21/07/2022
Oil prices saw a downwards correction on Thursday, pulling back from new two-month highs reached the previous session. The losses were attributed to profit-taking among speculative buyers. However, falling US inventory levels and optimism surrounding Omicron limited the downside. Brent crude lost 0.2% to settle at $84.47 a barrel. U.S. WTI crude futures slipped by 0.6% to end at $82.12 a barrel.
read more... 14/01/2022
Global cumulative emissions could be reduced by 10 per cent during 2020-2030, if refineries adopted low carbon measures, according to the global inventory of carbon dioxide (CO2) emissions published recently in One Earth.
read more... 24/08/2021
Oil prices retreated on Tuesday as a sharp increase in COVID-19 infections in India, Asia’s third-largest economy raised worries about demand recovery. Hence, Brent crude lost 0.7% to settle at $66.57 a barrel. Meanwhile, U.S. WTI crude declined by 1.1% to end at $62.67 a barrel amid a surprise API inventory build.
read more... 21/04/2021
Oil prices continued to climb on Wednesday, hitting the highest levels since late February 2020 after Saudi Arabia announced a major cut in black gold production. Meanwhile, a larger-than-expected US crude inventory draw added further support to oil prices. Hence, Brent crude rose by 70 cents, or 1.3%, to settle at $54.30 a barrel. U.S. WTI crude settled 70 cents higher, or 1.4%, to end at $50.63 a barrel.
read more... 07/01/2021