Tuesday, April 16, 2024

Economy

U.S. oil inventories fell by 12.5 million barrels in a week, contrary to expectations.

The U.S. Energy Information Administration reported on Wednesday that U.S. oil inventories fell by about 12.5 million barrels last week, compared with expectations for...

Crude oil prices rose 1%, with Brent near $78 a barrel

Crude oil prices rose more than 1% during trade today, Wednesday, May 24 (2023), to reap a third consecutive session of gains amid...

“Saudi Development” Funds $2.7 Billion Green Hydrogen Project

"Saudi Development" Funds $2.7 Billion Green Hydrogen Project The Saudi Development Fund, through its subsidiaries, has financed the largest global plant for green hydrogen production,...

Variation in US economic data…and confusion in markets

Wall StreetThe US manufacturing sector contracted in May for the first time in 4 months, with the preliminary reading of the May manufacturing PMI...

Crude oil prices continue to rise, and Brent has crossed $76 a barrel

Crude oil prices rose for the second day in a row today, Tuesday, May 23 (2023), on investors' expectations of market restraint in...

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