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Energy & Petroleum News Today

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Latest Market News Of Energy & Petroleum

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OfBusiness Petroleum Daily Market Report | 27th July 2024
Petroleum
Daily Market Report
27 July

OfBusiness Petroleum Daily Market Report | 27th July 2024

Brent crude futures for September rose 7 cents to $82.44 a barrel by 0014 GMT. U.S. West Texas Intermediate crude for September increased 4 cents to $78.32 per barrel. MCX Crude oil prices opened at 6576 with a rise of 0.06%.
OfBusiness Petroleum Daily Market Report | 26th July 2024
Petroleum
Daily Market Report
26 July

OfBusiness Petroleum Daily Market Report | 26th July 2024

Brent crude futures for September rose 7 cents to $82.44 a barrel by 0014 GMT. U.S. West Texas Intermediate crude for September increased 4 cents to $78.32 per barrel. MCX Crude oil prices opened at 6576 with a rise of 0.06%.
OfBusiness Petroleum Daily Market Report | 25th July 2024
Petroleum
Daily Market Report
25 July

OfBusiness Petroleum Daily Market Report | 25th July 2024

Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel by 0129 GMT. U.S. West Texas Intermediate crude for September slid 33 cents, or 0.4%, to $77.26 per barrel. MCX Crude oil prices opened at 6475 with a fall of 0.98%.
OfBusiness Petroleum Daily Market Report | 24th July 2024
Petroleum
Daily Market Report
24 July

OfBusiness Petroleum Daily Market Report | 24th July 2024

Crude oil futures traded higher on Wednesday morning as the industry data showed increased inventory levels in the US. September Brent oil futures were at $81.14, up by 0.16 percent, and September crude oil futures on WTI were at $77.11, up by 0.19 percent.
Europe Gasoline/Naphtha-Gasoline cracks end week higher after stocks decline

Europe Gasoline/Naphtha-Gasoline cracks end week higher after stocks decline

European gasoline refining margins rose by over $2 to $14.70 a barrel due to a decline in regional stocks, negatively impacting export economics to the US.
Oil prices rise as investors look forward to U.S. rate cuts

Oil prices rise as investors look forward to U.S. rate cuts

Oil prices experienced a hike in Asia due to speculations of the U.S. initiating interest rate cuts from September, constantly watched by investors.
Economic Survey: Solar installed capacity increased by over 25 times between 2014 to 2023

Economic Survey: Solar installed capacity increased by over 25 times between 2014 to 2023

India's solar capacity increased over 25 times from 2014 to 2023, says the Economic Survey 2023-24. Despite risks with large-scale renewable energy integration, it's imperative, alongside adopting clean coal technologies.
Asia Naphtha/Gasoline-Naphtha crack extends gains, prices plunge

Asia Naphtha/Gasoline-Naphtha crack extends gains, prices plunge

Asia's naphtha refining profit margin increases as a decline in crude oil prices sees a reduction in costs for the light distillate.
Middle East Crude-Benchmarks ease; IRPC buys Abu Dhabi light grades

Middle East Crude-Benchmarks ease; IRPC buys Abu Dhabi light grades

Middle East crude benchmarks Oman, Dubai, and Murban saw a drop in spot premiums as Asian refiners' buying interest decreased following last week's intense trade activities. Meanwhile, IRPC procured Abu Dhabi light grades.
Oil steadies, weighed down by predicted surplus amid weak demand

Oil steadies, weighed down by predicted surplus amid weak demand

Oil market fundamentals likely to balance by Q4, however, a predicted supply surplus next year may suppress Brent prices to mid-to-high $70s per barrel. Market consolidation and dip buying activities temporarily boost prices. A potential decrease in demand could further lower oil prices.

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