Goldman Sachs Hikes Brent Oil Forecast to Over $100 for March
Goldman Sachs expects Brent Crude prices to average over $100 per barrel this month as the Middle East war continues to choke supply, the investment bank said on Friday, noting…
Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War
Oil producers in the Arab Gulf have already lost at least $15.1 billion in oil and gas revenues since the start of the Middle East war, per estimates by commodities…
Global EV Sales Slip Again as China’s Market Stalls
Sales of electric vehicles globally booked another monthly decline in February, after dipping in January, mostly on the back of a marked slowdown in purchases in China. The country, which…
Saudi Arabia Offers 2 Million Barrels for Sale From the Red Sea
Saudi Arabia has opened a tender for two million barrels of its flagship Arab Light grade for loading this month from its Red Sea port of Yanbu, Reuters has reported,…
Oil Prices Head for Weekly Gain Despite U.S. Waiver on Stranded Russian Crude
Crude oil prices were on course for another weekly gain today, despite a temporary dip following the announcement of a 30-day sanction waiver on Russian crude stuck on tankers as…
