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June 26, 2024

US Crude Oil Inventories Rise Last Week

The US Energy Information Administration said Wednesday that crude oil and gasoline inventories in the United States rose last week, while distillate inventories fell.

The administration, which is the statistical arm of the US Department of Energy in…

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MOCI Reduces Some Service Fees by up to 90 Percent

Doha: HE Minister of Commerce and Industry (MOCI) Sheikh Mohammed bin Hamad bin Qassim Al-Thani issued, on Wednesday, Ministerial Resolution No. (60) for the year 2024, reducing the Ministry’s service fees for the commercial, industrial, business deve…

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Oil Ticks up on Inventory Drawdown Outlook

Oil prices inched up during Asian trade on Wednesday despite a surprise jump in US stockpiles, driven by geopolitical risks and forecasts of an eventual inventory drawdown during the third quarter peak demand season.

Brent crude oil futures rose 40 c…

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Gold Prices Muted with US Inflation Data in Focus

Gold prices were subdued on Wednesday ahead of crucial US inflation data due this week, which could offer more clarity on the timing of the Federal Reserve’s first interest rate cut this year.

Spot gold was flat at $2,319.95 per ounce. US gold future…

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