03:41 PM @ 05/06/2023
Oil prices rose by more than $2/bbl in early trade on Monday following a pledge by Saudi Arabia – the world’s largest crude exporter – to cut its production by another 1m bbl/day in July.SEE MORE03:31 PM @ 05/06/2023
Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting the macroeconomic headwinds that have depressed markets.SEE MORE02:44 PM @ 05/06/2023
Viet Nam’s export value of goods could reach US$618 billion by 2030, with the average annual growth rate of 7 percent in the 2021-2030 period.SEE MORE05:00 PM @ 02/06/2023
At 459.7 million barrels, crude oil inventories in the U.S. are around 2% below the five-year average for this time of the year.
Last week’s change compares with a substantial draw of 12.5 million barrels for the previous week, which caused prices to jump but only for a short while.SEE MORE04:44 PM @ 02/06/2023
Iraq, OPEC’s second-largest oil producer, exported on average 3.3 million barrels per day (bpd) of oil in May, flat compared to April, according to the Iraqi oil ministry.SEE MORE
