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Gulf Today Report Oil prices rise on Wednesday after data indicated an unexpected decline in US crude stockpiles and China reported its lowest daily rise in COVID-19 cases. Brent...
Gulf Today Report Oil prices fall on Tuesday as market hope for rapid approval of new US economic stimulus diminishes and coronavirus infections surge. Brent crude was down 15...
Gulf Today Report Oil prices fell on Monday as countries renew COVID-19 restrictions increasing worries over global fuel demand. Brent crude futures declined by 8 cents, or 0.1%, to...
Gulf Today Report Oil prices slipped on Friday, slipping from its 11-month highs due to concerns of the new pandemic restrictions in China affecting demand. US West Texas Intermediate...
Eng. Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, has signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4...
Gulf Today Report Oil declined on Thursday as US crude stocks gains, reviving pandemic-led demand worries, however, US stimulus hope curbed the slip in prices. US West Texas Intermediate...
Gulf Today Report Oil prices jumped on Wednesday on high hopes for the incoming US administration going ahead with a large stimulus that will aid fuel demand and drawdown...
Gulf Today Report Oil prices fell on Friday due to growing worries about Chinese cities in lockdown and US plans for the recently unveiled large stimulus package. Brent was...
Gulf Today Report Oil products inventories at Fujairah port recorded their fourth consecutive week of decline. Middle distillates fell to an 11-week low and heavy distillates slumped for the...
Gulf Today Report Oil prices fell on Thursday as investors worry about the effect of raising coronavirus cases on demand. Brent crude oil futures fell 18 cents, or 0.3%,...