[ad_1] U.S. oil inventories increased by 3.6 million barrels in the week ended Nov. 10, according to data released by the Energy Information Administration, above estimates of analysts in a…
Tag: crudeoil
CPO prices set to recover
[ad_1] KUALA LUMPUR: Palm oil industry experts remain optimistic for a recovery in crude palm oil (CPO) prices, which are expected to surpass the RM4,000 per tonne mark in 2024.…
U.S. Crude-Oil Inventories Rise Sharply as Domestic Production Soars
[ad_1] Oil stockpiles climbed by 5.9 million barrels last week to 445.6 million barrels, compared with predictions that supplies would rise by 1.3 million barrels from the prior week. [ad_2]…
O&G stocks set to get a boost
[ad_1] PETALING JAYA: Crude oil prices are expected to strengthen further as a result of production cut by the Organisation of the Petroleum Exporting Countries and allies (Opec+). This will…
Stable oil prices seen to sustain stock appeal
[ad_1] PETALING JAYA: The appeal of local oil and gas (O&G) stocks remains intact, as global crude oil prices are expected to stay relatively stable through 2023, backed by healthy…