Bahrain is one of the smallest countries in Asia; the only Maldives and Singapore are smaller than in Bahrain. Nevertheless, this Middle Eastern country has a promising digital currency market. This is very important for Bahrain as well as for other countries in the region. Crypto-related businesses are one of the best solutions when it …
The oil prices increased on the first day of November. The price of Brent crude rose by 9 cents or 0.15% to 59.71% a barrel. However, this was not enough to reverse the trend as the price of Brent crude as so far price decreased nearly by 4%. The price of West Texas Intermediate (WTI) …
Exxon Mobil’s profit declined due to the oil prices Read More »
The Energy Information Administration or EIA reported a buildup in crude oil inventories in the United States yesterday. The news sent WTI crude and Brent oil prices up in today’s trading sessions. West Texas Intermediate recovered 0.22% or 0.12 points this Thursday’s trading session. WTI crude barrels now trade for $55.18, edging higher from its …
The American Petroleum Institute, earlier today reported a buildup of about 1.7 million barrels in US crude. Both Brent and WTI crude oil fell despite the buildup shown in the oil inventory report. According to the American Petroleum Institute or API, US crude inventories built up by 592,000 barrels. The data recorded was for the …
There are numerous commodities in the world, and what they have in common is that it is very hard to imagine modern society without them. Commodities such as oil, natural gas, gold, and other precious metals are only a small part of the long list. People all over the world have at least some knowledge …
The Islamic Republic of Iran came to existence 40 years ago after the revolution, which ended the rule of Mohammad Reza Pahlavi. From the beginning, relations with the U.S. were quite tense. The hostage crisis which started in 1979 and ended in 1981 created even bigger animosity between the countries. The situation is also far …
Oil petroleum futures declined the early Monday trade after negative data from the profits from Chinese industrial companies. Traders first expected crude prices to pick up its pace against positive trade war developments. Chinese industrial companies’ profits fell for the second consecutive month in September according to the latest reports. The country’s producer prices also …
Oil Petroleum Prices Slide Against Chinese Data | Wibest Read More »
The country with the largest proven oil reserves in the world is trying to deal with economic issues. This may sound like something unusual, but that is the current situation in Venezuela. It has vast oil reserves, but due to the mismanagement, the vast majority of its population lives in poverty. The economic situation was …
The oil and petroleum products play very important as it is tough to imagine the modern world without it. The demand for renewable energy resources such as solar and wind is growing as more countries and companies are investing in this industry. However, let’s not forget that the vast majority of the cars in the …
Oil petroleum prices fall this Tuesday’s trading against good signs from the Sino-US trade war. News from the two biggest oil importers and demand concerns continue to dent oil prices. Crude prices began trading higher after the United States president said that Beijing began purchasing US farm goods. US President Donald Trump announced that during …
Oil Petroleum Prices Edges Lower Against Positive News Read More »
Positive US-China trade chatter opened higher US Futures on Monday. China claimed both countries made “substantial progress” over the weekend. Dow went up 45 points or 0.2%, the S&P 500 upped 13 points or 0.5%, and the Nasdaq composite leaped 49 points or 0.6%. Boeing dragged on the Dow, as the company fell 5% after …
US Futures Pump up at Trade Progress | Wibest Broker Read More »
Shell oil or Royal Dutch Shell PLC issued its take on what effects switching fuels have on engines ahead of the IMO 2020. On its official website, Shell Marine White Paper offered its consumers a guideline on the importance of cylinder oil and engine health. The company, Shell oil, said that its publication serves as …
Shell Oil Warns Consumers Before IMO 2020 | Wibest Read More »
Petroleum and oil prices went tumbling down in today’s trading after a huge buildup in US crude stockpiles. The American Petroleum Institute or API reported earlier this Thursday the sharp rise in crude stocks. Following that news, WTI crude or West Texas Intermediate oil dropped 1.03% or 0.55 points in Thursday’s trading. A barrel of …
Petroleum and Oil Prices Fall Against Stockpiles Buildup Read More »
Shell oil company CEO Ben van Beurden appeared in front of the media to express the concern of the firm. The company, Royal Dutch Shell, sees plentiful opportunities to continue business from petroleum and gas in the years to come. The statement came even after investors and government officials increased pressure on energy firms as …
Petroleum and oil prices have died down in today’s trading as traders remained skeptical about the partial trade deal. Prices have rallied again last week following the attack on the Iranian tanker ship on the coast of Jeddah. The market appears to have calmed down a few days after the incident and have focused on …
Petroleum and Oil Prices Drop as Trade War Progresses Read More »
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