China
OPEC+ ready to move forward with scheduled output increase in May
Aramco's investments in China are currently in Fujian, Liaoning, Zhejiang and Tianjin
In February, China's finance ministry released a framework for sovereign green bonds, paving the way for offshore issuances
Downward trends followed Beijing's decision to maintain the five-year and one-year loan prime rates at 3.6 percent
U.S. oil demand remained strong as distillate inventories fell more than expected by 2.8 million barrels
The Fed is expected to maintain interest rates at 4.5 percent amidst economic uncertainty
The agreement was the result of six months of negotiations and aims to enhance cooperation at all levels
West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel
The upgrade is backed by better governance and stronger institutions, enhancing domestic capital markets' depth
West Texas Intermediate (WTI) crude futures jumped 1.8 percent to $68.09 per barrel
Expectations of lower Russian oil supply in the near term provided some support to oil prices
