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Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
The IMF expects growth to strengthen by 4.2 percent in 2025
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Since its inception, IFAD has facilitated the trading of nearly 6 billion barrels of Murban crude oil
The initiative aligns with the corporation's vision to leverage innovation and technology for maximum profitability
Brent futures rose by $2.63, reaching $89.74 per barrel
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Brent oil futures fell 0.1 percent to $89.89 per barrel
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
The contract includes a mandatory and optional extension period of up to 18 months
Brent crude futures for June delivery fell 23 cents, or 0.2 percent, to $90.22 per barrel
Sustained oil output, growing non-oil investments key to healthy economy
Index reveals 2.1 percent annual increase in manufacturing activity
Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel
Investors await consumer price index data from U.S. and China later this week
The rise in prices is fueled by geopolitical tension and supply concerns
Mixed U.S. inventories impact crude oil gains, production offset by fuel demand
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint
China and U.S. demand boost prices amid Middle East conflict
Oil production cuts to keep economic growth low at about 1.4 percent in 2024
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months
