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Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
Rubber and plastic product exports in February fueled the rise in non-oil shipments
EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
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
