Oil
The country is taking steps to align fuel prices with international markets
Declining gasoline supply in the U.S. indicates potential slowdown in crude demand
The expectation of limited supplies continued to support crude prices
Fed, PMIs awaited for more economic cues
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
The rating reflects minimal default risk, strong ability to meet financial obligations
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says
Surprise decline in U.S. crude stockpiles supports prices
The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
