Energy, Oil & Gas

Oil prices retreat from multi-year highs to $102 a barrel

Oil prices declined from an early trade of over $119 a barrel, a peak since 2022, caused by Saudi ​Arabia and other OPEC members cutting supplies due to disruptions from the expanding US-Israeli war with Iran....

Energy, Oil & Gas

Expanding strategic oil stocks in China support crude oil prices: EIA

US Energy Information Administration (EIA) estimates crude oil inventories in China increased by about 900,000 barrels per day (b/d) between January and August this year, essentially acting as a source of demand by removing barrels from the global markets....