World Oil Prices Soar, Pertamina Guarantees Stable Fuel Prices – 2024-04-19 12:04:34

The atmosphere of a gas station in Central Java. (MI/Supardji Rasban) Main DIRECTOR of PT Pertamina Patra Niaga Riva Siahaan emphasized that his party maintains fuel oil (BBM) prices remain stable amidst the strengthening world crude oil prices following Iran’s attack on Israel. These tensions pushed the price of Brent crude oil futures to trade … Read more

Oil Prices Drop on Hopes of De-Escalation Post-Iran Attack – 2024-04-18 10:07:48

Illustration – World oil prices fell as traders bet on de-escalation in the Middle East despite Iran’s attack on Israel.(AFP) World oil prices fell Monday, as traders bet on a de-escalation in the Middle East, despite attacks on Israel by key oil producer Iran. Brent fell 0.4% while WTI prices lost 0.3%, while global stock … Read more

Global oil prices drop on Gaza ceasefire prospects – Business & Economy

A drop in oil prices has been recorded in the world market on the prospect of a cease-fire in Gaza. According to US government data, crude oil and fuel stockpiles rose more than expected due to weaker demand and lower oil exports. U.S. crude oil inventories rose by 5.8 million barrels in the week ended … Read more

Red Sea Conflict Causes Shipping Route Disruptions: Impact on Global Trade and Economy

2023-12-20 13:13:52 According to foreign media reports on Wednesday (20th), as the United States considers how to respond to the latest threat to the global economy, more than 100 container ships are sailing long-distance routes around Africa to avoid violent conflicts in the Red Sea, but the move has caused additional transportation Cost and delivery … Read more

Global Oil Market Analysis: Impact of Houthi Attacks, Russian Export Cuts, and Dollar Weakening on WTI and Brent Crude Oil Prices

2023-12-19 22:07:00 West Texas Crude Oil Contract (WTI) for delivery in January. which was traded on the Nymex exchange, added 97 cents, or 1.34%, to close at $73.44/barrel. As for the Brent crude oil contract February delivery rose 1.28 dollars or 1.64% to close at 79.23 dollars/barrel. WTI oil prices were supported by expectations that … Read more

OPEC COP28 Event: Convincing Young People to Support Fossil Fuels

2023-12-10 17:32:37 COP28: Oil producer group OPEC held an event on the sidelines of COP28 negotiations in Dubai on Sunday, aimed at convincing young people to support fossil fuels, the future of which has caused deep divisions among delegates at the summit on climate. Dubbed “Special Day – OPEC and Youth,” the event included a … Read more

Crypto Market News Weekly: Bitcoin Hits $39,000, Binance Changes, and Powell’s Influence

2023-12-01 20:34:28 This week, the bitcoin exchange rate has already reached the level of 39,000 dollars. However, in the last seven days, the market actually calmed down without any major developments. The total value of the market already exceeds 1,500 billion dollars. And most of the gains came from Bitcoin, which tested the $39,000 level … Read more