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Category: Industry

Oil prices record an increase upon settlement

Oil prices rose at settlement at the end of today’s trading, following the announcement of a decline in crude oil and gasoline inventories in the United States last week.

Brent crude futures rose by 42 cents, or 0.5 %, to reach $85.08 per barrel upon…

5th Japan-Arab Economic Forum Kicks off in Tokyo

The fifth session of the Japan-Arab Economic Forum launched on Wednesday in Tokyo, Japan. The two-day forum, organized by the General Secretariat of the League of Arab States and Japan’s Ministries of Foreign Affairs, and Economy, Trade and Industry, …

OPEC confirms oil demand growth expectations in 2024 and 2025

The Organization of the Petroleum Exporting Countries (OPEC) maintained its expectations for relatively strong growth in global oil demand in 2024 and 2025, noting that flexible economic growth and strong air travel will support the use of fuel in the…

OPEC Sticks to Strong Oil Demand Growth Forecasts in 2024, 2025

The Organization of the Petroleum Exporting Countries (OPEC) has stuck to its forecast for relatively robust growth in global oil demand in 2024 and 2025, citing resilient economic growth and strong rebound in air travel in the summer months.

In its …

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