01 Nov 2024
Oil prices rose modestly following indications that Iran was preparing for a potential attack on Israel, which could have impacted oil supplies from the region. A decrease in US inventories contributed to upward price pressure.
01 Nov 2024
01 Nov 2024
On October 29, 2024, the Vietnamese government announced that Saudi Aramco, the world’s largest oil and gas company, is actively exploring investment opportunities in Vietnam’s oil refinery and petroleum distribution sectors.
01 Nov 2024
31 Oct 2024
Looking ahead, the oil market is poised for volatility with two key events next week: the US presidential election, which could reshape economic policy, and a high-level meeting in China where stimulus measures may be on the agenda.
31 Oct 2024
Looking forward, a potential rate rebound may take shape earlier than usual in preparation for the Lunar New Year holiday, which begins in late January 2025. Shippers are likely to increase orders in advance to accommodate longer transit times and align with anticipated seasonal volume increases.
31 Oct 2024
Industry sources indicate that this drop reflects stronger-than-expected demand alongside a tighter supply environment. Analysts suggest that if these drawdowns continue, oil prices could see an upward push in the coming weeks.
