07 Jan 2025
In the US, the world’s largest economy, new orders for manufactured goods decreased in November, and business investment in equipment appeared to slow in the fourth quarter, signalling potential weaknesses in the industrial sector.
07 Jan 2025
06 Jan 2025
The upward momentum was fuelled by forecasts of lower temperatures in key markets, which amplified demand for heating oil, offering short-term price support. Additionally, geopolitical concerns over tightening sanctions prompted buyers to realign supply chains
06 Jan 2025
03 Jan 2025
03 Jan 2025
Crude oil inventories now stand at 415.6 million barrels, approximately 5% below the five-year average for this time of year. Meanwhile, refinery utilization edged higher, with operating rates reaching 92.7%, up from 92.5% the previous week.
03 Jan 2025
