By Christian Moess Laursen Saudi Arabia s national oil company first-quarter profit fell and missed analysts forecasts due to a lower volume of crude oil sold and weaker refining and.
Saudi Aramco Net Income Falls on Declining Crude Oil Volumes — Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Oil prices rose slightly as Saudi Arabia increased its June crude prices for key regions and the possibility of a Gaza ceasefire diminished, raising concerns about the Israel-Hamas conflict impacting the oil-producing region. Brent crude futures rose to $83.24 a barrel, and U.S. West Texas Intermediate crude futures reached $78.40 a barrel. Saudi Arabia s move to raise prices suggests strong demand expectations for the summer. Despite easing geopolitical tensions, last week saw the largest weekly decline in oil prices in three months due to weak U.S. jobs data and Fed rate cut speculation.
Oil futures edged up on
Monday after Saudi Arabia hiked June crude prices for most
regions and as the prospect of a Gaza ceasefire deal appeared
slim, renewing fears the Israel-Hamas conflict could.
Oil Nudges Higher After Saudi Arabia Hikes Prices usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.