Oil prices soared as strong US economic growth sparked optimism for increased demand, while ongoing supply worries driven by geopolitical tensions and production cuts kept the markets on edge, Reuters reports
Browsing: oil demand
Oil prices soared as a sharp decline in U.S. crude inventories ignited fresh market optimism, outshining concerns over new tariffs imposed by India. Traders are navigating a delicate balance between shrinking supply and escalating geopolitical tensions
Discounts on Iranian crude oil have deepened in China as independent refiners, known as teapots, pull back from buying amid mounting financial pressures and tighter regulations, sources told Reuters-revealing a slowdown in demand in this vital market