25 Dec 2023
International benchmarks for crude oil settled the final trading day of the week slightly lower than the previous day on expectations that Angola would gradually ramp up oil production outputs following the split from OPEC+.
The 2405 for May 2024 delivery contract on Dalian Commodity Exchange on 25 December 2023 settled as follows:
22 Dec 2023
Refineries in the country processed an average of 16.5 million barrels per day, marking a weekly increase of 403 thousand barrels, and operated at 92.4% of their capacity.
The 2405 for May 2024 delivery contract on Dalian Commodity Exchange on 22 December 2023 settled as follows:
Earlier in the day, both Brent and WTI crude oil benchmarks experienced a sharp decline of over $1 in response to Angola's intention to exit the influential producer group.
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