Mar 23, 2025 6:10 a.m.
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economy

Oil fell more than 2% on higher US stockpiles and concerns over US tariffs
06 Mar 2025 Data from the US Energy Information Administration (EIA) showed crude stockpiles rising by 3.6 million barrels to 433.8 million barrels last week, far outpacing analysts’ expectations of a 341,000-barrel increase.
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06 Mar 2025

economy

EIA: US crude oil inventories rose unexpectedly amid ongoing refinery maintenance

According to data from the US Energy Information Administration (EIA), US commercial crude oil inventories rose by 3.6 million barrels to 433.8 million barrels for the week ending 28 February 2025.
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05 Mar 2025

economy

Oil extended losses amid deepening trade tensions and bearish demand expectations

The move triggered swift retaliation from China, which raised tariffs by 10–15% on select US agricultural and food products. This triggered fears over potentially slower global economic activity and curbed energy demand.
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05 Mar 2025

economy

Media: China urges refineries to shift focus to petrochemical amid falling fuel demand

Market participants are closely monitoring the policy shift’s impact, particularly its execution across the industry. With state-owned refiners dominating the market, widespread compliance is expected.
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05 Mar 2025

economy

Dalian Commodity Exchange: 05 March 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 05 March 2025 settled as follows:
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04 Mar 2025

economy

Oil plunged to a three-month low on rising supply prospects and fragile demand

Oil prices tumbled to a three-month low on Monday, 3 March 2025, as concerns over mounting supply and global economic uncertainty weighed on market sentiment. Market fears centred on OPEC+’s latest decision surrounding an output hike
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04 Mar 2025

economy

Dalian Commodity Exchange: 04 March 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 04 March 2025 settled as follows:
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04 Mar 2025

economy

ADNOC and OMV agree to $60 billion merger, creating a global polyolefin powerhouse

The merger is expected to generate operational synergies, with cost savings projected at $500 million annually. Additionally, the new entity will serve as a platform for further acquisitions in the polyolefins sector, reinforcing ADNOC and OMV’s market presence.
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