Categories: Business

Oil Updates — Crude steady; Chevron raises 2023 project spending budget to $17bn


Thu, 2022-12-08 09:13

RIYADH: Oil prices steadied in early Asian trade on Thursday after sinking to their lowest level this year as US production and gasoline inventories ticked up at the same time concerns grew that economic slowdowns would weaken fuel demand.

Brent crude futures were up 67 cents or 0.87 percent at $77.84 per barrel by 08.10 a.m. Saudi time, while US West Texas Intermediate crude futures gained 73 cents or 1.01 percent to $72.74 per barrel.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

India’s Coaching Industry Faces Growing Scrutiny as Exam Leaks Deepen Pressure on Students

For millions of Indian families, becoming a doctor, engineer or lawyer remains one of the…

3 hours ago

Israel reopens evacuated West Bank settlement, defying growing international protests

Samer is partially blind and has a leg injury that makes moving difficult."Fear dominates everything.…

9 hours ago

Wellness habits you can start today – at no (or little) cost

The cost of studio memberships can be pretty high, so people are increasingly organising their…

13 hours ago

US says sanctions will ‘squash’ Iran’s economy and ‘collapse’ its regime

The Iranian economy has long been struggling under the weight of decades of international sanctions,…

18 hours ago

UK, France, Germany, Italy and Canada condemn Israel’s West Bank settlement project

Despite an Israeli court challenge to the plans by Bedouin Palestinians living in the area…

19 hours ago

North Korea launches 10 ballistic missiles as US-South Korea drills near end

South Korea’s presidential office condemned North Korea’s launch of more than 10 short-range ballistic missiles…

22 hours ago