Categories: Business

Oil Updates — Crude slips; Exxon’s Q3 profit nearly matches Apple’s


Mon, 2022-10-31 09:34

RIYADH: Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand.

Brent crude futures dropped 60 cents, or 0.63 percent, to $95.17 a barrel by 11.10 a.m Saudi time, after slipping 1.2 percent on Friday.

US West Texas Intermediate crude was at $87.32 a barrel, down 58 cents, or 0.66 percent, after settling down 1.3 percent on Friday.

Kashagan’s oil processing complex to restart in coming days

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Word, Region, and Society: The Shifting Boundaries of Asian Identities

Dr. Laxman Singh In the study of Asian sociology and anthropology, human identity is one…

4 hours ago

This Olympian curbed his unhealthy porn habit – here are the signs and steps to recovery

If you are worried about your porn use, Ince recommends seeking out support from a…

15 hours ago

Why have obesity rates doubled since 1993?

Obesity can be a risk factor for several chronic conditions including type 2 diabetes, heart…

22 hours ago

Saudi Arabia, Turkey and Pakistan sign defence agreement

Furthermore, the Saudis will be keenly aware of last year's Israeli strikes on Doha, targeting…

1 day ago

Peacock party takes pride of place in nod to decades of turbulent history

Clearly unruffled to be the centre of attention as onlookers peered at them during a…

1 day ago

‘Sudan is losing another generation’ to war, Mohammed warns

Amina Mohammed was speaking to Security Council members during an informal meeting on safeguarding education in Sudan, organised under…

1 day ago