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

England set to eliminate hepatitis C

Hepatitis C is spread through contact with blood infected with the virus, such as by…

1 hour ago

New weight loss pill approved for use in UK

A daily weight-loss pill made by the drug firm behind the Mounjaro jab has been…

10 hours ago

Benjamin Netanyahu’s rejection of Trump’s 15-point Gaza plan unlikely to be final word

In July, after months of delicate negotiations, Trump announced a "major milestone" in the implementation…

10 hours ago

Lebanon: UN peacekeepers count hundreds of Israeli strikes and incursions in a single weekend

UNIFIL said Saturday alone accounted for 229 of those projectiles, the highest single-day total since…

13 hours ago

DR Congo: Ebola is killing people before they ever reach a doctor

“The Bundibugyo virus continues to outpace us,” said Dr. Mohamed Janabi, WHO Regional Director for…

13 hours ago

Afghanistan: UN tells Taliban to open up on abuses committed by security forces

Key pointsThe Taliban have taken steps to promote discipline and oversight according to a new report by…

13 hours ago