Oil prices eased on Thursday due to concerns over weak demand in China, the world's largest crude importer. Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel. US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77.26 per barrel. Benchmarks settled higher on Wednesday, after the Energy Information Administration said US crude inventories fell by 3.7 million barrels last week. US gasoline stocks dropped by 5.6. Distillate stockpiles fell by 2.8 million barrels versus expectations for a 250,000-barrel increase, the Energy Information Administration data showed. Source: Qatar News Agency
Related Articles
Innovation Week 2024 Kicks Off
Doha: The Innovation Week 2024 kicked off Sunday under the theme of ‘Digital Creativity and Its Applications in the Fields of Electricity and Water’ at the Rixos Gulf Hotel in Doha.
The event is being organized by Qatar General Electricity and Water …
Italian Official: Qatar is a Key Hub for Business, Investment
Doha: HE Deputy Minister of Enterprises and Made in Italy Valentino Valentini has praised the significant development witnessed by Qatar and its emerging status as an important center for business and investment. He affirmed Italy’s commitment to str…
Sales of Eco-Friendly Cars in S. Korea Exceed 100,000 in Q1
Sales of eco-friendly cars surpassed 100,000 units in the first quarter in South Korea on booming demand for hybrid vehicles, industry data showed Sunday.
A total of 101,727 environmentally friendly cars made by five South Korean carmakers, including…