Adnoc, the Abu Dhabi state crude oil company, Adu Dhabi Investment Holding, and Mubadala Investment Co., two state investment funds, have teamed up in an Abu Dhabi Hydrogen Alliance to develop hydrogen production and export capabilities, joining a growing number of businesses betting on hydrogen, Argus reports citing Emirati media.
The West Texas Intermediate Crude Oil market has initially rally during the trading session on Monday but has given back the gains as we got close to the $50 level. The $50 level of course is a psychological barrier, so it tends to attract a lot of attention.
The direction of the U.S. West Texas Intermediate and international-benchmark crude oil futures market this week is likely to be determined by trader reaction to the OPEC+ meeting on January 4 that will decide new production levels.
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yes keep eyes on [email protected] if stya blw more panic will create 89.60-89 —or if no cross 90 or take u turn than up side 91.20-92 than after more fire work will be start…………………….. think …
U.S. West Texas Intermediate crude oil finished higher on Wednesday after a government report showed U.S. crude oil and refined product inventories fell sharply last week due to a notable drop in crude imports.
U.S. West Texas Intermediate and Brent crude oil futures finished mixed last week as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Meanwhile, the International Energy Agency (IEA) raised its 2020 oil demand forecast, but also warned that the spread of COVID-19 posed a risk to the outlook.
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UPDATE :- today crude oil inventories at 8:00 pm previous -23M forcast also -23M after inventry may be little bit movement we can see
WTI CRUDE :Above $ 30.54 if closes for 3 consecutive days then ?????BLAST BLAST ….any sharp panic will buy !! – Anirudh Sethi Report