Crude oil futures lost over 10% in 2023
Crude oil futures lost over 10% in 2023
After a 4.8% reduction, it’s close to the prices in January 2023
Crude prices have fallen approximately 35 per cent from previous highs
Fuel prices have reduced by 13-14 fils per litre, compared to the rates of December 2023
Here's how much it will cost to tank up your car this month
Globally, Brent price averaged $77.34 in December 2023, which is lower than November rates
Growing prospect of rate cuts in Europe and the US likely to boost demand
Dubai energy company embarks on ambitious expansion plan
Oil rose 3% last week
Surge in oil demand stokes acquirers’ enthusiasm