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Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
JX Energy Ltd. Board to Discuss Interim Dividends
jx energy (03395.HK) held a board of directors meeting on August 14th to approve mid-term performance.
Jx energy (03395.HK) announced that the board of directors meeting will be held in Calgary, Canada on Wednesday, August 14, 2024 at 7 am (or Wednesday, August 14, 2024, at 9 pm Hong Kong time) to approve the company's interim performance for the six months ended June 30, 2024, and its publication, and to consider recommending the payment of interim dividends (if any).
JX ENERGY: DATE OF BOARD MEETING
Oil: Recent Price Action Is Associated With Global Macro Flows – TDS
The Biden administration is seeking additional funds to bolster the petroleum reserves. The energy department only has 1.2 billion US dollars left in its account to purchase crude oil products.
The US Department of Energy has been slowly replenishing its global strategy petroleum reserves, which have decreased to an unprecedented low since the Russia-Ukraine conflict, reaching the lowest level in forty years.
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