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WTI crude oil prices turned lower during the day, last quoted at $98.25 per barrel.

2026-03-23

WTI crude oil prices turned lower during the day, last quoted at $98.25 per barrel.

Other News
2026-03-23

China Petroleum & Chemical Corp. set a flexible 2026 capex target of 131.6–148.6 billion yuan, down from 164.3 billion yuan, implying a potential cut of up to 20% after reporting a 34% drop in 2025 net income. The reduction will mainly hit chemicals.

China Petroleum & Chemical Corp. set a flexible 2026 capex target of 131.6–148.6 billion yuan, down from 164.3 billion yuan, implying a potential cut of up to 20% after reporting a 34% drop in 2025 net income. The reduction will mainly hit chemicals. The refiner cited weak fuel demand, petrochemical oversupply and Middle East-driven cost pressures, while keeping output broadly stable and trimming sales targets.
2026-03-23

ECB Vice President Guindos: The ECB cannot stop the surge in inflation triggered by the war, but it must take action if a second wave of effects occurs.

ECB Vice President Guindos: The ECB cannot stop the surge in inflation triggered by the war, but it must take action if a second wave of effects occurs.
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