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Oil prices
Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge
Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.
Oil Price
Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …
Crude Oil
Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
Crude Oil
Opec+ to Convene Amid Robust Recovery in Global Oil Prices
The group could raise output by 500,000 to 700,000 bpd
Crude Oil
OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3
Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent…
Oil Price
Oil Prices Fall on Strong US Dollar and Supply Concerns
Brent and WTI are on track for gains of about 20% this month
Crude Oil
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
Oil & Gas Trade
Iraq Freezes Crude Prepayment Deal with China’s Zhenhua
Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Is…
Oil Price
Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze
Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a…
Crude Oil
Oil Drops as Investors Gauge Big Chill Impact on US Refineries
US West Texas Intermediate crude fell 2% to $59.3 a barrel on Friday.
Crude Oil
Oil Prices Jump Above $61 On Major Crude Draw
Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week t…
Crude Oil
Saudi Arabia Raises Oil Prices To U.S. And Europe
The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leav…
OPEC
Oil Prices Rally As OPEC+ Maintains Its Production Policy
The Joint Ministerial Monitoring Committee of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make…
Oil & Gas Trade
IMF Sees Oil Prices Averaging $50 In 2021
Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019
Oil Price
Covid-19 will Speed up Global Energy Transition and Dampen Oil Prices
All forms of energy needed' to meet 45% rise in energy demand by 2045.
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