Several Opec Plus countries have announced on Monday their unforeseen decision to cut their oil production, causing …
OPEC
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OPEC: Chinese demand to be 500-600k barrels/day
by Sama Mousaby Sama MousaOPEC Secretary General, Haitham Al-Ghais, said on Tuesday the Chinese demand of oil will increase to 500 …
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Goldman Sachs lowers its forecast for Brent’s price to $90 per barrel
Banking firm, Goldman Sachs, lowered its predictions for brent oil prices in 2023’s second quarter to be …
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India’s Russian oil imports at record high in January
by Nada Aliby Nada AliIndia’s Russian oil imports jumped to record 1.4 million barrels per day (bpd) in January, up 9.2 …
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Biden to release 15 million barrels of oil from strategic petroleum reserve ahead of midterms
by Nada Aliby Nada AliU.S. President Joe Biden’s administration plans to announce later on Wednesday that he will release 15 million …
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Oil prices stable on prospect of balancing supply after steep selloff
Oil stabled in early Asian trade on Tuesday.
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Brent crude drops below $85 a barrel as dollar surges
Brent crude dropped below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.
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Oil increases over 3% on supply threats
Oil prices increased over 3 percent on Friday supported by real and threatened cuts to supply.
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OPEC+ agrees to cut output as 100,000 bpd
OPEC+ agreed to cut oil production about 100,000 barrels a day for the first time in over …
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Oil prices skyrocket more than $2 ahead of OPEC+ meeting
Oil prices increased over $2 a barrel on Monday, extending gains as investors eyed possible moves by …