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Tag: Oil Prices

Oil Prices Finish Higher on US Draw and OPEC+ Signs

Oil jumped the most in a week after a surprise decline in U.S. crude inventories and signals that OPEC+ made progress toward a widely anticipated…

Infographic: Oil majors rethink upstream spending amid face-off for cheapest barrels

Global oil majors are being forced to reevaluate the resilience and cost of new oil and gas projects to accommodate weaker demand outlooks and lower…

Advance Toward $50 Oil Could Be Tricky for OPEC+

With OPEC+ just days from meeting, those countries who favor ratcheting up oil production may be finding some support for their arguments from surging prices…

SOCAR: Azerbaijani Oil Cost $ 43.2 on Average in January-September

The average price of Azerbaijani light oil of the Azeri Light brand on the terms of CIF delivery in January-September 2020 was $ 43.2 per…

Russia Sees Oil Above $50 in 2021

Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minster…

The Effects of a 2nd Covid Wave on Oil

Oil demand in 2020 could lose an additional 2.5 million barrels per day (MMbpd) in a second Covid-19 wave scenario, according to Rystad Energy. The…

Eni Says Pandemic is Reshaping Oil Industry

Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry….

Saudis hike oil prices to key markets on rising energy demand

DUBAI (Bloomberg) – Saudi Arabia raised pricing for August oil shipments to Asia, the U.S. and northern Europe amid signs that energy demand is continuing…

Brent oil passes $43/bbl on climbing equity markets, Saudi price hikes

Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed. Brent gained…

Analysts See Limited Upside To Oil Prices This Year

Oil prices are unlikely to jump too much this year despite the OPEC+ production cuts as the economic and oil demand recovery are set to…

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