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Tag: Oil Prices

Oil rises sharply ahead of OPEC+ meeting

World oil prices rose by 2.5% on Monday morning, as investors focus on reports of the prospects for a significant reduction in OPEC + production…

Oil Supermajors Continue to Hold Back on Investment

Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new report from Fitch Solutions Country Risk & Industry Research…

Oil prices extend gains after EU bans most Russia oil imports

Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for…

Oil rises on Russia gas tension, China stimulus hopes

Oil prices extended gains in early Asian trade on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Poland, while hopes of Chinese…

High Prices Make Oil And Gas Much More Appealing To Big Banks

Banks have been actively seeking ways to distance themselves from the oil and gas industry in recent years under growing pressure from pro-energy transition activists….

Oil jumps as Russia-Ukraine talks stall

Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia…

Oil steadies amid supply doubts, but heads for sharp weekly decline

Oil prices stabilised on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian…

Oil rises as market weighs OPEC filling Russia supply gap

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help…

Oil prices rise on supply fears

Global oil prices on March 9 morning rose by 2% due to concerns about disruptions in supplies from Russia to the market, Report informs referring to the auction data….

Oil prices rise slightly ahead of OPEC+ meeting

Global oil prices on January 28 morning rose slightly after falling on January 27. Investors continue to expect an OPEC+ meeting, Report informs. The price of April…

Oil Rides Into 2022 on Bullish Wave

Oil has started off 2022 with a bang A market that was supposed to suffer a ballooning surplus instead surpassed $80 a barrel last week as…

Oil falling in price on investors’ fears for demand

Global oil prices fell on December 10 morning on investors’ fears for demand due to COVID restrictions in some countries, according to trading data, Report informs citing…

Oil prices continue falling

Global oil prices on October 27 afternoon accelerated the rate of decline to an average of 1.5% on expectations of an increase in weekly stocks…

Brent oil price exceeds $82

The price of a barrel of Brent oil on the world market exceeded $82 for the first time since October 2018, Report informs via foreign media. The Brent price…

Brent exceeds $79 for first time since 2018

Global oil prices rose more than 1 percent on September 27 morning, with the price of November futures for Brent exceeding $79 for the first time since 2018, thanks…

Oil prices rise supported by weak dollar

Oil prices on Aug. 27 morning continue to rise supported by a weak dollar, according to trading data, Report informs referring to Prime agency. During this trading…

Oil prices down after three days of growth

Global oil prices decline on Friday morning after three days of growing trading sessions, owing to which the quotations gradually compensated for the drop earlier…

Oil prices rise in anticipation of OPEC+ meeting

Global oil prices are rising slightly July 1 morning ahead of the OPEC+ meeting, according to trading data, Report informs referring to Prime agency. As of 8:48…

Will OPEC+ Meeting Outcome Cut Oil Price by $10?

The OPEC+ alliance of major oil producers is scheduled to meet virtually Thursday of this week, and oil market-watchers have been pondering what the group…

Oil falling in price on production growth in US

Global oil prices are falling on June 10 morning due to the increase in the production and oil reserves in the US, WTI is already…

Saudi Arabia to increase prices for most grades of oil

Saudi Arabia will raise prices for most types of oil for Asian buyers in July, state-owned Saudi Aramco said. Report informs that the price of the…

Oil prices rising in anticipation of OPEC meeting

Global oil prices are rising on May 31 morning in anticipation of the OPEC meeting, according to trading data, Report informs referring to Prime agency. As of…

Oil Slides Amid Uneven Consumption Recovery

Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand. Global benchmark Brent has struggled for momentum after failing to…

Oil prices rise amid expectations for OPEC+

World oil prices are rising on Tuesday morning amid the expectations for OPEC+ after the news that only a meeting of the monitoring committee is…

Oil surplus accumulated during pandemic down by 80%

The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers, Report informs referring…

Saudis cutting US oil prices, raising rates for Asian buyers

Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery, according…

Oil prices falling after recent hike

Oil prices fell on April 2 after the rise in anticipation of the OPEC+ decision to increase production from May, which was perceived by the…

Oil Prices Fall as Greenback Bulks Up

Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi…

Again, Like One Year Ago, Saudi Arabia, Russia Disagree on Quotas

Saudi Arabia contacted a number of OPEC+ countries on February 21 about the parameters of the deal in April As RIA Novosti was told by a source…

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…

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