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Oil prices have risen to multi-year highs after OPEC and other significant producers decided not to increase output further than initially agreed. On the other hand, the natural gas trajectory
China ordered miners in Inner Mongolia to increase coal output. Oil prices rose on Friday as a record rise in the cost of gas rekindled demand for the most polluting
OPEC+’s decision on Monday to remain with a plan to gradually increase oil output, despite prices leaping to multi-year highs, was influenced in part by concerns that demand and prices
Oil hit a multi-year high above $83 per barrel on Wednesday, bolstered by OPEC+’s refusal to ramp up production more quickly against a backdrop of global worry about oil supply.
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