Last Friday, oil prices remained largely stable due to the support of the European economic recovery. However, India expressed concern about a record surge in the number of coronavirus infections. At 1335 GMT, Brent crude oil fell 2 cents, or less than 0.1%, to $65.38 per barrel, while the U.S. West Texas Intermediate crude oil …
Oil Prices Keep Stable with European Recovery Support Read More »
Crude oil is not a light political issue; otherwise, it would’ve been solved a long time ago. The main thing here is the realization that we are transitioning rapidly from fossil fuels to low-carbon electricity and renewables. This progress is excellent for our planet. Still, politics and big companies don’t like it. What’s also debatable …
Political Problems with Crude Oil: Crude Oil Geopolitics Read More »
OPEC + is considering maintaining its oil production cuts in April. Given the still-fragile recovery in global demand, three OPEC+ sources revealed to Reuters on Wednesday. Oil futures are up more than 2%, driven by this possible surprise, as an increase in production of 500,000 barrels was expected. OPEC and its allies, led by Russia, …
Oil Rises More Than 2% Amid Possible Maintenance of OPEC+ Cuts Read More »
In October 2020, crude oil buyers in Europe started negotiations for this year’s term contracts for Saudi and Iraqi crude with a new set of concerns over official formula prices, availability, and allocation. The Organization of the Petroleum Exporting Countries (OPEC) supplies reliability. The two biggest producers combined with a lack of sour crude alternatives …
Crude Oil Buyers in Europe: Who Are They and What is the Current Problem? Read More »
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