Crude Oil

US oil prices finally exceeded $ 40

Oil Prices Keep Stable with European Recovery Support

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 …

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political problems with crude oil

Political Problems with Crude Oil: Crude Oil Geopolitics

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 …

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Oil pipeline against the sunset

Oil Rises More Than 2% Amid Possible Maintenance of OPEC+ Cuts

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, …

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Analysts say the oil prices could drop to negative $100 a barrel

Crude Oil Buyers in Europe: Who Are They and What is the Current Problem?

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 …

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