Analysts said that OPEC+ would hold a meeting with Russia and other allies on Thursday. It is expected OPEC to grasp world oil prices than they have in years. OPEC+, an oil producer and its allied organization, is expected to increase 500,000 to 1 million barrels of oil per day. Still, analysts said that there are rumors …
OPEC+ Might Not Increase Oil Production as It Is Expected Read More »
OPEC and non-OPEC oil-producing countries coalition have cut production in the economic recession caused by COVID since last year. Its efforts have almost quadrupled crude oil prices in more than a year. In addition, the sharp increase in demand for oil in economies that have reopened in recent months has also pushed the prices. The OPEC+ alliance …
OPEC Worries at Surging Oil Prices, Rising from Oversupply Read More »
Oil prices soared on Monday, supported by solid demand during the summer driving season. Besides, the suspension of negotiations to restart the Iran nuclear deal also had influence. As of 0622 GMT, Brent crude oil in August rose 23 cents, or 0.3%, to US$73.74 per barrel. The price of West Texas Intermediate crude oil in …
Iran Nuclear Deal Talks Delayed, Causing Oil Prices to Rise Read More »
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 »
The commodities market and commodity derivative contracts have been developing regularly for 25 years. They allow investors to diversify their assets. Also, these contracts are today available to retail investors thanks to many brokerage platforms. For the rest of the commodity derivatives contracts, their execution takes place on the stock exchanges. The demographic growth and …
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 »
Oil prices erased their initial gains on Thursday after Brent hit a new 13-month high. Fears that a rare, extreme cold in Texas could disrupt US crude production for days or even weeks caused this. Brent oil was trading 0.3% higher at $64.55 a barrel after rising earlier in the day to $65.52 a barrel, …
Brent oil cuts profits after exceeding $65 while gold recovers Read More »
According to the latest news, crude oil futures increased to Rs 3,989 per barrel as participants boosted their long position. Significantly, crude oil prices rose on risk-on sentiment on the equity markets and expectations that Saudi Arabia-led OPEC+ would curb production in Q1. Furthermore, the snowstorm in U.S. Northeast supported crude oil. Snowstorm boosted winter …
WTI and Brent Crude Oil Rose 1.83% and 1.79%, Respectively Read More »
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