Crude-Oil prices surges on China COVID-Ease, Fed Pivot talk
Sensing that it was probably overreacting with COVID lockdowns while the rest of the world had moved on with the pandemic, top crude-oil importer China said Tuesday that it was…
BP beats estimates to post bumper profit of $8.2 billions
Due to high commodity prices and active gas marketing and trading, oil and gas major BP on Tuesday posted third-quarter profits that were greater than anticipated. The British energy giant…
Crude oil prices falls as US increases reserves
Oil prices dipped on Wednesday as industry data revealed that US oil reserves climbed more than expected, but supply concerns capped losses. Brent crude futures for December slid $1.03, or…
Crude Oil prices remains stable as recession fears offset upbeat Chinese indications
Crude oil prices stayed unchanged on Monday, as concerns that soaring inflation and energy expenses pushed the global economy into recession were offset by China’s sustained loose monetary policy. Brent…
OPEC+ agrees to largest cut in oil production despite U.S. pressure
At a meeting in Vienna on Wednesday, OPEC+ agreed to the largest cuts in crude oil output since the 2020 COVID pandemic, limiting supply in an already tight market despite…
Crude oil prices surges on Tuesday expecting production cut by OPEC+
Crude oil prices increased on Tuesday, as hopes that OPEC+ will agree to a significant cut in petroleum supply on Wednesday countered concerns about the global economy. Brent crude was…
Crude Oil prices jumps as OPEC+ considers lowering production
When the OPEC+ coalition meets this week, it is expected to propose cutting production by more than 1 million barrels per day in order to restore plummeting prices. A drop…
India enters into crude oil supply agreement with Petrobras
In a landmark event to diversify crude oil sourcing for energy security in India, Bharat Petroleum Corporation Limited (BPCL), a “Maharatna” and Fortune Global 500 company, signed a Memorandum of…
Crude oil and gold prices increases
On Wednesday, global crude oil prices increased by more than 1% due to continued supply concerns. Analysts, on the other hand, indicated that expectations of a rate hike by the…
Crude Oil demand-prices analysis
WTI Crude oil futures concluded the previous week 2.34% down at $84.76 per barrel as demand concerns resurfaced. A strong dollar also pushed down energy prices by making commodities more…