OPEC+ agrees on not changing oil policy and production
At a meeting on Sunday, OPEC+ agreed to stick to its oil output targets as the oil markets struggle to estimate the impact of a slowing Chinese economy on demand…
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…
Saudi Arabia detains US citizen for 16 years over tweets
The United States said on Tuesday that it was discussing with Saudi Arabia a prison sentence imposed on a US citizen over tweets critical of the country, further escalating tensions…
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…
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…
Crude Oil prices edges up on Tuesday
Crude oil prices rose early Tuesday, extending gains from the previous session, as investors worried about a lack of supplies ahead of the Northern Hemisphere’s winter heating season. By 0006…
Crude Oil price updates
After a small recovery the day before, crude oil prices declined in early trade on Friday, putting them on pace to decline for a second consecutive week due to concerns…