Oil Futures Edge Higher Ahead of Key Data
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Oil prices end mixed as traders gauge demand prospects and OPEC+ commitment to output cuts
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Brent Oil to hover within a $80.00 to $90.00 range this year– MUFG
After a lacklustre start to the year, Oil prices are starting to come to life. Economists at MUFG Bank analyze Brent’s outlook. Oil bulls are quietly winning the narrative Oil bulls are quietly winning the narrative as prices are working their way higher, with a breakout of the $10 range that Brent crude has been
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Oil Prices May Yet End the Week on a High Note
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Mar 08, 2024, 2:34 AM CST Crude oil prices have been stuck between bearish and bullish news this week, booking a modest decline over the four days to
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The Big Question in OPEC’s Production Cut Strategy
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Mar 06, 2024, 5:00 PM CST OPEC+ decided to extend their combined production cut agreement until the end of the first quarter. Not everyone within the
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Oil prices edge higher after OPEC+ extends voluntary oil output cuts until mid-year
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices edged higher Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent gained 0.38% to $83.87 a barrel Monday, while U.S. West Texas Intermediate futures added
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Larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal account, IMF says
RIYADH: Saudi Arabia is gearing up for LEAP 2024, the world’s most-attended tech event, from March 4 to 7 at the Riyadh Exhibition and Convention Center in Malham. The pre-event gathering on Feb 28 announced this year’s theme as “Into New Worlds,” which encompasses new opportunities, technologies, and capabilities in the tech sector. The event
How the Western Hemisphere Became The Driver of Oil Production Growth
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Feb 25, 2024, 4:00 PM CST Kemp: The growth in oil production in the Western Hemisphere actually captured all the growth in global oil
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Oil prices fall after Fed governor says no rush to cut interest rates
Oil drilling rigs Oil deepened its losses on Friday, snapping two-week gains as markets are watching Gaza ceasefire talks in Paris. Brent crude for April delivery fell 2.45% to $81.62 a barrel, losing 2.2% in a week. WTI contracts for April delivery shed 2.7% to $76.49 a barrel, dropping nearly 2.5%. The US drilling rig
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The Kremlin has never been richer – thanks to a US strategic partner
CNN — Russia is entering its third year of war in Ukraine with an unprecedented amount of cash in government coffers, bolstered by a record $37 billion of crude oil sales to India last year, according to new analysis, which concludes that some of the crude was refined by India and then exported to the United States
The Kremlin has never been richer – thanks to a US strategic partner Read More »