Today, oil prices witnessed a decline in the Friday session before the weekend and Christmas, amid expectations that Angola will increase production after its withdrawal from OPEC Plus due to its differences with the Kingdom of Saudi Arabia, but the opposite happened and prices rose during the week supported by positive sentiments in the American … Read more
Oil prices stabilized today, Tuesday, December 5, amid tensions in the Middle East and weak economic data from US Brent crude futures. Today, the price of Brent crude reached $78.02 per barrel, while the price of US West Texas Intermediate crude reached $73.09 per barrel. Read also:My father told me he had too much sugar … Read more
Photo = Infostock Daily [인포스탁데일리=안호현 전문기자] Saudi Arabia is considering extending its production reduction policy until next year. Additional production cuts at the Organization of Petroleum Exporting Countries (OPEC) plus level are also being considered. The Financial Times (FT) reported on the 17th (local time) that Saudi Arabia is likely to extend its production cut … Read more
The “OPEC Plus” group agreed on the largest production cut since the “Covid-19” pandemic, at a meeting in Vienna today. And the OPEC Plus production cut could lead to a recovery in oil prices, down to about $ 90, from $ 120 three months ago, due to fears of a global economic recession, rising oil … Read more
Petroleum exporting nations around the world (OPEC) and its allies or OPEC As well as The conference ended on Monday (September 5) where the assembly resolved to cut down creation potential by 100,000 barrels for each day in Oct. OPEC Moreover has resolved to lower that creation for the 1st time in more than a … Read more
OPEC Furthermore, which contains OPEC member countries and Russia-led allies, on Monday agreed to a bit minimize oil generation to raise price ranges that have fallen on fears of an economic slowdown. Crude oil producers will slice creation by 100,000 barrels for every working day, or .1 p.c of world desire, in October, and also … Read more
Nowadays, Sunday, the Wall Street Journal discovered Russian opposition to cutting down oil generation at this time, suggesting that “OPEC Moreover” will preserve its oil creation stage when it meets tomorrow, Monday. Sources extra to the newspaper that Moscow is concerned that the production slash could mail a concept to oil consumers that the supply … Read more
Dubai (Reuters) A doc seen yesterday by Reuters confirmed that the “OPEC Additionally” joint complex committee predicts an oil current market deficit in 2023 of 300,000 barrels a day. The committee, which held a meeting yesterday, expects desire to be under 400,000 barrels for every day this 12 months, in a downward revision of a … Read more
Oil prices jumped by more than 5% after Saudi Arabia announced an additional voluntary production cut, and Brent crude reached $ 53.71, achieving a gain of 5.13%. WTI also rose 5.29%, to breach the $ 50 level. The Saudi Energy Minister, Prince Abdulaziz bin Salman, described the voluntary reduction in oil production as a gesture … Read more
Last updated: Thursday 28 Ramadan 1441 AH – May 21, 2020 KSA 19:11 – GMT 16:11 Posted on: Thursday 28 Ramadan 1441 AH – May 21, 2020 KSA 09:57 – GMT 06:57 Source: Reuters – Reuters – Oil prices advanced today, Thursday, as withdrawals from US crude oil inventories and production cuts by major producers … Read more