OPEC sticks to output increase plan; US eases pressure
OPEC, the Organization of Petroleum Exporting Countries, announced this Thursday it would stick to its plan of raising output by 400,000 barrels in January. As...
Tag : oil prices
Oil prices fall below $80 per barrel on fears of new lockdowns
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Oil prices fell this Friday below $80 a barrel as surging Covid-19 in Europe threatened economic recovery. Investors are also weighing a potential release of...
Oil prices remain tight on supply worries; Covid-19 striking Europe again
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Oil prices remained tight this Tuesday, supported by greater demand globally. However, rising Covid-19 cases in Europe and a forecast of more oil production to...
Oil prices fall for third week straight due to monetary policy
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Oil prices fell this Friday, whipping out the gains from past weeks, on pressure from monetary policy strengthening the dollar, and on worries that the...
Oil prices go up after US promises to tackle high gasoline prices
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Oil prices rose this Monday, giving positive signs for global economic growth and further recovery from the pandemic. However, the US said it is considering...
Oil prices go up as demand strengthens and supply tightens
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Oil prices went up sharply this Monday, as demand keeps getting stronger from economic recovery and Covid-19 restrictions easing. Also, supplies are still tight, despite...
Oil could reach $90 per barrel by year’s end; Goldman Sachs
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Oil prices could reach $90 per barrel by year’s end, said the global bank, Goldman Sachs. According to a Reuters report, the bank estimates that...
Oil reaches $86 per barrel but falls later; $90 per barrel forecast for 2022
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Oil reached a three-year high record this Thursday, reaching $86 per barrel driven by tight supplies and the global energy crisis. However, they plunged later...
Oil prices keep rallying after supply deficit forecasts
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Oil prices keep rallying to multi-year high records as global supply might remain tight until the end of the year. Forecasts of a deficit in...
Crude oil keeps rally and jumps to multi-year highs
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Crude oil has risen further this week, reaching multi-year high records, as the energy crisis grips major economies and the market still operates with tight...