OPEC sees no need for more oil supply, despite U.S. call
OPEC, the Organization of Petroleum Exporting Countries, and its allies including Russia, known as OPEC+ see no need for more oil supply; despite last week’s...
Tag : OPEC+
OPEC forecasts strong oil recovery; sees more U.S. shale for the market
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OPEC said this Thursday on its latest monthly report that oil demand should recover through 2021 and further consolidate for 2022; the Organization’s forecast comes...
Oil prices close higher even though covid cases are surging
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Oil prices closed higher this Tuesday, despite the rising cases of covid-19 around the world; oil supply rate, as well as vaccinations and mobility rates...
Oil prices could easily hit $100 per barrel, after OPEC+ collapse
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Oil prices could easily hit a $100 dollars per barrel after the OPEC+ collapse in their talks, the former U.S. Energy Secretary, Dan Dan Brouillette...
OPEC+ clashes over oil policy; ministers call off talks on Monday
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OPEC+ ministers called of talks this Monday as the Organization keeps clashing over the oil policy that would run for the next months. The clashes...
Oil prices could hit $100 per barrel next year: Bank of America
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Oil prices could reach a new high record, as demand recovers rapidly; according to a statement by the Bank Of America on Sunday; posted also...
The U.S. shale genie to stay in the bottle for now: OPEC sources
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The U.S. shale output is likely to remain limited in 2021 despite rising prices; which would give the Organization of Petroleum Exporting Countries and its...
Oil reaches $72 per barrel; reaches two-year high
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Oil prices have reached a two-year high record as demand in the United States and Europe recovers. This Monday crude oil contracts reached $72 per...
OPEC+ will ease oil production curbs through July, as accorded
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The Organization of Petroleum Exporting Countries, known as OPEC+, agreed on Tuesday to ease production curbs through July, as first accorded last April; this agreement...
Oil prices nearing $70 as demand outlook improves
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Oil prices are nearing $70 per barrel this Monday, as the demand outlook improves, and as investors look forward the OPEC+ meeting of next week...