Jan 8, 2024 — Oil prices fell over 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output that offset supply concerns generated by escalating geopolitical tension […]
Oil prices jumped by nearly 1% on Tuesday, lifted by uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and some encouraging economic signals in Europe. Brent crude […]
Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Brent crude […]
• OPEC+ cuts output target by about 1.16 million bpd • Oil prices register biggest daily rise in nearly a year • Producer group acted after oil hit $70 a barrel • Goldman Sachs raises […]
The Secretary General of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. Barkindo, 63, was due to step down at the end of this […]
Stocks in Asia traded lower Monday morning as the Organization of the Petroleum Exporting Countries and its allies reached an agreement on a record oil production cut. In Japan, the Nikkei 225 slipped 1.04% in early trade while the Topix […]
As oil prices sank about 14 percent last week alone and the Brent hit a twelve-month low on the back of the coronavirus outbreak, the Organization of Petroleum Exporting Countries (OPEC) is meeting in Vienna […]
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