After OPEC and its allies decided not to increase supply in April, oil prices rose nearly 3% on Friday coupled with a…
Category:
Energy | Petroleum
-
-
Energy | PetroleumNews
OPEC + expands oil production cuts, Saudis continue voluntary cuts
by BUNKERISTby BUNKERISTAfter OPEC and its allies decided that the recovery in demand was still fragile despite the recent oil price rally, they agreed…
-
Oil rose on Thursday as OPEC + producers may make a decision not to support the increase in production at the meeting…
-
Energy | PetroleumNews
OPEC+ considers rollover rather than raising output
by BUNKERISTby BUNKERISTOil prices soared on Wednesday, supported by expectations that OPEC + producers may decide against the increase in output when meeting this…
-
Oil prices dropped on Tuesday amid expectations that major producers may agree to increase oil supplies at their meeting this week, as…
-
When the world economy stepped on the brakes last year, there was a rush to store crude oil and petroleum products whose…
-
Energy | PetroleumNews
Prices are at a year high, OPEC adheres to oil policy
by BUNKERISTby BUNKERISTOil has risen from historic levels that fell last year as the outbreak hit demand as the Organization of Petroleum Exporting Countries…
-
Energy | PetroleumNews
WTI at the highest level since 2019 with the resumption of production
by BUNKERISTby BUNKERISTOil prices were mixed on Thursday, with U.S. crude oil reaching its highest close since 2019, as Texas refineries resumed production following…
-
Energy | PetroleumNews
Oil soars after the freezing cold and the drop in U.S. production
by BUNKERISTby BUNKERISTOil prices surged to a 13-month high on Wednesday after deep cold cut production and reduced crude oil production last week, according…
-
Energy | PetroleumNews
Oil prices fell, surprise increase in U.S. crude oil stocks
by BUNKERISTby BUNKERISTOil prices dropped on Wednesday after a surprising increase in US crude inventories last week, as demand was curtailed by refineries in…
