Oil Prices Surge By Over $2 Per Barrel As OPEC+ Targets Massive Output Cut
The prices of oil jumped by more than $2 per barrel on October 3, pushed by expectations that oil cartel OPEC and its allies (OPEC+) would introduce a huge production ...
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Tag: brent oil
Oil Loses $6 Per Barrel On Demand Fears, Iraq Exports
Summary ECB should consider 75 bps rate rise for Sept. - Estonian policymaker Iraq's SOMO says oil exports unaffected by unrest Russia's Gazprom Neft aims to double oil output at ...
Oil Prices Drop 1.5% For The Week On Recession Fears
Summary Asian, European equities fall S. crude stockpiles decline OPEC chief optimistic on demand Oil prices were largely stable on August 19, reversing earlier losses, but were moving towards weekly ...
Oil Climbed On U.S. Crude Stocks Data, Short Supply Outlook
Summary S. crude stocks drop by over 7 million barrels Russian supply set to be highly curbed by EU sanctions Russia sees energy export revenue climbing nearly 40% Oil prices ...
Zelenskiy Urges Trader Vitol To Stop Shipping Russian ‘blood oil’
Kyiv asked the biggest independent oil trader to state when it will ship the final barrel and how much it will ship before that date. Volodymyr Zelenskiy, the Ukrainian president, ...
BP Acquires 40% Of US$30B Pilbara Renewable Energy Project
The company also plans to run the Asian Renewable Energy Hub, which intends to produce up to 26GW of wind and solar energy Global fossil fuel company British Petroleum (BP) ...
European Gas Firms Seek Ways To Meet Putin’s Gas Payments Terms
Germany’s and Austria’s energy suppliers confirm they are seeking sanctions-compliant methods Following Vladimir Putin regime's decision to cut off supplies to Bulgaria and Poland and insisting other countries must pay ...
U.S. Energy Exports See Record Week Amid Ukraine War
As countries globally continue to work to replace Russian supplies in the wake of the Ukraine crisis, the U.S. exported the most oil and petroleum products in history last week, ...
US Considers Record-Breaking Crude Reserves Release Causing A Drop In Oil Prices
Joe Biden looks to minimize fears of shortages concerning the Russian invasion of Ukraine The prices of oil have dropped significantly following White House officials stating that the US was ...
Saudi Aramco Increases Oil Production To Meet Surging Global Demand
In 2021, Saudi Arabia’s state oil company, Saudi Aramco, also reported a rise in its net profit by 124% to $110bn (£83bn) As Saudi Arabia’s state oil company reported a ...