Browsing: Petroleum
The Organization of the Petroleum Exporting Countries and its allies in their latest meeting decided to implement a gradual output…
Japan kickstarts a sale of oil from its strategic reserves to control the rising prices with a moderate sale, joining…
Oil continued to plunge due to concerns of the Omicron variant spread and the possible fallout of President Joe Biden’s…
Omicron’s variant emergence will allow the global oil supply to surpass the rate of consumption, easing supply tightness in the…
OPEC on Monday upgraded its global oil demand forecast for the first quarter of 2022 but let its full-year growth…
US Crude stocks increased by 153,000 barrels per day last week to hover around 15.8 million barrels per day from…
Oil prices rallied on Thursday after the Organization of the Petroleum Exporting Countries and its allies hinted at the possibility…
President Joe Biden made an effort to deliver a Thanksgiving gift for US drivers, announcing the country’s largest-ever release of…
Barclays upgraded its 2022 oil price outlook as it projects a faster-than-anticipated inventory drawdown and wary supply action to offset…
The Organization of the Petroleum Exporting Countries has scaled down its global oil demand forecast for the last three months…
Global oil demand rose by 3.8 mb/d month-on-month in June, backed by increased mobility in North America and Europe. Global…
The Organization of the Petroleum Exporting Countries and its allies are likely to push through with the planned output hike…