Oil price

Crude Oil
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
Crude Oil
OPEC+ Considers Production Increase At March Meeting
OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.
Oil & Gas Trade
Iraq Freezes Crude Prepayment Deal with China’s Zhenhua
Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Is…
Oil & Gas Trade
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever.
Crude Oil
Mexico Overhauls Its Huge Oil Hedge
Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…
Oil Price
Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze
Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a…
Crude Oil
Oil Drops as Investors Gauge Big Chill Impact on US Refineries
US West Texas Intermediate crude fell 2% to $59.3 a barrel on Friday.
Oil & Gas Trade
China Is Fueling The Global Crude Oil Demand Recovery
The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support …
Crude Oil
Oil Prices Jump Above $61 On Major Crude Draw
Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week t…
Oil Price
Oil Falls Again as Opec and IEA Caution Ends Rally
Brent crude was down 0.8% at $60.67 a barrel on Friday
Crude Oil
Saudi Arabia Raises Oil Prices To U.S. And Europe
The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leav…
OPEC
Oil Prices Rally As OPEC+ Maintains Its Production Policy
The Joint Ministerial Monitoring Committee of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make…
Crude Oil
OPEC+ Now Sees Weaker Oil Demand Growth For 2021
OPEC+ expects global oil demand to rise by 5.6 million barrels per day this year—lower estimated growth than OPEC’s assessment of 5.9-million-bpd demand incre…
Oil Price
OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices
The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secret…
Crude Oil
Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says
The promise of stimulus worth $1.9tn for the US economy has also buoyed oil markets

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Oil price

Oil Prices Reach One-Year High As Global Crude Supplies Shrink

OPEC+ Considers Production Increase At March Meeting

Iraq Freezes Crude Prepayment Deal with China’s Zhenhua

Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive

Mexico Overhauls Its Huge Oil Hedge

Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze

Oil Drops as Investors Gauge Big Chill Impact on US Refineries

China Is Fueling The Global Crude Oil Demand Recovery

Oil Prices Jump Above $61 On Major Crude Draw

Oil Falls Again as Opec and IEA Caution Ends Rally

Saudi Arabia Raises Oil Prices To U.S. And Europe

Oil Prices Rally As OPEC+ Maintains Its Production Policy

OPEC+ Now Sees Weaker Oil Demand Growth For 2021

OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices

Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says