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Oil & Gas
Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting
Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.
Oil & Gas
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem
Oil & Gas
Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand o
Oil & Gas
Crude Oil Pares Losses After UAE Reassures on OPEC Commitment
Crude oil prices were down fractionally in early trading in New York on Thursday, paring earlier losses after the United Arab Emirates rebutted reports claiming
Oil & Gas
Azerbaijan Sees Increase in Oil Price
Azerbaijani oil price has increased on the world markets
Oil & Gas
Oil Prices Tick Up With Inventory Draws Across The Board
The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 5.147 million barrels for the week ending November 6.
Oil & Gas
Oil Price Headed up Towards $50 per Barrel in 2021: S&P Global Platts
Brent crude, the global benchmark for oil prices, is likely to remain around $40 per barrel in the rest of the current calendar year but could be headed towards
Oil & Gas
Oil Prices Jump On Large Crude Inventory Draw
The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.
Oil & Gas
Qatar to Base State Budget on Oil at $40 per Barrel, Emir Says
Qatar's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar's Emir s
Oil & Gas
Oil Prices Hold Steady Ahead of U.S. Elections
Oil prices held steady on Tuesday ahead of the U.S. presidential election, retaining their steep overnight gains but capped by demand concerns and worries about
Oil & Gas
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil pr
Oil & Gas
Oil Plunges To $35 As Lockdowns Return
Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.
Oil & Gas
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe
Oil & Gas
Oil Prices Rebound On Small Crude Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16.
Oil & Gas
Iraq Sees Oil Prices Recovering In Q2 2021
Currently, the OPEC+ production cuts are delaying oil projects in Iraq.
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