Brent Crude Slips After Hitting $75 For First Time in Two Years
Oil retreated after hitting $75 a barrel in London for the first time in over two years, as traders waited to see how OPEC+ will handle a rapidly tightening market. Continue Reading
Oil rises on optimism of quick recovery in global demand
Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil Continue Reading
WTI jumps 3% on bullish demand outlooks, falling US inventories
US crude stocks expected down 6.3 million barrels Bank of America sees $100/b oil in 2022 Raisi election could muddy US-Iran nuclear talks Crude prices moved sharply higher June 21, Continue Reading
Oil Prices Surge Amid Supply Decline Expectations
Oil jumped by the most in a month amid a weaker dollar and as key timespreads surged with expectations for further supply declines at the biggest storage hub in the Continue Reading
Trafigura Says Oil Could Hit $100 a Barrel Next Year
Trafigura’s Saad Rahim considers when oil will top $100 a barrel. Oil could top $100 a barrel in the next 12 to 18 months as the recovery from the pandemic Continue Reading
Decade Of Chaos Could Send Oil To $130 Per Barrel
From $35 per barrel to $130 per barrel—this is the range for oil prices in the next few years that we could see, according to a commodity trading group. And Continue Reading
Covid: Vaccines running out in poorer nations, WHO says
Some countries do not have enough Covid-19 jabs to continue their vaccination programmes A large number of poorer countries receiving Covid-19 vaccines through a global sharing scheme do not have Continue Reading
Climate goals hinge on more clean energy investment in emerging markets: IEA
Oil, gas producers encouraged to do more on emissions Cost of capital higher in emerging markets Insufficient money being invested in clean energy projects in countries with emerging markets compared Continue Reading
OPEC+ discussing gradual oil output rise from August -sources
OPEC+ is discussing a further gradual increase in oil output from August as oil prices rise on demand recovery, but no decision had been taken on the exact volume yet, Continue Reading
Analysis: Iran vote points to hardline goal of long-term power – analysts
A hardline victory in Iran’s presidential election has tilted the domestic balance of power towards the country’s anti-Western clergy and away from officials chosen by popular vote, a shift Tehran Continue Reading