Crude oil futures rose during morning trade in Asia June 15, as the restoration of the Joint Comprehensive Plan of Action seemed increasingly difficult, and as strong oil demand in Continue Reading
Oil traded above $71 a barrel as investors weighed the outlook for rising demand against extended anti-virus curbs in some economies, with officials tackling the challenge posed by more infectious Continue Reading
Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging Continue Reading
Oil prices rose early on Monday, with the U.S. benchmark hitting a 32-month high and Brent rising above $73 per barrel as the market is growing increasingly bullish on demand Continue Reading
Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along Continue Reading
Global crude oil demand will rebound to pre-pandemic levels and exceed them, clocking in at 100.6 million barrels daily by the end of next year, the International Energy Agency said Continue Reading
The OPEC Monthly Oil Market Report for June 2021 was published this past week. The last month reported in each of the charts that follow is May 2021 and output Continue Reading
The relationship between the two great indigenous powers in the Middle East – Saudi Arabia and Iran – has become significantly more nuanced in the past few weeks than the Continue Reading
Key fields: Qua Iboe, Forcados, Bonny, Bonga, Escravos faced outages Oil production averaging as low as 1.64 million b/d in 2021 Security concerns, regulatory risks further hamper supply outlook Nigeria’s Continue Reading
A nuclear power plant in southeastern China could turn into an “imminent radiological threat,” the part owner of the facility, a French company, has told the United States, CNN reported Continue Reading
