Oil Up on the First 2022 Trading Day
Oil jumped more than 1% on the first trading day of the new year ahead of an OPEC+ meeting on Tuesday to discuss production policy. Futures in New York topped Continue Reading
Energy Prices Rose 59% In 2021
Energy prices at the end of 2021 were 59% higher than they were at the beginning of the year, according to a new report by the Energy Information Administration (EIA). Continue Reading
OPEC’s new secretary general says demand to return to pre-pandemic levels by end-2022 – Al Arabiya
CAIRO, Jan 3 (Reuters) – OPEC’s secretary general-elect said on Monday that global oil demand should return to its pre-pandemic levels by the end of 2022, Al Arabiya news channel Continue Reading
OPEC+ Expects Mild Impact From Omicron On Oil Markets
OPEC+: impact Omicron on oil prices temporary OPEC + is meeting this week to discuss output plans Bloomberg polled analysts: group may decide to keep outcut cut plans unchanged OPEC+ Continue Reading
OPEC+ Sees Smaller Oil Market Surplus In Q1
OPEC+ sees smaller oil market surplus at the beginning of 2022 Lower expected oil supply from non-OPEC+ producing nations was the key reason for a downgrade in the surplus estimate Continue Reading
Canadian families win compensation over jet downed by Iran
Image caption, Images of the victims were displayed during an event marking the first anniversary of the tragedy in Toronto last year A Canadian court has awarded C$107m (£62m; $84m), Continue Reading
How Iran Could Trigger The Next 10 Percent Drop In Oil Prices
Iran announced plans last week to boost oil production from its supergiant South Azadegan oil field to at least 320,000 barrels per day The development of the West Karoun fields Continue Reading
Saudi-led coalition accuses Yemen’s Houthis of hijacking cargo ship in Red Sea
UAE-flagged RWABEE hijacked off Yemen’s coast: Saudi-led coalition Vessel on way from Yemen’s Socotra island to Saudi Arabia’s Jazan Port RWABEE was carrying medical field equipment A Saudi-led coalition has Continue Reading
India’s Diesel Demand Yet To Reach Pre-Covid Levels
India’s demand for diesel, the most used fuel in the world’s third-largest crude oil importer, rose in December 2021 from a month earlier but was still 2 percent lower than Continue Reading
Venezuela Doubles Crude Oil Exports Defying U.S. Sanctions
Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of U.S. sanctions. Shipments averaged 619,000 barrels a day Continue Reading