Oil prices rose on Thursday, more than recouping the previous day’s losses, as investors adjusted positions ahead of an OPEC+ decision oversupply policy, but gains were capped amid fears the Continue Reading
Uncertainty about the Omicron variant of COVID has spooked commodities traders An increasing number of experts believe that these fears could be unjustified Most investment banks remain optimistic about the Continue Reading
Jeff Currie: Get Long Oil on ‘Enormous’ Upside Potential Oil prices are primed for gains as Thursday’s decision by OPEC+ to proceed with planned production increases won’t derail an ongoing Continue Reading
Oil prices are expected to overshoot $125 a barrel next year and $150 in 2023 due to capacity-led shortfalls in OPEC+ production, JP Morgan Global Equity Research said. “As the Continue Reading
Abuja resident Freda Igri was preparing to make her native afang soup for her family, but her cooking gas tank was empty. The price to refill a 12.5 kg tank Continue Reading
Oil clawed back some losses after plunging more than 6% over the previous two sessions on nervousness the rapid spread of the omicron virus variant will lead to more lockdowns Continue Reading
Oil prices rose on Thursday, more than recouping the previous day’s losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were capped amid fears Continue Reading
OPEC+ Meets to Debate Output Boost Oil fell in another volatile session with the first identified U.S. case of omicron jolting markets ahead of OPEC’s meeting with partners tomorrow to Continue Reading
Oil prices plunged on the back of the discovery of a new Covid variant, but Omicron isn’t the only bearish factor in today’s oil markets The resurgence of tensions between Continue Reading
Deutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. “It would be misguided to Continue Reading
