Global benchmark Brent oil was little changed, near $72 a barrel, after OPEC+ stuck with a plan to boost crude production, wagering that the market can absorb the additional supply. Continue Reading
Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging Continue Reading
Oil was little changed ahead of an OPEC+ meeting that should see further output added to a market that the group sees as needing extra supply. West Texas Intermediate was Continue Reading
Oil prices rose on Wednesday before an OPEC+ meeting in which the producer club is expected to stick to a plan to add 400,000 barrels per day (bpd) each month Continue Reading
The world has missed an opportunity to speed up the transition from fossil fuel to renewables as economic recovery packages aimed at mitigating the impact of COVID-19 have entrenched the Continue Reading
Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan Continue Reading
Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. Continue Reading
It’s the end of summer, and millions of Americans are about to pay the highest gas prices since 2014 , thanks to Hurricane Ida’s blow to the oil industry in Continue Reading
Hurricane Ida’s blow to the oil industry is probably making this Labor Day the most expensive for U.S. drivers since 2014. The storm left parts of the country’s Gulf Coast Continue Reading
Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan Continue Reading
