Category: Prices

 Oil fell the most in two weeks as tensions between OPEC members heightened the uncertainty of the group delaying its planned output increase. Futures fell 1.7% in New York as Continue Reading

The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 4.146 million barrels for the week ending November 27. Analysts had predicted an inventory draw Continue Reading

Crude oil futures fell during mid-morning trade in Asia Dec. 1 after OPEC members failed to agree on extending current output cuts and have delayed the second day of its Continue Reading

Oil erased earlier losses with OPEC+ seeking more time to reach a deal on production policy after a meeting broke down without an agreement. Futures were 0.7% higher in New York, Continue Reading

Oil’s rally above $45 a barrel hit the brakes on Monday. (Bloomberg) — Oil’s rally above $45 a barrel hit the brakes on Monday after OPEC talks ended without a Continue Reading

Goldman Sachs expects Brent crude to reach $65 a barrel next year following the release of an effective Covid-19 vaccine and a limited increase in supply from OPEC+. However, before Continue Reading

It is a sign of the times that the largest oil company in the world, Saudi Aramco , the state oil company of the Kingdom of Saudi Arabia, must borrow Continue Reading

Crude oil futures were lower during mid-morning trade in Asia Nov. 30 amid profit-taking activity as the market grew anxious ahead of the OPEC and non-OPEC Ministerial Meeting due to Continue Reading

Oil dropped below $45 a barrel as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel’s power brokers Continue Reading

Oil rose for a fourth straight week, buoyed by optimism over Covid-19 vaccine progress ahead of an OPEC+ ministerial gathering next week. Futures in New York advanced 8% this week, despite Continue Reading