Tag: oil supply

Crude oil prices stabilized at $68.03 Brent and $65.02 WTI after U.S. sanctions on Iran and ahead of an OPEC+ meeting

Oil prices hold steady as traders weigh OPEC+ output increases, U.S. stockpile data

“Expectations of progress in peace negotiations between Russia and Ukraine and a potential easing of U.S. sanctions on Russian oil pressured prices lower.”

OPEC downgrades its Q4 2021 global oil demand forecast at a time when an energy crunch in Europe and US has surged the price of oil, delaying the timeline for ...

Growth expectations surrounding global oil demand for 2021 remained unchanged at an estimated growth projection of 96.6mb/d on average, new OPEC report shows. This is despite the slight upward revision ...

Crude oil prices have shored up to $64.56/b in March 2021, indicating the highest rise on a month-on-month basis since January 2020.   According to the Organization of the Petroleum ...

The Secretary General- H.E. Mohammad S. Barkindo- of OPEC and non-OPEC partners, a group sometimes called OPEC+ has intimated that demand for the ‘black gold’ is not expected to assume ...