2020 was a rough year for the crude oil market. As the energy demand plunged during the global financial crisis, […]
Tag: opec
After Saudi Arabia Pledges Unilateral Output Cut, Oil Rises To 11 Month High
On Wednesday oil prices rose to their highest since February 2020 after Saudi Arabia agreed to reduce output more than […]
Oil Prices Reach Multi-Month Highs
On Monday oil prices touched multi-month highs on anticipation that OPEC and allied producers may limit output at current levels […]
Oil Prices Rise; Tanker Blast at Saudi Arabia
Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus […]
Oil Steady on OPEC+ Deal, Gold Slides
Oil prices are quite steady today, in keeping with how they’ve traded for most of the week. A lot of […]
Oil Slips As COVID-19 Lockdowns Increase
Oil prices fell on Tuesday, adding to losses from the previous session that came as California tightened its pandemic lockdown […]
Oil Drops as Supply Concerns
Oil prices were lower on Friday in quiet trade due to the U.S. Thanksgiving holiday, dropping amid concerns about oversupply […]
As We Await OPEC+ Meeting , Oil Prices Edge Higher
On Tuesday Oil prices went higher as we are expecting that OPEC and its allies will extend oil production cuts […]
In The Midst Of Global Recovery , European Stocks Are Higher
Today on November 16th the European Stocks seem to have opened higher, as strong economic data from Japan and China […]
Global oil demand unlikely to go up from the vaccine news
Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into […]
