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After a three-month decline in global oil demand caused by the spread of the delta variant of coronavirus, the card could turn significantly. Asia in...
OPEC countries and their allies, led by Russia, estimate that oil market tensions will persist until the end of the year and oil reserves will remain low until May 2022.
Brent crude oil was cheaping during Wednesday's trading. Her prize was dragged down by concerns about the effects of spreading a more contagious variant of...
As on a roller coaster, oil trade developed on Tuesday. The brent price first shot to $ 78 a barrel, to drop below $ 75 in the afternoon of Central European Summer Time. The failure of the OPEC + countries to act is to blame.
The world's largest oil traders estimate that the price per barrel will remain above $ 70. According to them, the demand for black gold will...
A barrel of Brent crude oil was trading at $66.5 on Tuesday, a nearly 1 percent discount from the previous day. Behind the price drop are fears of a rise in the coronavirus epidemic in India, which could weaken demand for black gold.
A barrel of Brent crude oil was trading near $67 on Thursday. This is the last time oil reached this level four weeks ago. After a slight cooling of the market following the OPEC+ meeting, the trend is beginning to reverse.
Traffic congestion in one of the most frequented sea arteries can last several weeks. Europe's supply of oil is at risk, and the lack of transport containers on the market may also deepen.
The global oil market is finding the lost balance it lost because of last year's outbreak of the coronavirus pandemic. Mohammad Barkindo, the secretary-general of the Organization of Petroleum Exporting Countries, thinks so.
Both a barrel of Brent and WTI oil are already trading for more than sixty dollars. The price of black gold has long since exceeded the pre-crisis level. There has been a temporary shortage of oil on the market due to the extremely cold weather in important mining areas.