Tag: Oil
Oil demand growth will intensify, the International Energy Agency estimates. OPEC disputes...
Demand will grow by two to three million barrels per day this year. Only on this interval do two major global organizations that are engaged...
Russia is increasing oil exports to countries outside the European Union. For...
The sanctions imposed by the West on Russian oil imports have prompted the Russian Federation to look for alternative buyers of the strategic commodity. And...
OPEC forecasts weaker oil demand growth next year than this year
Global oil demand is expected to increase in 2023, but at a lower rate than this year. The demand for black gold will be significantly...
The head of OPEC is lobbying for oil from Iran and...
The oil and gas industry is trapped because of years of underinvestment. If oil from Venezuela and Iran could return to the market, relief would...
Oil has fallen by a tenth during the week. Investors factor in...
Brent crude oil prices have been on a downward trajectory over the past week. While a barrel was recently selling for more than $120, by...
Goldman Sachs bank is dramatically raising its estimate of the oil...
A $120 barrel of brent oil may soon be a thing of the past. Indeed, US investment bank Goldman Sachs predicts that in the next...
US Strategic Petroleum Reserves fall to lowest level since 1987
The volume of US strategic reserves fell by five million barrels last week, the US Department of Energy said. The price of oil has been...
OPEC lowers its oil demand expectations. Partly because of the war...
The Organization of the Petroleum Exporting Countries expects significantly lower oil demand growth this year than originally anticipated. Therefore, OPEC is lowering its outlook. The...
Germany prepares crisis scenario in case gas pipeline taps from Russia...
The German government is quietly preparing for an option where it would be abruptly cut off from Russian natural gas supplies. In particular, the German...
OPEC is likely to boost oil production in June. This could make...
The upcoming meeting of representatives of OPEC countries and other OPEC+ countries is likely to bring an agreement to increase oil production. The amount of...
