Tag: Oil
OPEC countries extended oil production cuts until July
The decision was approved during the weekend by OPEC ministers and its allies, primarily by Russia. The reason is simple – oil demand has...
The Chinese are interested in Russian oil
The recovering demand connected to OPEC+ output cuts is slowly leading to price growth. Not only Chinese refineries, but also other Asian countries, had...
Oil prices reached its two-month high
Brent oil futures contracts grew in more than 7% on Monday. A barrel of brent oil for July delivery increased to roughly $35. North...
Saudi Aramco profit dropped in a quarter but dividends will be...
Reuters says that analysts expected the drop in profit to be slightly lower, but predicted different dividend policy. They had expected Saudi Aramco to...
American oil price dropped in a quarter, Brent oil plunged below...
A global demand for fuels dropped in roughly 30% and storage capacities are almost run out
Both these factors lead to the lowest oil price...
Oil production could drop to 20 million barrels a day
Even though OPEC+ members agreed on oil production cuts in almost 10 million barrels a day, the real decline could double
As economies of many...
Saudi Arabia and Russia will end oil price war this week,...
The U.S. Energy Secretary Dan Brouillette believes that Saudi Arabia and Russia will start negotiations to end oil price war, which affects all major...
Russia and the U.S.: oil markets situation suits neither
Putin and Trump finally agreed
On Monday, the American president Donald Trump and his Russian counterpart Vladimir Putin agreed that the current oil markets situation...
Trump: I will intervene on time in the Saudi-Russian oil-price war
Ongoing oil price war is a good sign for American consumers
According to American president Donald Trump, the ongoing oil price war is a good...
OPEC: largest oil production cuts since financial crisis
Member countries of the oil cartel agreed on oil production cuts in 1,5 billion barrels daily
OPEC now awaits Russia’s attitute. Yet, there’s no signals...
