Tag: Oil
OPEC+ panel recommends greater oil production cut than expected
Advisors of the Organization of the Petroleum Exporting Countries and Russia recommended to cut oil production for 600,000 barrels per day. Russia took time...
Is there going to be a dispute over energy sources in...
A drone landed on Turkish part of Cyprus island
This should enable Turkish Cypriots search for petroleum and natural gas deposits in shelf sea.
Turkey has...
Commodity futures grow. The market should stabilize.
Commodity markets are quite fluctuating this year. That is an unusual phenomenon and concerns commodity futures, too.
Apparently, it won’t change easily. The analysts recommend...
OPEC wants to stabilize energy market. Oil stays above 2019 low.
Oil market is facing risks of bearish trends. OPEC promised to help to stabilize energy markets in shadow of those risks.
Nigerian Minister for Petroleum...
Oil prices stabilize as markets calm down after the attack on...
After a record-breaking surge on Monday, when prices of Brent crude were briefly attacking 70 dollars per barrel (from 54,8 dollars on Friday), came...
Oil prices briefly surged above 70 USD in wake of Saudi...
Oil prices briefly surged above 70 USD after Saturday attack on Saudi Arabian oil facility, which affected approximately 5 % of global production of...
Oil prices on the rise in the last week
After weeks of up and downs, oil has been rising steadily for the last few days
On Monday, prices of both Brent and WTI have...
Oil prices climb as OPEC agrees to extends cuts
On Tuesday, OPEC agreed to extend oil supply cuts for the next several months, until March of 2020.
These moves were ultimately fueled by speculation...
