Oil prices recover 3% as Omicron fears fade away
Oil prices recovered around 3% this Monday as fears of the Omicron variant causing severe demand disruption in the market are fading away. According to...
Tag : OPEC+
Oil prices go up after US promises to tackle high gasoline prices
Oil prices rose this Monday, giving positive signs for global economic growth and further recovery from the pandemic. However, the US said it is considering...
Oil prices go up as demand strengthens and supply tightens
Oil prices went up sharply this Monday, as demand keeps getting stronger from economic recovery and Covid-19 restrictions easing. Also, supplies are still tight, despite...
Oil reaches $86 per barrel but falls later; $90 per barrel forecast for 2022
Oil reached a three-year high record this Thursday, reaching $86 per barrel driven by tight supplies and the global energy crisis. However, they plunged later...
Oil prices keep rallying after supply deficit forecasts
Oil prices keep rallying to multi-year high records as global supply might remain tight until the end of the year. Forecasts of a deficit in...
OPEC+ to go as planned with production; oil peaks as a consequence
OPEC+, the Organization of Petroleum Countries and allies announced this Monday they would go as planned regarding oil production. After their meeting, they agreed to...
Oil rises above $78 supported by rising gas prices; OPEC meeting looms
Oil prices rose above the $78 per barrel mark after hitting a three-year high record this week. The main factor for the increase has been...
Oil prices reach $77, holding a three-year high and three-week gains
Oil prices reached $77 a barrel this Friday, pushed by supply disruptions, strong demand, and deeper than expected inventory draws. Today’s trading point is a...
As Hurricane Ida weakens, gasoline rises and oil loses momentum
Hurricane Ida came ashore this Sunday, losing destruction power and becoming a category 1 hurricane. In advance of the storm, nearly all of the oil...