Tag: OPEC
High-sulfur fuel oil: the upward drive is still there, and the space may be limited
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July 12th, in the second half of the year, we expect that China's imported fuel oil will be difficult to maintain at a high...
What is Brent Oil and Crude Oil?
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Oil is one of the most crucial and widely traded commodities in the world. It serves as a vital energy source and is used...
What is the Difference Between Brent Oil and Crude Oil?
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When discussing the global oil market, two terms often come up: Brent oil and crude oil. These terms refer to different types of oil...
Saudi Arabia’s Oil Wealth: Exploring the Factors Behind Abundance
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Saudi Arabia is a country that is well-known for its vast oil reserves. The country is the world's largest producer and exporter of oil,...
Rosneft: Russian oil exports are losing out to some other OPEC+ countries
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On June 19, Sechin, president of Russian oil company Rosneft, said that Russia is losing out to other OPEC+ countries due to the smaller...
Won’t Be Surprised by OPEC+ Proposing New Output Cuts in June
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On May 24, both oil prices in the United States and Burundi rose by more than 2% on Tuesday. It was reported that Saudi...
Oil Rises on Rising Gasoline Demand, Prospects of Tighter Supply
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Oil prices climbed for a second day on Tuesday, as investors expected a seasonally higher gasoline demand and OPEC+ production cuts to tighten the...
A Guide to Investing in Oil: Tips & Strategies
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With its significant role in global energy consumption, oil remains a prominent investment opportunity for individuals looking to diversify their portfolio and potentially capitalize...
A Beginner’s Guide to Investing in Oil Commodities
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As the world's primary source of energy, oil is one of the most valuable commodities in the global market. For investors looking to diversify...
Nigeria’s Oil Production Falls Below 1 Million BPD in April
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On May 12, the data released by the Nigerian oil regulator on Thursday showed that the country's oil production fell below 1 million barrels...
Oil Posts Biggest Drop Since Banking Crisis as Traders See Oversupply
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On April 27, affected by the turmoil in the stock market, international oil prices experienced the largest drop since the banking crisis in mid-March,...
Cheap Russian Oil Knocks OPEC’s Market Share in India to Low
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On April 24, OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest level in at least 22...