Tag: OPEC

Brent crude oil, a benchmark for global oil prices, plays a pivotal role in the energy sector and global economy. Understanding the factors that...

June 17, news analysis: As the market continues to digest the better-than-expected US inflation data on Wednesday, prices rose 1.3%. As the market continues...

The global energy landscape is shaped by a complex interplay of geopolitical, economic, and environmental factors, with oil production playing a central role in...

Oil prices are showing signs of moderation on Friday as investors weigh the implications of U.S. interest rates remaining elevated for an extended period....

Oil prices experienced a decline in Asian trading on Thursday, prompted by official data revealing an unexpected build in U.S. crude inventories. Additionally, the...

Early trade on Thursday saw a drop in oil prices as investors processed the likelihood of the U.S. Federal Reserve postponing a potential interest...

Oil prices rose on Wednesday, driven by positive global demand forecasts from the U.S. Energy Information Administration (EIA) and the Organization of the Petroleum...

As investors seek to navigate the complexities of financial markets, one question looms large: Will oil stocks go up in 2024? The performance of...

Oil prices stabilized on Friday after key OPEC+ members, Saudi Arabia and Russia, indicated a possible pause or reversal in planned output increases. Despite...

Saudi Arabia has adjusted its official selling price (OSP) for its flagship Arab Light crude oil to Asia for July, setting it at plus...

Oil prices continued to climb on Thursday, supported by growing expectations of an interest rate cut from the U.S. Federal Reserve in September. However,...

Oil prices remained near four-month lows on Wednesday as markets anticipated a supply increase later this year when OPEC+ begins to unwind some output...