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8 OPEC+ Members Extend Voluntary Oil Output Cuts by One Month

VIENNA: Eight member countries of the OPEC+ oil-producing group announced on Sunday that they will extend their voluntary output cuts by one month, continuing...

Why Is Canadian Oil So Cheap?

Understanding the dynamics of oil pricing is essential for grasping the complexities of the global energy market. Canadian oil, particularly from Alberta’s oil sands,...

How Do You Add Crude Oil to MT4?

MetaTrader 4 (MT4) is one of the most popular trading platforms used by retail traders globally. While it is known primarily for Forex trading,...

What Does Brent Stand For?

Brent crude oil is one of the most significant benchmarks in the global oil market, widely recognized...

Which Crude Oil is the Best in the World?

Crude oil is a vital commodity in the global economy, powering industries, fueling transportation, and serving as...

Does OPEC Use Brent or WTI?

The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market,...

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Signs of cooling oil prices are everywhere, when will the bulls welcome the spring again?

Traders in Europe, which has been the region with the worst crude supply panic in recent months, are finally showing signs of improvement, and...

Russia, Saudi Arabia fight ‘oil price war’ in India

Before the Russia-Ukraine conflict, Saudi Arabia was India's second-largest crude oil supplier, while Russia was only the ninth supplier. However, since the outbreak of the...

How Crude Oil Becomes Oil

The basic way to turn crude oil into petroleum is generally: â‘  First, divide crude oil into different straight-run distillates according to the boiling...

Shale Revolution Pioneer Ditches Crude Oil Assets to Focus on Natural Gas

For now, the market appears to have emerged from a heated debate over what is the correct Chesapeake Energy, a pioneer in the U.S....

What does strategic oil reserve mean?

Strategic oil reserves refer to one of the effective ways to deal with short-term oil supply shocks (large-scale reductions or interruptions). It serves national...

Is the oil market still tight? Saudi raises crude oil prices for Asia to record levels

Saudi Arabia raised oil prices for Asian buyers to record levels, as global oil markets remain tight despite signs of softening demand as the economy...

What are the types, uses and functions of crude oil

Crude oil is a liquid fuel source located underground. It is extracted by drilling. Crude oil is used for transportation, petroleum products and plastics. Element Economic...

How to trade crude oil for beginners

In oil trading, there must be certain trading strategies and skills. So, for newcomers to oil trading, how to trade crude oil ? Strengthen the...

Why is crude oil measured in barrels?

Why is crude oil measured in barrels? In oil exploration, the first tool used to hold oil was the barrel. But at the time,...

US crude oil trading strategy on August 4: Multiple bearish oil prices initially broke down, pointing to the 80 mark?

During the Asia-Europe session on Thursday (August 4), U.S. crude oil fluctuated in a narrow range near the low of more than five months,...

What does unconventional oil mean

Unconventional oil means that oil is produced or exploited by unconventional oil well technology, such as extra-heavy crude oil , oil sands oil, tight...

What are the colors of oil

Colors of oil , including deep red, golden yellow, dark green, black, maroon and clear. In short, oil is very rich in color, depending...

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