Tag: opec
Oil Prices Up 1 Percent
Today, oil prices increased by 1 percent, as fighting in Libya and the declining exports from Venezuela and Iran raised concerns over the tightening...
Oil Remains Flat As Market Anticipates U.S.-China Trade Deal
Today, oil prices held near flat as the market wavered on the expectations that China and the United States would be able to reach...
U.S. Crude Stocks Plunge, Oil Rises 2%
Today, oil futures gained approximatley 2 percent after U.S. crude inventories unexpectedly plunged and as Saudi Arabia brushed aside the comments from U.S. President...
Donald Trump Blames OPEC For ‘Too High’ Prices, Oil Drops Percent
On Monday, oil futures plunged by more than 3 percent after Donald Trump, the President of the United States of America, said that the...
Saudi Reduces Exports, Oil prices Continue Strong Start To 2019
Today, oil prices have continued its rise yet again for its eighth straight session as the Opec cuts in the New Year and hopes...
Oil Prices Drop Yet Again
This morning, the oil prices fell yet again following a rally which saw the price of Brent crude rose by approximately eight percent last Wednesday.
Brent...
US and Russia Increased Oil Output, Oil Prices Decline
This morning, the oil prices have experienced a sharp decline going down to their lowest point in more than a year as the output of...
Opec Forecasts Decline In Demand After Reducing Output
Yesterday, Opec lowered its projections for oil demand. It said that the global appetite for its oil would decline to approximately 31.44 million barrels per...
Opec To Decrease Oil Output By 1.2m Barrels A Day
Yesterday, the price of Brent crude oil edged up as some of the major oil producers in the world agreed on a last-minute deal to decrease...
European stocks rally on trade truce
The presidential dinner at the G20 summit in Buenos Aires this weekend between Donald Trump and China’s Xi Jinping yielded a temporary respite in...
