Tag: opec
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...
Russia Ready To Reduce Output, Oil Price Bounces Back
Last Thursday, the prices of crude oil clawed back its losses after the release of reports that Russia has accepted the necessity to reduce...
Oil Prices Drops To One-year Low
After experiencing its worst month since the financial crisis that happened ten years ago, oil prices are struggling at more than a one-year low.
This...
Oil Price Drops To Its Lowest Since March
This afternoon, oil prices continued to drop after slipping down to their lowest point within a period of eight months. The decline in the...
Market hung over after midterms excitement
As the US midterm election mists clear, the markets are trying to decide what to do next. Thursday’s bounce in the US is being...