Oil prices shrug off cap as Russia fires back with price floor threat
Oil markets will likely stay volatile in the near term amid uncertainty over the impact on Russian output from the EU's ban, headlines on China's COVID policy and central bank movements in the U.S. and Europe.
Gazing into the Energy Crystal Ball for 2022
The Covid pandemic and geopolitical issues are likely to be key issues for the energy prices in 2022.“What we have to have when we’re...
Oil climbs as OPEC+ may delay further supply recovery if there is a slump in demand
Oil prices climbed on December 3 after the Organization of the Petroleum Exporting Countries (OPEC), and oil producing allies led by Russia, a grouping...
Fearing recovery setback, OPEC+ sticks to plans to raise oil output gradually
The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so called OPEC+, dismissed demands from the United States...
OPEC+ seeks agreement on oil production policy
The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC, an energy alliance often referred to as OPEC+, was expected to reconvene via teleconference on...
IEA: Oil markets uncertain after rebound from historic Covid-19 global demand drop
The International Energy Agency’s new Oil 2021 report shows the COVID-19 pandemic caused a historic drop in global oil demand, but not necessarily a...
Crude oil price rally may face supply side pressure in early 2021
Oil traders are optimistic the start of the deployment of vaccines means that an end to the worst economic ravages of the COVID-19 pandemic...