(IEA) International Energy Agency expects global demand for oil to hit pre-pandemic levels towards the end of next year. IEA expects sustained Covid devastation and low inoculations in several parts…
Brent crude futures jumped by about 2.7% on Tuesday to trade at $71.17 a barrel after OPEC+ agreed on gradual easing of output cuts, CNBC reports. OPEC+ agreed to boost…
Brent oil rose past the $70 a barrel level after OPEC+ said it expects tightening of the global market, reports Bloomberg. OPEC+ says surplus oil accumulated during the pandemic has…
Analysts expect OPEC+ to gradually ease crude output limits at the June 1 meeting, according to IBD. OPEC+ are also expected to consider a nuclear deal between Iran and Western…
Saudi Arabia saw a 75% year over year surge in oil exports, reaching a value of nearly $14 billion in March, according to Oilprice.com. Crude now accounts for about 70%…
As the European countries reopen for air travelers, the number of air bookings is more than double.Oil stockpiles have increased according to the recent data from EIA.The Net Zero report…
The International Energy Agency says the global energy market is on its way to recovery despite challenges in vaccinations, reports the Wall Street Journal. IEA raised the global oil demand…
Brent crude futures rose 2.65% to $71.20 a barrel for the first time in more than a year in Asian trading hours on Monday. According to CNBC, the surge in…
OPEC+ will convene a videoconference from 1 p.m. London time to discuss the next phase of production policy, according to CNBC. The meeting comes when OPEC Secretary General Mohammed Barkindo…
At least 19 economies that depend on oil and gas exports are reportedly at risk of losing trillions of dollars by 2040 due to climate action initiatives, according to Bloomberg.…
Brent oil surged past $60 a barrel, boosted by supply cuts and expectations of fresh U.S economic stimulus measures, according to Reuters. U.S West Texas Intermediate gained 64 cents or…
Russia’s flagship crude sold at a slight discount of 70 cents a barrel surged from an 8-month low seen before Christmas. According to Bloomberg, the rise was catalyzed by a…