Saturday, August 13, 2022
Tags OPEC+

Tag: OPEC+

Oil prices slip as weak factory data fuels global demand concerns

Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just...

Global oil prices jump to seven-year high

Oil prices climbed on Wednesday toward last week's seven-year highs as a draw in US crude stocks confirmed strong demand and a lack of...

Oil prices stay firm on fuel demand despite COVID-19 surge

Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing US fuel demand holding up well despite soaring...

Saudi king says Opec+ pact ‘essential’ for oil market stability

Saudi Arabia's King Salman said on Wednesday the Opec+ production agreement was 'essential' to oil market stability and stressed the need for producers to...

Oil gains over $1/bbl following Saudi price hike

Oil prices jumped over $1 a barrel on Monday following top exporter Saudi Arabia raising prices for its crude sold to Asia and the...

Oil price soars as OPEC+ decides to act if demand falls

Oil prices rose on Friday following the statement of OPEC+ that the producer group could revise its policy to increase output at short notice...

US snubs Opec+: announces coordinated release of oil with China, South Korea, Japan, India

The United States announced on Tuesday that it will in coordination with China, South Korea, Japan, India, and Britain, release millions of barrels of...

Saudi Aramco Q3 profits increase by whopping 18.6 billion

The net profit for the third quarter of the year more than doubled for the Saudi Arabian state oil producer Aramco. The oil producer said...

Global oil prices set to hit $100?

Oil prices could potentially touch $100 a barrel as OPEC+ seek to stabilize the global market. The Organization of the Petroleum Exporting Countries (OPEC) and...

Oil prices are on the rise and here’s why

Oil prices soared on Monday, rising over 2% with Brent crude touching $84.09 a barrel up by 2.1% or $1.70 a barrel. This is...

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