Tag: OPEC
Won’t Be Surprised by OPEC+ Proposing New Output Cuts in June
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On May 24, both oil prices in the United States and Burundi rose by more than 2% on Tuesday. It was reported that Saudi...
Oil Rises on Rising Gasoline Demand, Prospects of Tighter Supply
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Oil prices climbed for a second day on Tuesday, as investors expected a seasonally higher gasoline demand and OPEC+ production cuts to tighten the...
A Guide to Investing in Oil: Tips & Strategies
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With its significant role in global energy consumption, oil remains a prominent investment opportunity for individuals looking to diversify their portfolio and potentially capitalize...
A Beginner’s Guide to Investing in Oil Commodities
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As the world's primary source of energy, oil is one of the most valuable commodities in the global market. For investors looking to diversify...
Nigeria’s Oil Production Falls Below 1 Million BPD in April
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On May 12, the data released by the Nigerian oil regulator on Thursday showed that the country's oil production fell below 1 million barrels...
Oil Posts Biggest Drop Since Banking Crisis as Traders See Oversupply
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On April 27, affected by the turmoil in the stock market, international oil prices experienced the largest drop since the banking crisis in mid-March,...
Cheap Russian Oil Knocks OPEC’s Market Share in India to Low
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On April 24, OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest level in at least 22...
Understanding Brent Crude Oil Prices: A Comprehensive Guide
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Crude oil prices have a significant impact on the global economy, and Brent crude oil prices are particularly important because they serve as a...
Weaker Demand Weighs on Oil Prices, but Losses Expected to Be Limited
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On April 18, ANZ said last week's strong employment and inflation data had killed hopes that the Fed would pause its rate hike cycle. Investor...
Why is brent crude rising
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Brent crude, a type of oil that is used as a benchmark for pricing other crude oils, has been rising in price in recent...
Oil Hits Biggest One-day Gain Since Russia-ukraine Conflict Yesterday
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On April 4, according to the Wall Street Journal, after OPEC+ announced a joint production cut, oil prices closed up 6.3% on Monday, the...
What is brent crude oil prices
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Brent crude oil is a type of oil that is used as a benchmark for oil prices worldwide. It is a light, sweet crude...