Tag: Oil
Will Namibia become an oil power? New field offers great hope
Africa's Namibia could start producing oil by 2026. Shell has made a promising discovery in its territorial waters. More precise data on the deposit's...
Oil is at a seven-year high. The outcome of the Fed...
The price of Brent crude oil is still holding near the $90 per barrel mark after the US Federal Reserve meeting. Thus, black gold...
Canada could become a key global supplier of oil and gas,...
If Canada manages to achieve its climate goals, it could become an absolutely crucial supplier of oil to the whole world. Fatih Birol, the head...
OPEC increased oil production in November. But less than the original...
The organization of oil-exporting countries increased the volume of oil extracted by 200,000 barrels per day in November. But that's 34,000 barrels less than she...
After rising to a three-year high, oil fell slightly. But demand...
A barrel of brent oil traded for more than $ 80 earlier this week. It was the highest price since October 2018. Shortly afterwards, however, oil...
OPEC + wants to keep oil prices between $ 65 and...
The price of a barrel of oil could stay between $ 65 and $ 75 per barrel until September next year. It is said to...
Oil has been falling for six days in a row and...
A barrel of Brent oil fell on the world market to $ 66.5 on Thursday. This is the lowest level since about the middle of the last decade of May. A similar drop in prices was also recorded for North American oil WTI.
The International Energy Agency has worsened the outlook for oil demand....
Oil demand growth dampened significantly in July. In the rest of the year, black gold is set to go for sales slightly worse than originally...
Oil cheaper, OPEC+ agrees to increase production
OPEC+ energy ministers agreed on Sunday to increase oil production. From August, production would increase by 400,000 barrels per day each month. Until the end of this year.
Oil got above $ 71 a barrel. It is the most...
The price of Brent crude oil briefly exceeded $ 71 per barrel during Tuesday's trading. He can blame the improved demand outlook for the rest...
