OPEC forecasts rising demand after failing to hit output targets February 10, 2022 OPEC has revealed oil demand could rise even more steeply this year as the global economy recovers from the pandemic.
Oil prices stall amid talks of Iran-US deal February 9, 2022 Oil prices are hovering around $90 per barrel on both major benchmarks as talks between Iran and the US weighed down prices.
Oil prices take a breather after multiple market rallies February 8, 2022 Oil prices have eased today ahead of the resumption of indirect talks between the US and Iran, which may revive the nuclear deal
Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
Oil prices ease after OPEC+ meeting February 3, 2022 Oil prices have eased but remain close to the $90 milestone after OPEC+ producers stuck to planned moderate output increases.
OPEC+ sticks to oil output increases despite members failing to hit agreed targets February 2, 2022 OPEC and its allies such as Russia (OPEC+) have stuck to agreed plans to raise production by another 400,000 barrels per day in March.
Government gives the green light to new North Sea oil and gas field February 1, 2022 A new oil and gas development in the North Sea was approved by the government yesterday, despite environmental concerns.
Oil prices drop below $90 as OPEC+ commit to supply boost February 1, 2022 Market rallies on both major benchmarks have stalled this amid speculation OPEC+ could further increase supply targets this week.
Oil remains at $90 per barrel amid growing geopolitical turmoil January 30, 2022 Brent Crude and WTI Crude have consolidated their gains from rallies this week, as concerns over tightening supplies this year continue to fester.
Experts about record $90: Shareholders may face ‘catastrophic levels of value destruction’ if oil price drops January 27, 2022 Based on current surging prices oil giants should think twice about investing in new oil projects or they could risk wasting billions, a new report has warned. The price of Brent crude oil has increased by nearly 40 dollars (£29) per barrel in the last year, and hit 90 dollars (£66) yesterday for the first [...]
