OPEC+ Extends Oil Output Cuts Into Q2 to Defend $80 Floor
Key Insights OPEC+ agreed to extend oil production cuts of 2.2 million bpd into Q2 2023 Move aims to defend…
Brent Crude Rises Over 2% on Escalating Mideast Instability
Key Insights Brent crude rose 2.3% to $79/barrel on Friday after US and UK strikes in Yemen, targeting Houthis for…
Oil Prices Seen Rising to $100 in 2024 on OPEC+ Supply Cuts
Key Insights OPEC+ nations pledge voluntary oil output cuts totaling 2.2M bpd, boosting prices despite messy rollout Saudi Arabia extending…
WTI Crude Sinks Below $80 for the First Time Since August
Key Insights Oil prices sank below $80 a barrel for the first time since August due to a strong dollar…
Saudi Aramco Reports 23% Drop in Q3 Profit Amid Oil Price Pressures
Key Insights Saudi Aramco reported a 23% drop in net profit for Q3 2023, citing lower crude oil prices and…
Oil Prices Show Resilience Amid Supply and Demand Worries
Key Insights Brent crude and WTI see modest upticks despite an overall bearish sentiment in oil markets. Concerns linger over…
Oil Prices Dip Despite Israel-Gaza Tensions
Key Insights Oil prices fell as Israel launched a ground offensive in Gaza, but concerns about supply disruptions remained due…
World Oil Prices Surge as Russia Bans Fuel Exports
Key Insights Brent oil prices rose by 0.7% and WTI by 0.85% amid Russia’s ban on fuel exports. Fears that…
Oil Price Surge: Will the Race to $100 Per Barrel Be Short-Lived?
Key Insights Oil prices have reached their highest levels of the year, with Brent crude trading at around $93.90 per…
Brent Price Forecast: Will Crude Prices Hit $100 a Barrel?
Key Insights Brent prices could rise to $90-$100 a barrel by the end of the year due to a travel…