Oil up over 3% despite Covid-19 Omicron variant worries
Oil markets took a bullish stance in the Asian session as investors look for bargains after Friday's sell-off and on ...
Tag: OPEC
News and stories about OPEC
Oil dips for 5 consecutive weeks over fresh COVID-19 concerns
The black liquid benchmarks had one of their worst weekly performances last week with both contracts losing over $10 a barrel ...
Oil steady as OPEC says release of crude oil reserves will boost surplus
On Thursday, oil prices in London remained steady after OPEC said a coordinated release of reserves could add to a ...
Oil bullish despite possible reserve releases
Oil prices are bullish in the Asian session today, as the worry of a potential coordinated release of crude reserves ...
OPEC Vs The United States: Who will win the oil war?
Just when you thought Donald Trump’s exit would mean OPEC could enjoy their carte blanche management of the oil markets, ...
Oil in panic mode on calls for Joe Biden to open Strategic Petroleum Reserve
In response to President Biden's suggestion that the Strategic Petroleum Reserve be used to counter the surge in gasoline prices ...
Libya closes in on Nigeria’s spot as Africa’s top oil producer
Nigeria's oil production fell again in October, nearly handing Libya the title of Africa's top oil producer. This is according ...
Crude oil post third weekly loss on fears of plans to boost US interest rates
Fears that the U.S Federal Reserve will accelerate plans to boost interest rates to tame inflation led to an oil ...
Oil ends week lower but regains momentum as it reclaims $80
The black liquid regained momentum on Friday, with both benchmarks gaining over 2% as bullish bets resumed after the Organization ...
OPEC+ refuses to budge on increasing output despite high oil prices
After voting earlier this week to keep output steady, bullish bets on crude resumed Friday amid expectations major oil producers ...
