World Bank: Lower oil demand may persist till 2021
Energy price remain well below pre-pandemic levels and is expected to stabilise below pre-pandemic levels in 2021.
Tag: OPEC
News and stories about OPEC
Will Oil reach $50 at the end of the year?
Although $50 is less than what Saudi Arabia needs to balance its budget, it is in line with global realities.
Oil prices drop, currently on anemic demand
OPEC Secretary-General Mohammed Barkindo admits fuel demand is looking "anemic."
Oil prices drop, storm departs Gulf of Mexico
Crude oil prices drifted lower at the first trading session of the week.
Oil price drop continues over increased OPEC supplies and decline in demand
Brent crude was down 48 cents, or 1.17%, after falling more than 3% on Thursday.
At 60, can Nigeria keep depending on Crude Oil?
Six decades after the discovery of oil, can Nigeria continue to depend on the black gold as its mainstay?
Crude oil prices post third weekly losses in four weeks
Crude prices printed their third weekly loss in four at the end of its most recent trading session.
Crude oil prices drop again after losing 4% on Monday
Oil benchmarks fell around 4% on Monday following rising concerns of increased coronavirus cases.
Crude oil prices post gains, OPEC+ warns overproducers
Both crude oil benchmarks remained above the $40-mark.
Crude oil prices drop on fears of oil glut, OPEC meets today
U.S. West Texas Intermediate felly by 1.57%, to trade at 39.53/barrel, after gaining 4.9% yesterday.
