Page 5 - Jan Stuart News Today

by Bloomberg |Monday, March 01, 2021 From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them. (Bloomberg) -- From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them. A crude glut that piled up during the pandemic is vanishin...

With the need for more oil supply evident, traders expect the OPEC+ coalition, led by Saudi Arabia and Russia, will agree to increase crude production when it meets on March 4, reversing some of the output cuts made last year. But it’s unclear if the group will act vigorously enough.

Out with the old, in with the new! The Lunar New Year is all about ushering in luck and prosperity with family. Celebrated by more than 1.5 billion people each year, the holiday is rich in tradition and meaning, which vary from culture to culture. Read on to learn more! What is the Lunar New Year? The Lunar New Year is a holiday that marks the first new moon of the lunisolar calendar, which is the calendar traditionally used in many east Asian countries including China, Vie...

Share A Lunar New Year celebration performance. Photo courtesy of the Freer Gallery of Art and Arthur M. Sackler Gallery, the Smithsonian’s National Museum of Asian Art. Like many events and traditions this year, celebrations for the Lunar New Year are moving online. Due to concerns of Covid-19, the Chinese Consolidated Benevolent Association will not be holding its annual Chinese Lunar New Year parade.  However, those looking to celebrate a holiday rooted in ushering in luck and good fort...

The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve.

The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group — which slashed output during the pandemic — can revive another 500,000 barrels a day of idle capacity in February, on top of an increase scheduled for this month. Riyadh, which has favored greater caution, is keeping its own views under wraps. “The outlook fo...

As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.

Last month, OPEC+ talks ran into a five-day stalemate as Saudi Arabia and the United Arab Emirates - for years allies in both political and energy spheres - disagreed over how quickly to revive idled barrels.


As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.