📰 Oil Faqs News
Oil Faqs News Today
Fast, Ad-Free News Updates
Stay updated with breaking news from Oil Faqs. Real-time updates on events, politics, business and more.
April 11, 2024
Oil prices are sliding lower on the back of the monthly OPEC report where the group is issuing a warning that it will closely monitor the Oil market balance with an expected surge in demand over the summer. On the geopolitical side, CNN reported
March 27, 2024
Oil prices are retreating on Wednesday, with traders gasping for air after seeing the overnight print from the American Petroleum Institute (API), which saw a massive 9.337 million build-up in US stockpiles. A number not to ignore as it means that
March 25, 2024
Oil prices are soaring over 1% at the start of the week after finding some technical support on the pivotal $80.63 level. Prices could be set to rise further due to both supply and demand factors.
March 12, 2024
Oil prices are turning red after the release of the monthly OPEC report. Biggest catalyst in the report that pushes Crude prices in the red this Tuesday comes from Iraq. The country produced substantially more barrels than the agreed quota amongst
March 11, 2024
Oil prices are trading in the green, though sideways overall this Monday with some slim gains on the back of headlines that Saudi Arabia’s Aramco has postponed plans to boost its production from 12 to 13 million
February 23, 2024
Oil prices are sliding nearly 1% on Friday as Iraq announced the reopening of a refinery that was closed for a decade and amid expectations that OPEC+ countries won’t opt for big production cuts.
February 13, 2024
Oil prices are retreating a touch, off this Tuesday's highs, in the aftermath of the publication of the monthly OPEC report. The report reveals dispersion and non-compliance yet again among OPEC members on the supply cuts that were agreed upon at
February 1, 2024
Oil prices are finding a floor near $76, backed by the OPEC statement being released after the meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in
January 31, 2024
Oil prices are seeing a pickup in volatility on Wednesday, jumping towards the $80 psychological level, as the US said it stands ready to issue new sanctions against the Venezuelan Oil industry. With this move, The US appears to be leveraging
January 29, 2024
Oil prices are in the red near 1% with the US Department of Defense issuing statements at the start of the US trading session that it does not seek broader conflict in the Red Sea region. Prices were shooting higher during the Asian session with