Page 35 - Pec News Today

The International Energy Agency (IEA) said in its fresh report on Wednesday that it was surprised by the steady production of crude oil and condensates in Russia, and improved its forecast for 2023, expecting a decrease of only 740,000 barrels per day instead of the previously predicted 1.1 million barrels per day.

Raises China demand growth forecast to 710,000bpd; Warns of risks to world economy from rapid rate hikes; Nigerian rebound helps Opec output rise 117,000bpd in Febru...

Summary:  Equity markets surged higher on Friday as the treasury market suddenly found solid support on Friday, taking the US 10-year yield back bel

The metals markets are awaiting the outcome of China’s ‘Two Sessions’ political meeting in Beijing this weekend that might drive deman

The head of Russian oil company Gazprom Neft has claimed that Russia’s 500,000 bpd production cut is aimed at balancing the market.

Saudi Arabia’s foreign minister made a surprise visit to Ukraine on Sunday, agreeing to an aid package worth $400 million

Summary:  US equity markets erased their losses overnight, aided by a rise in Nvidia shares boosting chip and tech stocks. Fed’s preferred inf

Summary:  Markets remain nervous as new local lows were probed yesterday in the US equities but were rejected just ahead of the 200-day moving average

Saudi Arabia reduced its total oil production by 616,000 barrels per day (bpd) during the period of four months from September to December 2022

Saudi Arabia’s energy minister has reiterated the message that the OPEC+ alliance bases its decisions purely on oil market fundamentals