Page 42 - Pec News Today

OPEC+ decided not to alter its production quotas at its meeting on Sunday, a decision that reflects the uncertainty over both supply and demand

Brent, WTI rise as much as two per cent before paring gains; Opec+ sticks to plans to cut production by two million bpd; More Chinese cities relax Covid-19 restricti...

No discussions about Russian price cap; Oil prices have come under pressure from weak economy; Next meetings to take place February 1 and June 3-4

Investors are scrutinising a European Commission-proposed $60 dollar per barrel price cap on Russian crude.

Opec+ expected to roll over policy on Sunday; Opec+ also cancels Friday technical meeting; Russian price cap, Chinese demand in focus

The EU ban, on Russian oil is set to kick in on December 5 along with a plan by G7 nations to enforce a low price for Russian oil sales

Opec output falls 710,000bpd from October; Opec complies with 163% of pledged cuts in November; Quota-bound members undershoot target by 800,000bpd

The news that global crude oil prices have fallen to their lowest-ever level for the past ten months will come as some relief to the Finance Ministry as it begins the process of formulating Budget proposals for 2023-24. The fact that benchmark Brent crude prices have dipped to $82 per barrel will cheer policymakers worried about soaring oil prices. These have, in the past,

This reduction in oil price volatility lowered the macroeconomic costs of adjustment to the pandemic and contributed to higher social welfare.

WTI hits lowest since Dec 2021, Brent at lowest since Jan 2022; Clashes in Shanghai as Covid protests flare across China; Investors focus on next Opec+ meeting on De...