Page 43 - Pec News Today

The willingness of the U.S. government to become a price setter instead of a taker by using its Strategic Petroleum Reserve could become a geopolitical tool and an answer to

Brent crude LCOc1 futures gained 25 cents, or 0.3%, to $88.61 a barrel at 0101 GMT, while US West Texas Intermediate (WTI) crude CLc1 futures rose 35 cents, or 0.4%, to $81.30 a barrel.

Both contracts fell by as much as $3/bbl after rising by over $1/bbl earlier in the session, “following reports that the G7 price cap on Russian oil could be above t...

The Emirate, Saudi Arabia, Kuwait and Iraq deny a media report that Opec+ group is considering an “increase of up to 500,000 barrels a day” ahead of the next month m...

Saudi Arabia and other OPEC oil producers are discussing an output increase, according to reports.

The UAE has reiterated that it has not been in any discussions with OPEC members to change the existing agreement, denying talks of a potential production hike

Whether addressing the role of energy policy and how countries can collaborate on alternative energy methods or energy will shape future national security issues, the content in The Prologue is relevant to day-to-day policymaking.

The US Energy Information Administration (EIA) now sees the Brent crude oil spot price averaging $102.13 per barrel this year and $95.33 per barrel next year, accord...

There is growing speculation that U.S. President Joe Biden may ease sanctions on Venezuela, but the opposition may not let it happen, even if Biden wanted to

Following a one-month hiatus OPEC+ is set to meet again in two weeks in Vienna, with Saudi Arabia warning that the oil group will remain cautious on production discipline.