Page 59 - Pec News Today

US crude stocks fall by over 7 million barrels; Russian supply set to be sharply curbed by EU sanctions; Russia sees energy export revenue rising nearly 40 per cent

Oil slips to six-month low as recession fears weigh after a brief rally as concerns about the prospect of a global recession that would weaken demand overshadowed a ...

Saudis unemployment rate drops to lowest level in 10 years, reaching 10.1%

Saudis unemployment rate drops to lowest level in 10 years, reaching 10.1%

The 100,000 bpd production target increase that OPEC+ set for September may end up effectively being a production cut, the IEA said on Thursday

World demand growth to slow to 3.1 million bpd in 2022; Opec July output rises 162,000bpd, less than pledged; Sees slightly higher US shale growth in 2023

Danial Norjidi The Asia-Pacific Economic Cooperation (APEC) region is expected to significantly moderate in the near term, with gross domestic product (GDP) growth slowing to 2.5-per-cent in 2022 and 2.6-per-cent in 2023 following a 5.9-per-cent rebound in 2021, according to a new report from the APEC Policy Support Unit (PSU). The GDP projections are among […]

When the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided on Wednesday to raise oil output by a mere 100,000 barrels per day (bpd), it broke a taboo with a rare reference to the group's spare production capacity.

Brent crude LCOc1 futures fell 94 cents, or 0.9%, to $99.60 a barrel at 0020 GMT, wiping out the previous session's gain.

The OPEC oil cartel and its allies decided Wednesday to boost production in September by...