Page 75 - Pec News Today

DUBAI, United Arab Emirates (AP) — Saudi Arabia is signaling it isnt willing to pump...

The White House reportedly sent two officials to Riyadh to pressure Saudi Arabia into boosting its oil production over fears a Russian invasion of Ukraine could see an increase in energy prices

DUBAI, United Arab Emirates (AP) — Saudi Arabia is signaling it isnt willing to pump...

CAIRO, Feb 14 — The International Energy Agency’s (IEA) chief Fatih Birol urged the Opec+ group of oil producers to close the gap between its words and its actions, as prices today surged to a more than seven-year high. Speaking at an industry event in Cairo broadcast by Egyptian state...

If the persistent gap between Opec+ output and its target levels continues, supply tensions will rise, increasing the likelihood of more volatility and upward pressu...

By Julian Lee Remember all that missing oil I wrote about last month? The discrepancy between where stockpiles ought to be (based on implied supply and demand balances) and the volumes that had actually been reported or measured?  Well, those barrels are missing no more. As I feared, it turns out they’ve already been used up — in the refineries and petrochemicals plants of

US firm ExxonMobil, France’s TotalEnergies, and UK giants Shell and BP announced in the past week 2021 profits totalling a whopping $66.7 billion

After rising more than 1% in early trade, Brent crude futures settled down 14 cents, or 0.2%, at $91.41 a barrel. 

Recapping a note from JPM earlier this week.

After a month in which oil prices surged 15 per cent and geopolitical tensions seethed around the world, OPEC and its allies took a record-quick 16 minutes to decide that they would stick to their previously planned output increase.