Page 79 - Pec News Today

WTI crude prices oscillated around $87 per barrel on Thursday morning as the markets digested the news that the Biden Administration may take additional measures to tackle the crude rally

OPEC's share of Indian oil imports fell in 2021 to the lowest in more than a decade despite a 4 per cent rebound in annual crude purchases by the world's third biggest oil importer, data obtained from industry sources showed. Members of the Organization of the Petroleum Exporting Countries (OPEC), mainly from the Middle East and Africa, saw their share of the pie in India

The White House is all out of moves following its SPR release flop, with many analysts predicting even higher oil prices this year

Russia, the leader of the non-OPEC producers in the OPEC+ pact, is unlikely to deliver all the 100,000 bpd monthly increases under the agreement this year

But rising bad loans are a challenge for regional banks, especially in UAE and Qatar

Brent prices have not touched $90 and $100 since 2014, when they were retreating from a record high above $115 to as low as $57 by the end of the year.

High oil prices, which also drive up gasoline and diesel prices, could keep inflation uncomfortably high well into 2022

Porfolio manager Eric Nutall is the last of a large number of industry insiders that sees $100 oil, citing the exhaustion of OPEC+ spare capacity as a very-bullish watershed moment

Oil prices jumped more than 3% on Tuesday afternoon in the runup to the much-watched API crude oil inventory data report

LONDON, Jan 9 — Unrest in Opec+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected despite the Central Asian country being the world’s second largest producer. “Riots obviously can stop production and exports,”...