Page 90 - Pec News Today

Even if OPEC+ were to boost oil supply to the market, as major consuming nations have called for, it wouldn’t have much difference on the global natural gas market according to Saudi Arabias Energy Minister

India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reasonable levels, a top official said on Monday. Petrol and diesel prices have shot up to record highs across the country after

Rising power, natural gas and gasoline prices is already drawing calls for Biden to back...

The global energy shortage is not a crisis, fairer energy prices will sole it.

Prices were also buoyed by expectations that soaring natural gas prices as winter approaches will drive a switch to oil to meet heating demand.

Oil sector needs investment to avert volatility like gas market, says the UAE Energy Minister

Brent crude was up $1.20 cents, or 1.5%, at $83.59 a barrel by 0656 GMT, after gaining nearly 4% last week.

Meteorologists are predicting a particularly cold winter, and it could send oil prices to the highest level since 2014

The index has touched a new historic high of 8,161.45 in the early deal.

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