Massive Gains For Oil As Analysts Forecast Monster Figures Before Demand Destruction Kicks In
Meanwhile, American motorists swallow high prices at the pump.
Source: shipandbunker.com
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U.S. Shale Giant Says OPEC Controls Oil Prices
Unlike in previous years, the U.S. shale patch will not have a large say in where oil prices will be going in the coming months
Source: oilprice.com
Saudis Triumph in Oil Market With Comeback From Covid Crisis
(Bloomberg) When the OPEC+ alliance of oil producers gathers Monday, group leader Saudi Arabia can savor a moment of triumph. Eighteen months after slashing crude production during the pandemic, Riyadh is set to pump at almost pre-Covid levels of 9.8 million barrels a day this month as a recovering global…
Source: energynow.ca
Saudi Arabia Showers In Oil Revenues Again
Saudi Arabia’s oil revenues are flowing in at the highest rate in three years, Bloomberg reports, thanks to the strong price recovery since the start of this year
Source: oilprice.com
Saudis triumph in oil market with comeback from Covid crisis
The shortage of natural gas, which has sent prices to the equivalent of $190 a barrel, is spurring a switch to oil products for heating and manufacturing.
Source: gulfbusiness.com