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The Executive Director of the IEA has warned of an imminent surge in oil prices after OPEC+ extended production cuts until 2024 and Saudi Arabia announced an additional reduction.
Oil prices are on course for a third consecutive weekly gain with WTI trading above the $80 mark while Brent at above $85 on Friday...
Announcement of oil production cuts sending price upward
Every week, the commodities overview helps you better understand the variations in the prices of energy, metals and agricultural commodities. | 08:17am
OPEC+ stunned the oil market, announcing additional surprise production cuts until the end of this year, and while several analysts raised their price forecasts towards $100 per barrel, others don’t agree