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Oil prices witnessed their biggest day-on-day loss in 18 months this Friday, with WTI falling a whopping $10.2 per barrel to the low $70s as Omicron fears sent ripples across markets. - The WTI Jan 2022 contract saw the highest number of traded ...
All eyes are now on OPEC+ as prices plunge due to growing demand fears driven by the Omicron variant and new travel restrictions being put in place
Renewed Covid fears have managed to do what Biden couldn't, sending oil prices crashing as a new wave of demand destruction looms.
President Biden finally succeeded in releasing oil from the U.S. SPR and encouraging fellow importers to do the same, but oil prices only went higher
/PRNewswire/ -- Onshore oil discoveries are pretty much a thing of the past. The last time anyone got remotely excited about one was in 2017, when giant Repsol...