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Oil’s chances of reaching $100 in the near future aren’t so very far off if the current trends in the oil markets hold, analysts from RBC Capital Markets said in an investor note on Thursday
Oil prices on Tuesday jumped nearly 3% to the highest since November after OPEC+ heavyweights Saudi Arabia and Russia announced an extension of their respective production cuts
Saudi Arabia will extend its voluntary 1 million bpd crude oil production cut through the end of this year, according to the official Saudi Press Agency
Record shale output by U.S. producers has done little to ease tightness in medium sour crude and diesel products, sending refinery margins skyrocketing
A group of 37 economists and analysts have raised their 2023 oil price forecasts for the first time in four months saying OPEC+ output cuts will be enough to offset weak economic growth in China