Tag Archives: Oil

Hurricane Ida halted production of about 1.7 million barrels of oil per day at the end of August, the International Energy Agency said Tuesday, August 14th. The authority added that oil stocks of the OECD countries fell by 34.4 million barrels in July to 2.850 billion barrels. The agency cut …

Oil, Crude, trading

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. The U.S. Inflation We can say that inflation levels are the main driver of …

Oil, Crude, trading

The Organization of the Petroleum Exporting Countries (OPEC) is likely to lower its forecast for global oil demand growth in 2022 when it publishes its monthly report on Monday, two OPEC sources told Reuters on Friday.

Oil rose towards $73 a barrel on Friday, supported by increasing indications of tight supplies in the United States as a result of Hurricane Ida, and hopes for trade between the United States and China boosted appetite for riskier assets. About three-quarters of offshore oil production in the US Gulf …

Oil, Crude, trading

Oil prices rose for the second session on Thursday, compensating for losses incurred earlier in the session, as the market received support from the decline in US production in the Gulf of Mexico due to the damage caused by Hurricane Ida. By 0616 GMT, Brent crude rose 26 cents, or …

Oil, Crude, trading

Oil, Crude, trading