Oil prices declined on Monday and closed at their lowest level in more than a week, with markets awaiting the outcomes of the coming OPEC+ meeting. Uncertainty regarding production policies coupled with concerns over the rising number of COVID-19 cases in some countries are weighing on energy markets. The OPEC+ …
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Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Where are US stocks headed and will oil continue to rise? This and more in the next report. US Stocks The …
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Despite the trend of oil prices to reach about $ 75 a barrel, shale oil producers in the United States are fulfilling their pledges to maintain the current level of spending and production stability, unlike what happened during previous booms. In the past, the rise in crude oil prices, as …
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Oil prices touched high levels not recorded since October 2018, and then fell from them, at a time when investors focus on the OPEC meeting this week, while the differences between the United States and Iran over the revival of the nuclear agreement continue, delaying the increase in Iranian oil …
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Oil, Crude, trading
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Oil prices rose on Friday, extending gains for the fifth consecutive week due to expectations for demand recovery. Brent crude futures for August delivery rose by 62 cents, or 0.82%, its biggest rise since June 21, to close at $76.18 per barrel, rising by $2.67, or 3.63% for the week. …
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The number of rigs drilling for crude oil and natural gas in the United States remained unchanged this week, data showed on Friday. The rig count stood at 470 for the week ending June 25, according to the weekly report by Baker Hughes. The number of oil rigs decreased by …
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Oil, Crude, trading
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Oil prices finished higher on Thursday, as markets anticipate the upcoming OPEC+ meeting that comes amid a surge in prices due to expectations for stronger demand during the second half of the year, as the global economy is recovering from the coronavirus crisis. Brent crude futures for August delivery rose …
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Oil prices fell slightly on Thursday, June 24, but are still close to their highest levels in nearly three years, supported by a draw in US inventories and an acceleration in German economic activity. Prices were also supported by doubts about the future of the 2015 Iran nuclear deal, which …
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