Oil prices fell on Wednesday, April 28, in light of the rapid spread of Covid-19 cases in India and an increase that exceeded expectations for crude stocks in the United States, which overshadowed the confidence shown by OPEC and its allies in the strong recovery of global demand for fuel. …
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The Saudi Crown Prince Mohammed bin Salman, in televised remarks on Tuesday, that the kingdom is in discussions to sell one percent of Saudi Aramco to a global energy company. Prince Mohammed added that Aramco, the world’s largest oil company that was listed on the Saudi Stock Exchange in 2019, …
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Oil, Crude, trading
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Oil prices rose on Tuesday to close at their highest level in about a week, following a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend its production policy. In an early meeting, held ahead of schedule, which surprised the market, the OPEC+ alliance …
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Figures from Brazil’s National Petroleum Agency showed that oil production in the South American country fell by 6% in Q1 of this year Compared to the same period last year, in large part due to a decline in production from the state-owned oil giant Petrobras. According to agency data, seen …
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Oil, Crude, trading
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Oil prices continued to decline on Monday, extending their losses from last week, due to concerns about the surge in new coronavirus cases in India and other Asian markets. Markets are anticipating the upcoming OPEC+ meeting on Wednesday. Brent crude futures for June delivery dropped by 46 cents, or 0.7%, …
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Oil prices fell on Monday, on the back of fears that the escalation of Covid-19 infections in India will lower the demand for fuel in the world’s third-largest oil importer, and with investors shifting positions ahead of a planned increase in OPEC+ oil production from May. Brent crude futures fell …
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Oil, Crude, trading
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Oil prices rose on Friday, limiting their weekly decline that resulted mostly because of concerns about demand recovery amid a resurgence of the coronavirus with a rising number of new cases, especially in India. Brent crude futures for June delivery gained 71 cents, or 1.1%, to close at $66.11 per …
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