Tag Archives: Oil

Oil prices continued to rise in Wednesday, supported by the improved outlook demand from the International Energy Agency (IEA), which raised expectations for global demand for crude this year by 230,000. The IEA expects a 5.7 million-barrel a day growth in the global demand for oil in 2021 compared with …

Crude oil rose on Wednesday, April 14, after data in the sector showed that US inventories fell more than expected, while OPEC raised expectations for crude demand, but concerns about the Coronavirus and increasing supplies curbed the gains. Brent crude futures rose 85 cents, equivalent to 1.3%, to $64.52 a …

Oil, Crude, trading

Oil prices rose on Tuesday, supported by the improved demand forecasts for 2021, by the Organization of the Petroleum Exporting Countries (OPEC). In addition, positive economic data in the United States and China prompted optimism about the recovery of the global economy and the demand for energy sources. The West …

In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth in 2021 to 5.95 million barrels per day from 5.89 million barrels per day in the previous report, per Reuters. “There have been sizeable drawdowns in global inventories since mid-2020 …

Oil prices rose on Tuesday, April 13th, as data from China showed an increase in the growth of imports of the second-largest consumer of oil in the world. Brent crude futures were up 31 cents, equivalent to 0.5%, to $63.59 a barrel, while U.S. crude futures increased 28 cents, or …

Oil, Crude, trading

Oil prices rose on Monday, amid optimism about the prospects of the recovery of economic growth and the global demand for energy. Brent crude futures for June delivery increased by 33 cents, or 0.52%, to finish at $63.28 per barrel. Meanwhile, the U.S. West Texas Intermediate (WTI) crude futures gained …

On Monday, a pricing document showed that Iraq raised the official selling price of Basra Light crude in May shipments to Asia to a premium of $1.40 per barrel to DME Oman futures, an increase of $0.10 over the previous month. According to Reuters. The official selling price of Basra …

Oil prices rose, but they remained moving within a narrow range Monday, April 12, amid optimism about the recovery of the US economy with an acceleration in the pace of immunization campaigns against the Corona virus, but the increase in Covid-19 infections in other regions of the world is holding …