An OPEC + source said that the OPEC + Joint Ministerial Monitoring Committee agreed to adhere to the current oil production policy and increase production by 432,000 barrels per day as of May. according to reuters.
Read More »
A media statement quoted OPEC+ Secretary-General Muhammad Barkindo as saying that the OPEC+ group, which includes Russia and other producers, should “keep the path” regarding the group’s decisions, adding that it should also continue to follow market developments closely. OPEC + ministers are scheduled to meet on Thursday to decide …
Read More »
The gold price is down on the day, losing around 1.9% as the US stock market rises later in the day for a positive close in hopes of a breakthrough in peace talks surrounding the Ukraine crisis. The market mood was sour, helping the American dollar to end the day …
Read More »
The U.S., Europe and Japan have called on oil-producing nations to do more to tackle record-high prices amid the war in Ukraine and ongoing supply shortages. On Monday, OPEC+ group was reportedly expected to stick to the May oil output plan increase plan at the March 31 meeting as several …
Read More »
Oil prices rose $2 on Monday as Ukrainian forces withstood violent Russian attacks while major oil producers said they were struggling to produce their quotas under a supply agreement. Brent crude futures rose $1.96, or 1.8 percent, to $109.89 a barrel by 0039 GMT, adding to its 1.2 percent rise …
Read More »
Oil prices continued to rise on Friday at the end of a volatile third week with little progress in peace talks between Russia and Ukraine, raising fears of tighter sanctions and prolonged oil supply disruptions. Russian President Vladimir Putin, in a stern speech on Thursday, denounced “traitors and scum” at …
Read More »
Oil prices rose about 3 percent on Thursday after the International Energy Agency said markets could lose 3 million barrels per day of crude and refined products from Russia starting in April. The agency stated that the lost supplies would be much larger than the expected drop in demand of …
Read More »
Oil prices fell by as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine intensified and markets prepared for a US interest rate hike. Oil prices fell more than 5% on Monday to their lowest levels in nearly two …
Read More »
A group of the world’s largest oil and gas companies is preparing to launch a new fund worth more than $1 billion to invest in new technology-focused on reducing greenhouse gas emissions from energy use, sources said on Thursday. The Oil and Gas Climate Initiative, which brings together 12 of …
Read More »
Russian President Vladimir Putin said to ministers that Russia is at the moment adhering to its obligations on energy exports, noting that it is surprising that “we are doing this”. Regarding the US ban on Russian oil imports, Putin noted that inflation in the US is surging and the West …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
