Tag Archives: OPEC+

A statement by the Saudi Cabinet on Tuesday renewed the kingdom’s support for the OPEC + agreement, which provides for an increase in the supply of crude exporters from the Organization and allied producers by 400,000 barrels per day each month. And the official Saudi Press Agency quoted a statement …

Although oil prices retreated from earlier highs as markets await the outcome of Ukraine-Russia talks and traders hope that a ceasefire could materialize, front-month WTI futures remain well underpinned in the $95.00 territories. At current levels in the $96.00s, WTI is trading with on-the-day gains of over 4.0% or more …

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and cut off certain Russian banks from the global SWIFT system for interbank payments, potentially causing severe disruption to its oil exports. Brent crude rose $4.16, or 4.3 percent, to $102.09 at 0915 GMT, after hitting a …

Oil prices in Brent crude futures rose more than 7 dollars to 105.07 dollars a barrel with the opening of trading on Monday, and oil prices in US crude futures rose more than 7 dollars to 99.10 dollars a barrel. The British oil company BP said on Sunday, February 27, …

Oil prices fell on Friday after sharp increases during the session on fears of possible disruption to international supplies following the imposition of sanctions on oil-exporting Russia. Brent crude futures for April fell 33 cents, or 0.3 percent, to $98.75 a barrel at 1045 GMT, after jumping to $101.99. May …

Oil prices rose on Thursday, with Brent crude exceeding $105 a barrel for the first time since 2014 after a Russian attack on Ukraine raised fears of a war in Europe that could disrupt global energy supplies. Brent crude prices rose $8.24, or 8.5 percent, to $105.08 a barrel by …

Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by four to 520 this week. That followed a climb of 19 oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

Oil prices extended losses on Friday and headed for a weekly decline as the prospect of an increase in Iranian oil exports outweighed fears of possible supply disruptions from the Russia-Ukraine crisis. Brent crude futures fell $2.44, or 2.6 percent, to $90.53 a barrel, after ending trading on Thursday, down …

Oil prices fell on Thursday as talks to revive a nuclear deal with Iran entered their final stages, but tension between Russia and the West over Ukraine limited losses. Brent crude fell $1.26, or 1.3 percent, to $93.55 a barrel. US West Texas Intermediate crude fell 1.34 dollars, equivalent to …

Oil fell more than 2% in early Asian trading on Thursday after France and Iran said the parties were close to reaching a consensus to save Iran’s 2015 nuclear deal with world powers, countering the impact of continuing concerns about the situation in Ukraine. US West Texas Intermediate crude fell …