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Benchmark crude prices declined in trading on Thursday after reports that the UAE reached a compromise with OPEC + countries, which will provide them with a new production quota. The UAE has reached a compromise with OPEC +, Bloomberg reported, citing sources. According to them, the country has agreed on a new baseline for production of 3.65 million b / d compared to the current 3.17…
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Oil prices are rising after the decline in the previous session. The quotes are supported by expectations of a decrease in supply on the market and statistics from China, which strengthen the hope for continued growth in demand for fuel, writes Trading Economics.
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Oil prices are falling on Wednesday after a steady rise following the results of the previous session, by the close of which the WTI price has renewed its maximum since October 2018. The market focus remains on the situation with the incidence of COVID-19 in the…
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Oil prices fell in trading on Monday amid concerns over the spread of the coronavirus pandemic, as well as uncertainty over production under the OPEC + deal. “A number of countries around the world are seeing an increase in the number of infections, and if restrictions need to be expanded or reintroduced, they could have an impact on economic growth, and therefore on oil…
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Oil prices are rising during trading on Tuesday after declining in the previous session. The cost of September futures for Brent on the London stock exchange ICE Futures by 8:06 Moscow time is $ 75.35 per barrel, which is $ 0.19 (0.25%) higher than the price at the…
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China in the first half of 2021 reduced oil imports by 3% compared to the same period in 2020, coal – by 19.7%, while imports of natural gas increased by 23.8%, according to data released on Tuesday by the PRC General Customs Administration. … China…
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Oil prices accelerated growth in trading on Friday amid data on a significant decline in US oil and gasoline inventories last week. Meanwhile, the upturn in quotes is limited due to concerns about the increase in the incidence of COVID-19 and the uncertainty around OPEC + production. The cost of September futures for Brent on the London stock exchange ICE Futures by 14:43 Moscow time was…
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Oil is slightly cheaper on Monday after a significant rise in the previous session thanks to the optimism of traders regarding the prospects for energy demand. Mass vaccinations and increased economic activity in large countries, especially the United States, are…
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Oil prices remain under pressure after a significant decline the day before amid uncertainty about the prospects for oil production due to disagreements in OPEC +. Market attention is focused on data on US stocks, which will be released a day later than usual this…
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Oil prices continued to rally on Friday amid data on a significant decline in US oil and gasoline inventories last week, but the gains are limited by concerns about rising COVID-19 and OPEC + production uncertainty. Nevertheless, both brands may end the current week in the red. The report of the US Department of Energy, published the day before, showed a reduction in oil reserves in the…
