Russia is the world’s third-biggest oil producer and, along with Saudi Arabia, an influential member of the OPEC+ alliance. By Sharon Cho and Alex...
OPEC
The International Energy Agency agreed to deploy 60 million barrels from stockpiles around the world. Source link
Oil also got a boost Monday after Saudi Aramco said it sees signs that demand is surging, especially in Asia. By Grant Smith and Devika...
Saudi Aramco, the world’s largest producer, also said it sees signs that demand is rising, especially in Asia. By Grant Smith and Devika Krishna KumarBloomberg...
Oil prices soared to a seven-year high above $90 a barrel last month, stirring expectations of a return to triple digits. By Grant Smith...
Global benchmark Brent approached $91 a barrel while West Texas Intermediate traded near $88. By Julia FanzeresBloomberg Published On 28 Jan 202228 Jan 2022...
The rally in crude prices comes as the global economy contends with soaring inflation. By Saket Sundria and Alex LongleyBloomberg Published On 27 Jan...
Rising tensions in the Russia-Ukraine conflict are causing market jitters about possible oil-supply disruptions. By Julia FanzeresBloomberg Published On 26 Jan 202226 Jan 2022...
Maureen Sullivan / getty images CNN — Here’s a look at crude oil reserves and production around the world. Crude oil is...
Oil has been on a steady climb in recent weeks – reaching its highest level since 2014 on Wednesday – and analysts say...