West Texas Intermediate for February delivery, which expires Thursday, rose $1.53 to settle at $86.96 a barrel in New York. By Julia FanzeresBloomberg Published...
OPEC
Fears fade about the demand impact from Omicron, while supplies are tightened by a range of outages. By Elizabeth Low and Grant SmithBloomberg Published...
Aramco, the world’s largest oil firm, will buy 30 percent of a refinery on the Baltic coast, as well as a wholesale fuel...
Haitham al-Ghais will become OPEC’s secretary-general in August. By Grant Smith and Fiona MacDonaldBloomberg Published On 3 Jan 20223 Jan 2022 OPEC chose veteran...
Both global Brent and West Texas Intermediate benchmarks fell to their lowest levels since early December. Oil prices slumped more than 4 percent...
Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, announced their decision to...
Crude has dropped sharply since October as consuming nations have tapped their reserves and a new coronavirus variant has emerged. By Julia FanzeresBloomberg Published...
The conversation around oil has changed in recent days as the US taps reserves and fears over the new coronavirus variant grow. OPEC...
The emergence of the new strain represents the biggest threat to the recovery in oil consumption. By Alex LongleyBloomberg Published On 26 Nov 2021 Oil...
Tapping reserves would help ease surging fuel prices, and several countries are considering the move. OPEC+ officials warned they’re likely to respond to...