Tag: Crude
BOST to upgrade depots, expand pipeline capacity in 2022
The Bulk Oil Storage and Transportation Company Limited (BOST) says it will…
Oil prices climb towards $80 on tight supply, stocks fall
Oil prices edged towards $80 per barrel on Wednesday as global supply…
Oil Rebounds More Than $1/bbl After Saudi Price Hike
Oil prices rose by more than $1 a barrel on Monday after…
Oil Jumps As OPEC+ Leaves The Door Open To Revisiting Supply Increase
Oil prices rose by 3% early on Friday, extending gains from late…
Barclays Lifts Brent Oil Price Forecast To $80 In 2022
Brent Crude prices are set to average $80 a barrel in 2022,…
Goldman Sachs: Oil Price Plunge Is Not Justified By Fundamentals
The recent oil price decline is not justified by fundamentals, Goldman Sachs…
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to…
IEA: Global Oil Inventories Rose In October
After hitting a six-year low in September, commercial oil stocks in OECD…
Confluence of factors drove recent sharp rise in energy prices
The global energy price shock that has impacted especially energy-intensive industries in…
Why Oil Prices Will Rise In The Short Term
The rally in crude oil and other energy prices has sent U.S.…