Oil Steady as Prospect of More Supply Offsets Middle East Conflict Worries
"The risk of supply disruptions in the Middle East are being offset by the prospect of production hikes from OPEC. Despite its efforts to stabilise the oil market, prices have remained under pressure," they added. OPEC+, which groups OPEC members and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December.
Last week, the Financial Times reported that Saudi Arabia was ready to abandon its unofficial price target of $100 a barrel ...
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...
After two consecutive weeks of gains, oil prices have fallen back into bear territory this week, as fears about higher supply ...
Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi ...
Oil prices were mixed in the early Asian session, but may be supported by a fall in U.S. stockpiles.
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
Oil futures trimmed losses Wednesday, after government data showed U.S. crude inventories fell last week and the Fed ...
U.S. set a record for oil production in December, the highest ever by any country. Shale production continues to debunk “peak ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback