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Oil prices steady as rising Indian COVID cases counter European economic recovery  Oil prices steady as rising Indian COVID cases counter European economic recovery
Oil prices were broadly steady on Friday with support from a European economic recovery countered by persisting coronavirus concerns as infections surged to record levels in India.Brent crude dipped 4 ...
Coronavirus 2 hours ago
IEA ups oil global demand forecast as COVID vaccinations brighten outlook IEA ups oil global demand forecast as COVID vaccinations brighten outlook
Vaccine rollouts are brightening the outlook for global oil demand, the International Energy Agency (IEA) said on Wednesday, though rising cases in some major oil-consuming countries show a recovery ...
Energy 14 April ,2021
OPEC raises 2021 oil demand growth forecast on hopes COVID-19 impact subsides OPEC raises 2021 oil demand growth forecast on hopes COVID-19 impact subsides
OPEC on Tuesday raised its forecast for growth in world oil demand this year on hopes the pandemic will subside, providing help for the group and its allies in their efforts to support the market. ...
Coronavirus 13 April ,2021
Oil prices tick up following strong Chinese import data Oil prices tick up following strong Chinese import data
Oil prices ticked up on Tuesday after strong Chinese import data but markets broadly shrugged off Middle East tensions which have so far not disrupted oil supply.Brent crude oil futures were up 25 ...
Energy 13 April ,2021
Saudi Aramco selling $12.4 billion stake in pipeline rights unit Saudi Aramco selling $12.4 billion stake in pipeline rights unit
Investors led by EIG Global Energy Partners LLC agreed to acquire a roughly $12.4 billion stake in a Saudi Aramco oil-pipeline rights company.The group will acquire a 49% equity stake in Aramco Oil ...
Energy 10 April ,2021
 Oil prices dip on mixed supply and demand outlook due to pandemic Oil prices dip on mixed supply and demand outlook due to pandemic
Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture on the COVID-19 pandemic’s impact on fuel demand. Brent crude futures for June fell 32 cents, ...
Energy 09 April ,2021
Saudi energy minister confident that OPEC+ made right output decision Saudi energy minister confident that OPEC+ made right output decision
Saudi Arabia remains confident that the OPEC+ agreement to increase output over the next three months was the right move, said its energy minister.“It’s still a good decision," Prince Abdulaziz bin ...
Energy 09 April ,2021
Oil prices fall on big increase in US gasoline stocks, subdued demand Oil prices fall on big increase in US gasoline stocks, subdued demand
Crude oil prices fell on Thursday after official data showed a big increase in US gasoline stocks on the back of higher refinery runs while demandremained subdued compared with pre-pandemic levels. ...
Energy 08 April ,2021
Bahrain due to start drilling wells in new shale oilfield at end 2022: Oil Minister Bahrain due to start drilling wells in new shale oilfield at end 2022: Oil Minister
Drilling for the first production wells in Bahrain’s new offshore shale oil discovery is expected to start at the end of 2022, the country’s oil minister said in remarks made to parliament last month ...
Energy 08 April ,2021
Oil prices gain 2 pct,  on strong US, China services sector growth Oil prices gain 2 pct, on strong US, China services sector growth
Strong economic data from China and the United States helped to lift oil prices by 2 percent on Tuesday, recouping some of the previous session’s losses. Brent gained $1.11, or 1.8 ...
Energy 06 April ,2021
Saudi Arabia calls for restraint at OPEC+ meet as market recovery far from complete Saudi Arabia calls for restraint at OPEC+ meet as market recovery far from complete
OPEC+ oil producers have taken a cautious stance but the market’s recovery is far from complete, Saudi Arabia’s energy minister said on Thursday.“Last month we called for a cautious and restrained ...
Energy 01 April ,2021
Oil prices rise as OPEC+ meets to reassess on production policy Oil prices rise as OPEC+ meets to reassess on production policy
Oil prices rose on Thursday on optimism over a US government spending plan and hopes that OPEC and its allies will keep production curbs in place when they meet on Thursday. Brent crude ...
Energy 01 April ,2021
Oil prices fall on OPEC+ concerns over slow demand recovery, in spite of China growth Oil prices fall on OPEC+ concerns over slow demand recovery, in spite of China growth
Oil prices fell on Wednesday on concerns about the market’s recovery after OPEC and its allies lowered their 2021 demand growth forecast, although strong Chinese factory activities lent some support. ...
Energy 31 March ,2021
OPEC+ panel lowers 2021 oil demand growth forecast by 300,000 bpd OPEC+ panel lowers 2021 oil demand growth forecast by 300,000 bpd
OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market’s recovery amid a wave of new coronavirus lockdowns, a report from its experts ...
Energy 31 March ,2021
Saudi Arabia seeks to support to extend oil cuts by OPEC+ into June, says source Saudi Arabia seeks to support to extend oil cuts by OPEC+ into June, says source
Saudi Arabia is prepared to support extending oil cuts by OPEC and its allies into June and is also ready to prolong its own voluntary cuts to boost prices amid a new wave of coronavirus lockdowns, a ...
Energy 30 March ,2021
Iraq signs multi-billion-dollar investment pact with Total for four energy projects Iraq signs multi-billion-dollar investment pact with Total for four energy projects
Iraq has signed a heads-of-agreement deal with French firm Total spanning four projects involving natural gas, solar energy and seawater reprocessing, the oil ministry said on Monday.Total will make a ...
Energy 29 March ,2021
Oil prices up 3 pct on fears Suez Canal blockage may last weeks, squeezing supplies Oil prices up 3 pct on fears Suez Canal blockage may last weeks, squeezing supplies
Oil prices rose more than 3 percent on Friday, rebounding on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined ...
Energy 26 March ,2021
Oil tumbles 4 pct on concerns over Europe pandemic curbs, slow vaccine rollouts Oil tumbles 4 pct on concerns over Europe pandemic curbs, slow vaccine rollouts
Oil prices fell more than 4 percent on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger dollar. Brent crude futures were down by ...
Coronavirus 23 March ,2021
UAE’s Fujairah to publish monthly marine fuel sales data in tie-up with Platts UAE’s Fujairah to publish monthly marine fuel sales data in tie-up with Platts
The marine refueling and oil storage hub of Fujairah has begun publishing monthly data on its bunkering sales volumes in partnership with S&P Global Platts, Fujairah authorities announced on ...
Energy 23 March ,2021