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Energy

Oil Prices Diverge As Uncertainty Persists

Uncertainty is rampant in oil markets, with traders struggling to balance economic uncertainty with continued supply cuts and the rising cost of capital. ...
Energy

Oil Ticks Up as Russia’s Novak Says No More OPEC+ Cuts Needed

By Tom Kool Crude oil prices ticked higher on Thursday, stabilizing after Wednesday’s drop due to sentiments that the OPEC+ late March production cut announcement...
News

Platts Survey: OPEC+ Oil Production Rose By 140,000 Bpd In December

The OPEC+ group saw its combined crude oil production rise by 140,000 barrels per day (bpd) to 42.71 million bpd in December, but the...
Business

Iran To Sign $40 Billion Deal With Russian Gas Giant

In December, Iran expects to sign an energy agreement with Russian gas giant Gazprom worth around $40 billion, a senior Iranian diplomat was quoted...
Energy

Russia Could Be The Biggest Beneficiary Of OPEC+ Cuts

Russia will not cut any output while the price of oil is set to rise in the coming months. Earlier this week, OPEC+...
Headline

Oil Likely To Hit $200: SEB Group

Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief...
Headline

Russia’s Oil Production Jumps By 5% In June

Russia’s crude and condensate production has increased in June by 5% to an average of 10.7 million barrels per day (bpd), Russian daily Kommersant...
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