OPEC

If the upside momentum continues then look for buyers to make a run at the resistance cluster at $39.35 to $39.36 The U.S. West Texas Intermediate crude oil prices are trading higher, boosted by a weaker U.S. Dollar and…
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Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative expectations of U.S. output ticking up. …
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*West Texas crude is still under $40 a barrel Future oil prices continued to rise on Friday morning in the Asian markets in reaction to the surprising decline in Russian oil exports, dealers in the market, as Russia reduced the exports…
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...Credits organisation’s response in helping prices recover After suffering historic price drops in the first half of 2020, oil markets are now well onto the path of recovery for the second half of the year according to Opec secretary…
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...To tackle weakened oil demand, OPEC and its major allies agreed to a record supply cut Brent crude plunged on Thursday, keeping the bearish momentum. It has expanded losses of more than 5% recorded in the last trading session,…
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The Organisation of Petroleum Exporting Countries (OPEC), today kicked off the celebrations of its 60th anniversary by holding a special technical workshop 'OPECat60' via videoconference. The workshop was declared open by the…
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Oil prices are set to fluctuate around the $40 mark for the foreseeable future as there is too much downside risk for them to move much higherAll eyes should be on Iraq this week as it puts forward a plan to achieve full compliance to the…
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Nigeria is bridging all gaps in fulfilment of its pledge to cut production in alignment with the OPEC+ pact, as production falls by 185, 000 barrels per day. The country’s crude oil production plunged by 185,000 barrels per day to 1.59…
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Oil traders have flagged the start of hurricane season as a potential headwind for crude oil prices. Crude oil prices finished with a weekly gain of about 10% on Friday, as the sudden drop in U.S. production output of crude oil, along…
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OPEC predicted that fuel demand will remain “under pressure” during the second half of this year because of the ongoing economic fallout from the coronavirus, a day before ministers were due to assess world markets. While there will be…
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