Oil falls amid supply, demand uncertainties
Oil prices fell on Tuesday, influenced by prevailing uncertainties regarding supply and demand in energy markets.
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OPEC
Iraq doesn’t expect further OPEC+ production cuts – minister
Iraqi oil Minister Hayan Abdel-Ghani said he does not expect OPEC countries to further reduce oil production.
Oil’s sharp fall surprises markets
Oil prices have witnessed the third consecutive week of decline, closing on Tuesday at its lowest point since…
Oil prices drop on Monday
Oil prices decreased on Monday parallel to OPEC+ supply cuts entering into force, driven by weak Chinese demand,…
Oil restores position after falling nearly 4%
Oil prices have stabilised on Thursday after falling by four percent on Wednesday amid concerns of a recession.
Oil prices surge after unforssen production cuts
Several Opec Plus countries have announced on Monday their unforeseen decision to cut their oil production, causing…
OPEC: Chinese demand to be 500-600k barrels/day
OPEC Secretary General, Haitham Al-Ghais, said on Tuesday the Chinese demand of oil will increase to 500 and 600…
Goldman Sachs lowers its forecast for Brent’s price to $90 per barrel
Banking firm, Goldman Sachs, lowered its predictions for brent oil prices in 2023’s second quarter to be $90 per…
India’s Russian oil imports at record high in January
India's Russian oil imports jumped to record 1.4 million barrels per day (bpd) in January, up 9.2 percent from…
Biden to release 15 million barrels of oil from strategic petroleum reserve ahead of…
U.S. President Joe Biden's administration plans to announce later on Wednesday that he will release 15 million…
