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Energy Market News

    Energy Market News

During the last session, the price of Brent crude oil fell below $ 50 per barrel. It was the summer of 2017 when the market saw such prices. Today, oil

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OPEC+ cuts oil production by 1.2 million barrels

    OPEC+ cuts oil production by 1.2 million barrels

OPEC members and other states have agreed to cut oil production. The volume specified in the contract is 1.2 million barrels per day. Because of this, Brent crude has risen

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US oil reserves are shrinking, oil is getting more expensive

    US oil reserves are shrinking, oil is getting more expensive

Yesterday’s rumors that the US officials asked the OPEC members to increase oil production by 1 million barrels per day led to the fact that both benchmark crudes traded on

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Russia and OPEC will discuss the increase in oil production by 1 million barrels per day

    Russia and OPEC will discuss the increase in oil production by 1 million barrels per day

Oil prices continue to go down. The fall of its cost was triggered by the OPEC official statement that in the near future oil production was likely to grow by

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Third time US oil prices have fallen in two weeks

  Third time US oil prices have fallen in two weeks

For the third consecutive time in the past two weeks, the market has seen a drop in oil prices. The

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The cost of WTI oil has jumped above $ 70 per barrel for the first time in 4 years

  The cost of WTI oil has jumped above $ 70 per barrel for the first time in 4 years

According to the company FactSet, engaged in financial research, West Texas Intermediate oil was being traded on the New York

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