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Saudi Arabia buys shares of oil companies from the EU

Saudi Arabia buys shares of oil companies from the EU

The energy market is currently having a tough time low oil quotes logically lead to a drop in stock prices of oil and gas companies. Someone’s problems play into someone’s

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Oil is recovering after the fall

    Oil is recovering after the fall

Oil quotes have grown a bit after yesterday’s fall. The investors’ optimism is caused by hopes that the countries included in the OPEC+ cartel will still be able to agree

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Russia and Saudi Arabia argue on the eve of the OPEC+ meeting

    Russia and Saudi Arabia argue on the eve of the OPEC+ meeting

Today began with a decline in the energy market. It was caused by investors’ skepticism about the fact that Saudi Arabia, the United States and the Russian Federation would be

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Oil prices are adjusting after the record growth

    Oil prices are adjusting after the record growth

Yesterday’s trading session will surely go down in the economics textbooks. April 2, 2020 will be remembered as the day of maximum daily growth in oil prices. Today, black gold

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Energy ministers are going to make things right on the oil market

  Energy ministers are going to make things right on the oil market

The U.S. Department of Energy has released an official statement saying that U.S. Secretary of Energy Dan Brouillette and Alexander

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WTTC calculated that 75 million people employed in tourism would lose their jobs

  WTTC calculated that 75 million people employed in tourism would lose their jobs

Saudi Arabia organized a virtual meeting where officials from the World Travel and Tourism Council (WTTC) announced frightening statistics. Information

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Monday begins with the drop of oil quotes

  Monday begins with the drop of oil quotes

At 8 am Moscow time, Brent futures  fell 1.56 US dollars (6.26%) and were trading at around 23.37 US dollars

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Saudi Arabia will increase capacity to produce 13 million b/d

  Saudi Arabia will increase capacity to produce 13 million b/d

Saudi Aramco, which is a Saudi Arabian oil company, will increase production to 13 million barrels per day. Previously, the

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Oil price lost 25% due to the failure of the OPEC+ transaction

  Oil price lost 25% due to the failure of the OPEC+ transaction

On Monday, oil showed a 25% drop. The reason was the collapse of agreements among the members of the OPEC+

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Brent crude oil dropped below $ 50

  Brent crude oil dropped below $ 50

This morning, oil quotes are still declining. Yesterday’s session ended at two-year lows. Such a serious decline was caused by

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