oil prices

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Brent oil price exceeds $61

Oil prices slipped this morning amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude inventory drawdown in the United States. Brent crude futures fell 17 …

Brent oil price exceeds $60

Oil prices jumped more than 2% today after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants. …

Oil prices on rise again

Oil prices were on the rise this morning as the Organization of Petroleum Exporting Countries (OPEC) delayed further cutting production to lower supply this year. International benchmark Brent crude was trading at $58.84 per barrel …

Oil slumps again… Will OPEC act?

Saudi Aramco has fully restored the damaged production from the Abqaiq and Khurais facilities from just a few weeks ago, an impressive turnaround in such a short period of time. But now, Riyadh faces another challenge that could prove more …

"One can forget about oil at $100 per barrel"

Russia’s Energy Minister Alexander Novak expressed an opinion that everyone has forgotten about oil at $100 per barrel. "We live based on mid-term oil price assumptions of $50 ... Our budget is based in …