OPEC+ meeting to be held on April 6

The meeting of the OPEC+ group of oil producers is planned for April 6, Azerbaijan’s energy ministry said. "Azerbaijan has been invited to take part in the meeting that will be dedicated to finding the ways of …

OPEC+ talks to be held next week?

OPEC started preparations for negotiations within the OPEC+ framework, initiated by Saudi Arabia. The meeting may take place next week, a source taking part in the preparations said. "The meeting may take place next week. We …

China starts buying oil for state reserves - media

China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, Bloomberg reported citing people with knowledge of the matter. "The world’s biggest importer is taking advantage of a 60% …

Brent and WTI oil rise more than 12% 

Oil surged more than 12% as China planned to start buying up cheap crude for its strategic reserves, adding to tentative signs of growing risk appetite across financial markets that’s propelling prices higher. Brent crude for June …