OPEC+ struggles to hit production targets with oil demand on the rise
Vienna February 2 2022: The oil market will be oversupplied by 1.3 million b/d in 2022 if OPEC and its ...
Tag: OIL
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Brent Oil Hits $90 for the First Time Since October 2014
New York January 26, 2022: Brent crude rose to $90 a barrel for the first time since October 2014, as ...
Goldman Sachs Sees Oil At USD 105 Per Barrel For 2023 As OECD Inventories About To Hit Lowest Level Since 2000
New York January 18 2022:Goldman Sachs updated demand and supply elasticities, they model this rebalancing will require long-dated prices rising ...
Qatar bases 2022 budget on oil price of $55/b, up from $40/b in 2021
Doha December 9 2021: Qatar has based its 2022 fiscal budget on an average oil price estimate of $55/b, up ...
OPEC+ lifts crude output by 500,000 b/d in November amid omicron uncertainty
Riyad December 9 2021: OPEC and its allies boosted crude oil production by 500,000 b/d in November, with 80% of ...
UAE’s Sharjah may launch offshore bid round in 2023 amid active onshore drilling
Dubai December 8 2021: Sharjah, the third largest emirate in the seven-member UAE federation, may launch an offshore bid round ...
Fall in WTI by 13% to Ease Pressure Rupee and Inflation
Karachi November, 26 2021: WTI crude has fallen over 13% on the session, diving to near three-month lows of $67.42, ...
Commodities Sink With New Virus Strain Imperiling Global Growth Outlook but Pakistan turned out to be beneficiary
London November 26, 2021: Commodities from copper to crude and cotton plunged while safe-haven gold rallied as the emergence of ...
OPEC to stay ‘cautious,’ with oil market surplus coming in December: Barkindo
Dubai November 17 2021: The global oil market will flip from deficit to surplus in December, OPEC Secretary General Mohammed ...
Saudi Aramco warns of shrinking global spare oil production capacity as air travel recovers
Riyad November 10 2021: Spare production capacity has shrunk significantly due to underinvestment, the head of Saudi Aramco said Nov. ...
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