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OIL PRICE ALMOST UNCHANGED AS PRODUCTION RESTRICTIONS

  U.S. West Texas Intermediate crude ended 1 cent higher at $52.25 per barrel. International benchmark Brent crude dropped 33 cents, or 0.6%, to end...

OPEC+ to Discuss Extending Oil Cuts/ Slowly Raising Output

OPEC+ members will consider whether to extend existing oil cuts for three to four months. It will also assess a gradual increase of output...

Oil Up on Hopes of OPEC+ Supply Curb

Oil prices climbed in energy commodities on Monday, recouping some losses from the previous session. Hopes that OPEC+ will hold current output curbs are...

Oil prices dropped after OPEC+ statement

Oil prices fell slightly on Tuesday after OPEC Plus Group members said they had almost fully complied with the terms of their production cut...

Stocks, OPEC+ and Record Oil Production Cut

Stocks in Asia fell on Monday as the Organization of the Petroleum Exporting Countries (OPEC) and allies reached an agreement. In Japan, the Nikkei 225...

The price of oil collapses before the OPEC meeting 

Fear that the current crisis of lower demand and higher production drags oil prices further down. The price of Texas intermediate oil (WTI) slumped 7.5%...

Oil prices climbed after Trump’s announcement

Oil prices rose around the world after Trump announced that he expected the end of the dispute between Saudi Arabia and Russia. The announcement...

Oil Companies, Stocks, and Donald Trump

The global economy is struggling to deal with multiple challenges. The coronavirus pandemic affected all industries and the oil industry is not an exception....

Oil and Petroleum Prices Fall Despite OPEC Cuts | Wibest

As OPEC and Saudi Aramco news dominate the headlines, oil and petroleum prices slip for the second day despite cuts. The meeting of the...

Oil Petroleum Prices Drop, OPEC In Focus | Wibest

Oil petroleum futures finally hit a block in their upward run. But prices start to contract this Thursday. Traders are cautiously and patiently waiting...

Petroleum and Oil Futures Extend Gains, Gold Also Jumps

Commodities jump higher this Wednesday, extending their gains against trade war tensions, the oil inventory report, and OPEC news. Petroleum and oil prices benefit...

Oil Petroleum Holds Gains, Saudi Wants Deeper Cuts

Oil petroleum prices hold their second consecutive gains as Saudi Arabia reinforces hope for deeper cuts. Riyadh wants to give a bright surprise for...

Oil and Petroleum Prices Rally from Upbeat Chinese Data

The positive outcome of the Chinese factory growth report accelerated the rally of oil and petroleum prices today. Experts did not expect growth in...

Oil and Petroleum Prices Fall After Inventory Build-up

Oil and petroleum prices came tumbling down during this Wednesday’s trading after the API reported another build-up. Traders are now also waiting for official...

OPEC Countries Gives Nigeria New Target

OPEC Countries and its allies just allowed Nigeria’s plea to increase its oil production output under the organization’s quota. The new deal will grant...