Brent crude future breaches $70 mark after Saudi oil facilities attacked
International benchmark Brent crude futures surpassed the $70 mark after Yemen’s Houthis rebel targeted Saudi Arabia’s oil facilities. Brent crude…
05 Mar 2021
OPEC ministers maintain oil supply cuts for price recovery
Ministers of the Organisation of the Petroleum Exporting Countries (OPEC) have decided to maintain cuts to oil supplies in coming months. This announcement has caused oil prices to increase by…
05 Mar 2021
Crude oil prices surge as OPEC+ decides to extend supply cut
Crude oil prices increased after OPEC and its allies agreed to extend oil supply cuts into April as they expect a stronger demand recovery amid the Covid-19 pandemic. Brent crude…
04 Mar 2021
Crude oil prices edge up on hopes OPEC+ maintains supply cuts
Global crude oil prices have increased over hopes that OPEC+ producers might decide against increasing the oil output at a planned meeting and drop in fuel inventories in the US.…
03 Mar 2021
Oil prices gains as vaccine rollout boost global demand outlooks
Global crude oil prices have risen as the rollout of the Covid-19 vaccine have improved global demand expectations. The US West Texas Intermediate (WTI) crude futures increased $0.18, or 0.3%,…
02 Mar 2021
Crude oil prices slip over OPEC output increase concerns
Crude oil prices dipped more than 1% on Tuesday over concerns that OPEC may increase oil supply increase and falling demand in China. Brent crude reached $62.91 a barrel, a…
01 Mar 2021
Oil prices surge as US announces $1.9tn stimulus package
Global crude oil prices increased by more than $1 after the US House of Representatives passed a $1.9tn pandemic aid package, which now awaits the US Senate’s approval. Brent crude…