IEA: The oil market will register a surplus next year
The world oil market will record a slight surplus next year, even if OPEC+ countries extend their production cuts in…
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Barrel gets closer to USD 90, following escalating tensions between Ukraine and Russia
Crude oil prices rose to $90 a barrel on Wednesday, near the highest level in seven years, following escalating tensions…
Oil price reaches 11-month high after Saudi Arabia cut production
Oil prices rose to their highest level in February 2020 on Wednesday, after Saudi Arabia agreed to cut production more…
IEA expects a slowdown in oil demand in 2020
International Energy Agency (IEA) has worsened its oil demand estimates for 2020 amid reduced air travel, continued long-distance work and…
WTI Crude Falls Below $80 for First Time Since June 2012
West Texas Intermediate crude fell below $80 a barrel for the first time since June 2012 amid speculation rising U.S.…