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Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. The price …
Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls. …
Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a …
Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus …
Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. U.S. West Texas …
Oil prices steadied on Wednesday, following steep gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should help support oil demand. Brent and …
Oil rose towards $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. OPEC supply additions are running below their …
On Thursday, the price of the Texas oil benchmark exceeded $ 80 per barrel - for the first time since November 17. According to trading data, on January 6, the global oil prices rally accelerated to 2-3%. At 17.20 Moscow time, the …
The average price of Urals oil in 2021 reached $69 per barrel, according to the Russian Ministry of Finance. According to the ministry, the average price for Urals oil in January-December 2021 was $69 per barrel, in …
Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring Omicron coronavirus infections. Brent crude futures rose 24 cents, or 0.3%, to $79.47 a …
Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+ group of largest oil producers has resisted calls from Washington to boost output because it wants to provide the market with clear guidance and not deviate from …
The cost of a Brent oil futures contract for March 2022 delivery on the London ICE stock exchange rose by 0.2% and reached $79.1 per barrel, according to trading data as of 08:08 am Moscow time. The last time the price of Brent oil …
The price of Brent oil futures contract with March delivery on the London’s ICE reached $78.65 per barrel on Tuesday. The last time Brent was above $77 per barrel was on November 26, 2021. By 08:05 Moscow time, Brent …
The OPEC+ group of oil producers celebrated their fifth birthday in early December. It’s been a turbulent time - more so than they could have imagined when they first came together to face the threat posed by the U.S. shale boom …
The oil price in 2022 may remain at $75 per barrel with the possibility of fluctuation around 10% in both directions, Russian Deputy Prime Minister Alexander Novak said an interview with the Rossiya-24 TV channel on Friday. "The …
Oil extended declines - falling more than 5% - hampered by the rapid spread of the omicron virus variant and turmoil for U.S. President Joe Biden’s economic plans. Futures in London tumbled below $70 a barrel, as wider …
Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year, even though the Omicron coronavirus variant is not seen curbing mobility as sharply as earlier COVID-19 …
Market sentiment has improved as the threat of the omicron variant has receded
The OPEC+ deal, which has been regulating oil production for five years, helped return investment and confidence in the oil industry, Deputy Prime Minister of Russia Alexander Novak said in an interview with Rossiya 24 TV channel. …
Oil prices climbed by about 4% on Tuesday, extending the previous day’s almost 5% rebound on easing concerns over the impact of the Omicron coronavirus variant on global fuel demand. Brent crude futures were up $2.89, or 4%, at …
