With the COP 26 climate summit ended days ago, and the resulting international pledges to reduce coal use in a step on the way to completely abandoning it, Indonesia is adopting a new plan to change the course of its…
Continue ReadingOil prices deepened their losses by more than 1%, in trading today, Wednesday, with US crude falling below $ 80, before the release of official data on crude stocks in the United States. This comes at a time when many…
Continue ReadingOil prices continued their gains, during trading on Tuesday, with US crude trading above $81, after the report of the International Energy Agency, which maintained its forecast for global demand for crude unchanged. The rise in crude prices, supported by…
Continue ReadingOil prices deepened their losses to about 1.5%, during Monday's trading, under pressure from expectations of increased supplies and reduced demand amid rising energy costs. This comes as investors remain concerned about the strong dollar amid signs of accelerating inflation…
Continue ReadingOPEC oil production rose by about 217,000 barrels per day during the past month, and most of the increase came from Saudi Arabia, Venezuela, the United Arab Emirates and Kuwait, according to the quotas agreed upon within the OPEC +…
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