Oil prices turned higher, during trading today, Thursday, with Brent crude exceeding the level of $ 83, with the release of the monthly OPEC report. Crude prices fell earlier in trading, on fears that accelerating inflation in the United States…
Continue ReadingOil production in West Africa is facing significant challenges that make it difficult to return to pre-coronavirus levels, although global crude production is on the way to recovery. A recent report by the energy research firm Rystad Energy believes that…
Continue ReadingOil prices extended their gains to about 2.5% during trading on Friday, with US crude rising above $80 a barrel. The rise came after the OPEC + alliance rejected a US call to increase supplies, and maintained plans for a…
Continue ReadingChina has discovered huge reserves of shale oil estimated at more than 4 billion tons (29.168 billion barrels), which may play an important role in protecting the country's energy security. A unit of Sinopec announced the discovery of 458 million…
Continue ReadingOil prices extended their gains to more than 2%, during trading today, Thursday, with the expectation of the OPEC + alliance’s decision on production policy. Investors expect the major producers in the OPEC + alliance to stick to the policy…
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