The Organization of the Petroleum Exporting Countries has lowered its forecast for the growth of global demand for oil this year, as well as the expectations of oil supply from outside it. According to the organization's monthly report - issued…
Continue ReadingOPEC oil production rose by 0.5 million barrels per day during the past month, as the increase came with the rise in supplies in 3 countries. The monthly report of the Organization of Petroleum Exporting Countries, issued today, Wednesday, showed…
Continue ReadingA selloff in global stocks extended into Tuesday on signs that soaring energy prices have put a dampener on economic growth, while inflation and policy-tightening fears sent short-dated U.S. Treasury yields to 18-month highs. OIL Oil prices rose further, with…
Continue ReadingOil prices rose in trading today, Monday, at the beginning of the week’s trading, to continue reaping gains, in conjunction with the increase in demand for crude, and the energy crisis that hits a number of major economies. The rise…
Continue ReadingOil prices rose, during morning trading, today, Friday, and are heading to achieve weekly gains of nearly 5%, with the increasing shift away from gas in light of the increase in its prices. And oil prices rose by more than…
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