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Category archives for OPEC

Europe’s gas crisis comes at perfect moment for Moscow

  • 07 October, 2021
  • 12:54 pm EEST

As European gas prices soar and governments worry about their effect on a spiralling cost of living, Russia on Wednesday offered what it said could be a swift solution: rapid certification of its recently completed Nord Stream 2 pipeline that…

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Oil hits multi-year high on OPEC+ restraint amid global energy crunch

  • 06 October, 2021
  • 12:47 pm EEST

Headlines: OPEC+ on Monday stuck to plan for gradual supply hikes U.S. crude stocks rise 951,000 barrels according to API - report Coming Up: EIA supply report, 1430 GMT   Oil hit a multi-year high on Wednesday above $83 a…

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The dollar and equities have gotten a relief, while oil has surged.

  • 05 October, 2021
  • 3:14 pm EEST

Markets: NZD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields up 1.7 bps to 1.498% Gold down 0.8% to $1,756.43 WTI up 1.0% to $78.40 Bitcoin up 2.0% to $49,950 European…

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Oil prices rise, supported by OPEC + decisions, and Brent crude near $ 82

  • 05 October, 2021
  • 11:48 am EEST

Oil prices rose during trading on Tuesday, reaching their highest levels in at least 3 years. Oil prices continued to reap the gains made during the previous session, after the world's major oil producers within the OPEC + alliance announced…

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European Forex news roundup: The dollar falls amid mixed market conditions.

  • 04 October, 2021
  • 3:50 pm EEST

European Forex news roundup: The dollar falls amid mixed market conditions. Forex market news during the European trade session on October 4, 2021 In Europe, shares were mixed, with equities tilting to the downside amid fresh concern over Evergrande and…

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