Oil prices fell in trading today, Friday, by about 1%, but they are heading to achieve weekly gains after rising during the past 3 sessions. The decline in oil prices comes amid light trading in the market today, Friday, coinciding…
Continue ReadingOil prices rebounded during trading today, Thursday, with US crude trading above $73, with the follow-up to the developments of the Omicron pivot. Crude prices had turned lower earlier in the session, with fears of more travel restrictions due to…
Continue ReadingOil prices extended gains to about 2% in trading today, Tuesday, with Brent crude rising above $ 72, despite the continued concern of investors about the rapid spread of the Corona virus “Omicron” globally, and the possibility that countries consider…
Continue ReadingGoldman Sachs expects average oil demand to reach record levels in the next two years on the back of increased demand for aviation and transportation as well as infrastructure construction. “You already had record-high demand before the latest corona mutation,…
Continue ReadingCommercial oil stocks in the Organization for Economic Cooperation and Development rose by about 10 million barrels last October. According to the monthly report of the Organization of the Petroleum Exporting Countries - issued today, Monday - global oil stocks…
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