WTI oil price surpasses $ 61 speculative OPEC Plus does not increase production

WTI crude oil futures jumped more than 2%, breaking through the $ 61 on the day. Responded to the forecast that Petroleum Exporting Countries (OPEC) and Allies Or OPEC Plus There will be no resolution to increase production at tomorrow’s meeting. The price of oil was also driven by US economic stimulus measures. And progress … Read more

Oil market conditions: WTI oil closed up 62 cents.

New York’s West Texas Crude (WTI) contract closed for a fifth straight day on Friday (February 5) as investors buy crude oil amid hopes of economic recovery and economic recovery. Need for increased oil use While the production cuts of the Petroleum Exporting Countries (OPEC) and allies Or OPEC Plus Which will reduce the amount … Read more

OPEC confirms relations with US despite Biden promoting renewable energy policy

OPEC confirms relations with US despite Biden promoting renewable energy policy

20 Jan 2021 – 85 – “OPEC” pledged to strengthen relations with the United States, although “Joe Biden” held a renewable energy policy. In the midst of worry But not as tense as Trump. Mr. Mohammed Barkindo, Secretary General of the Petroleum Exporting Countries (OPEC) Revealed to CNBC news agency that OPEC will continue to … Read more

Saudi Arabia approves voluntary reduction of oil production by one million barrels per day for two months

Saudi Arabia approves voluntary reduction of oil production by one million barrels per day for two months

Oil prices jumped by more than 5% after Saudi Arabia announced an additional voluntary production cut, and Brent crude reached $ 53.71, achieving a gain of 5.13%. WTI also rose 5.29%, to breach the $ 50 level. The Saudi Energy Minister, Prince Abdulaziz bin Salman, described the voluntary reduction in oil production as a gesture … Read more