Crude Supply Crisis Deepens: Libya’s Oil Output Falls Amid Political Crisis
Libya’s crude output fell to less than 1 million barrels per day last week, after the country’s main oil field
Read moreLibya’s crude output fell to less than 1 million barrels per day last week, after the country’s main oil field
Read moreThe White House announced today that the country’s Department of Energy is making available releases of 50 million barrels of
Read moreOPEC’s output fell short of projections last month, as a number of the cartel’s smaller members suffered outages, further fuelling
Read moreCrude oil prices briefly receded from their multi-year highs on Monday, after China’s government released fuel reserves in an effort
Read moreThe price of oil soared to $85 per barrel on Monday, as OPEC members continue to restrict supply despite growing
Read moreCrude prices soared to a 7-year high on Monday, after OPEC agreed to maintain a planned supply boost as demand
Read moreThe White House has asked the Organization of the Petroleum Exporting Countries (OPEC) to boost crude oil output, in an
Read moreThe global demand for oil is not expected to reach pre-pandemic levels until at least 2023, and will likely never
Read moreAlthough Pfizer Inc.’s coronavirus vaccine made some significant headway in the past week and pushed crude prices to a 10-week
Read moreDespite the continued subdued global demand for oil, it appears that the already-oversupplied market has been pumped with even more
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