Crude Oil Soars to Highest Since 2014 as OPEC Maintains Existing Output Increase
Crude prices soared to a 7-year high on Monday, after OPEC agreed to maintain a planned supply boost as demand
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
Read moreAs the demand for crude oil collapsed amid the pandemic, OPEC had no choice but to reduce output as a
Read moreWith the slight rebound in demand for oil, OPEC+ has decided to unwind some of its supply cuts which were
Read moreEven with the recent OPEC+ deal to scale back oil production, the US is still facing a substantial over supply:
Read moreIt appears that oil production cuts have finally been agreed upon, with OPEC+ members agreeing to cuts consisting of 9.7
Read moreOil futures rose late in the day today as we head into tomorrow’s scheduled OPEC+ meeting which is anticipated to
Read more