Wednesday, April 29, 2026
OPEC+ Will Need to Boost Output to Meet 2022 Demand Recovery - IEA- oil and gas 360

OPEC+ Will Need to Boost Output to Meet 2022 Demand Recovery – IEA

Reuters LONDON – The world will need a lot more oil from OPEC+ as global demand is on track to return to pre-pandemic levels at the end of next year, the International Energy Agency said on Friday, just a few weeks after saying long-term oil production must decline to reduce emissions. “OPEC+ needs to open the taps to keep the

Oil hits fresh multi-year highs on demand recovery- oil and gas 360

Oil hits fresh multi-year highs on demand recovery

Reuters NEW YORK -Oil prices edged up to multi-year highs on Friday, heading for a third straight week of gains on the improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs. Brent crude futures rose 35 cents to $72.87 a barrel by 11:20 a.m. EDT (1520 GMT), a day after closing at their highest

EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say- oil and gas 360

EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say

Reuters NEW YORK -President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said. The issue pits two of the administration’s important political constituencies against each other: blue-collar refinery workers and