Saturday, August 2, 2025
Column: Oil bulls return as the threat from Omicron recedes- oil and gas 360

Column: Oil bulls return as the threat from Omicron recedes

Nasdaq LONDON, Jan 4- Portfolio investors have started to rebuild bullish positions in the oil market, reassessing earlier fears about the likely impact of the Omicron variant of coronavirus on major economies and passenger aviation in 2022. Hedge funds and other money managers purchased the equivalent of 54 million barrels in the six most important petroleum futures and options contracts

OPEC+ agrees oil output hike from February as omicron Covid cases soar- oil and gas 360

OPEC+ agrees oil output hike from February as omicron Covid cases soar

CNBC An influential group of some of the world’s largest oil producers agreed on Tuesday to stick to its planned increase in oil production from February as energy investors weigh the potential impact of soaring omicron Covid cases. OPEC and its non-OPEC allies, known collectively as OPEC+, decided to raise its output target by 400,000 barrels per day from next