Post Tagged with: "oil price rally"

Source: CNBC

OPEC+ agrees on March output rise amid oil price rally, defying pressure from U.S., India


A group of some of the world’s most powerful oil producers agreed on Wednesday to a further planned increase in output, even as crude prices trade near record levels amid geopolitical tensions.


OPEC and non-OPEC partners, an influential …

Source: Reuters

Exclusive: BP poised to sell ‘stranded assets’ even if oil prices rally


LONDON – BP (BP.L) is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three …

Source: Reuters

Morgan Stanley flags risk oil price rally will lead to a fall


Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months.

Oil climbed on Monday after major producers …