LONDON – OPEC oil output rose in December, a Reuters survey found on Friday, as increases in Iraq, Angola and Nigeria offset ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance in support of the …
DUBAI/LONDON/RIYADH -Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President …
India’s April crude oil imports were the highest in 3-1/2 years as the world’s third biggest oil importer and consumer ramped up discounted Russian oil purchases to fuel a recovery in demand and fight high prices.
Crude oil imports
LONDON, Feb 25 – Prominent business leaders in the U.S. shale industry have been proselytising about their newfound commitment to restricting output growth to protect prices and profit margins.
But the rate of new drilling and production is climbing …
Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to interest rates by the U.S. Federal Reserve.
Brent crude fell $2.19, or 2.5%, to $85.70 per barrel. …
Dec 16 – Canada’s main stock index rose on Thursday, extending gains to a second session, aided by strength in mining, energy stocks and an upbeat economic outlook from the U.S. Federal Reserve.
At 9:44 a.m. ET (14:44 GMT), …
Stocks rose to all-time highs on Thursday as Congress confirmed the election of Joe Biden as president and traders looked past the unrest in Washington.
The Dow Jones Industrial Average advanced 221 points, or 0.7%. At one point, the …
From Reuters
Oil prices have continued to drift lower after plunging last week, highlighting the risk for traders trying to exploit mean-reversion strategies by buying futures contracts after a sharp fall in prices.
Front-month Brent futures prices tumbled by more …
