Fuel bills for drivers may decrease in the coming months, as a prominent Wall Street bank anticipates that Brent crude prices will drop by over 20% to around $70 next
Fuel bills for drivers may decrease in the coming months, as a prominent Wall Street bank anticipates that Brent crude prices will drop by over 20% to around $70 next
When the OPEC+ panel convenes next Wednesday, they are not anticipated to adjust the present oil production policy, according to four sources familiar with the matter who spoke to Reuters.
Oil prices dipped 1% on Friday because of broader economic worries and traders taking profits. However, they surged approximately 30% over the quarter, influenced by OPEC+ production restrictions tightening the
The price of oil is steadily advancing towards $100 a barrel, a mark it hasn’t hit in nearly a year, presenting fresh inflationary challenges for monetary authorities.
The FTSE 100 is poised to benefit today due to another uptick in oil prices, which are inching closer to the $100/barrel mark.
Brent crude has surpassed $92 a barrel for the first time this year, influenced by supply reductions from Saudi Arabia and Russia.
Oil prices edged nearly 1% higher, reaching a nine-month peak on Friday due to an uptick in U.S. diesel futures and concerns over tight oil supplies, following supply cut extensions
In August, drivers faced one of the steepest monthly increases in fuel prices in over two decades, as recent data reveals.
Oil prices are poised for their most extended streak of gains in months due to supply worries.
Alexander Novak, the Russian Deputy Prime Minister, stated that global oil demand is projected to increase by 2.4 million barrels daily this year, which in his view, will keep the
Following supply reductions by Saudi Arabia and Russia, oil is poised to achieve its highest monthly gain since the start of 2022 as prices surge.