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
Sources indicate that the OPEC+ committee is not expected to adjust oil policy at Wednesday meeting.
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 settles lower, yet concludes the quarter with a 28% rise due to constrained global supply.
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
Oil hits $95 per barrel amid supply worries
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.
Oil prices steadily advance toward $100 per barrel.
The FTSE 100 is poised to benefit today due to another uptick in oil prices, which are inching closer to the $100/barrel mark.
Oil prices break $92 for first time in 10 months on tight supplies and upbeat OPEC
Brent crude has surpassed $92 a barrel for the first time this year, influenced by supply reductions from Saudi Arabia and Russia.
Oil prices climb to a 9-month peak amid concerns over limited supply.
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
Drivers experience one of the largest monthly surges in fuel costs in years.
In August, drivers faced one of the steepest monthly increases in fuel prices in over two decades, as recent data reveals.
Oil holds longest winning streak since January
Oil prices are poised for their most extended streak of gains in months due to supply worries.
Global oil demand will grow this year, says Russian Deputy Prime Minister Alexander Novak
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
Oil is set to record its largest monthly increase since the start of 2022.
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.