Oil Rises Above $45, OPEC+ Cut Compliance Plunges     The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic...

‘Oil Prices May Break $50 In 2021’     Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS Markit’s price forecast released at the weekend has shown. The report showed that it was raised by $7 a...

Oil Price Nears $46, Highest In Five Months   The international oil benchmark, Brent crude, rose on Wednesday to its highest since early March after a large decline in the United States’ crude inventories and supported by a weak dollar. Brent, which plunged to as low as...

IMF Lowers 2020 Oil Demand By 8% Amid High Uncertainties     The coronavirus crisis will see global oil demand dropping by around eight percent this year, compared to last year, the International Monetary Fund (IMF), has said in a new report. This year, oil prices will be...

Oil Drops To $43 As US Crude Inventories Rise     Oil prices fell on Wednesday as the United States government data showed a surprise rise in the country’s crude inventories, and as tensions escalated between the US and China. The international oil benchmark, Brent crude, fell 55...

Oil Prices Steady Following News Of COVID-19 Vaccine   Oil prices witnessed a little change on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a...