2 results for keyword "Barrel"

Article on tag "Barrel"

Continuing Oil Price Rally Leads to new Multi-Year Highs
Continuing Oil Price Rally Leads to new Multi-Year Highs
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Continuing Oil Price Rally Leads to new Multi-Year Highs

Crude oil prices continued to soar in the past week. The background to the oil price increases lies in the rising demand for oil combined with the ongoing economic recovery and fears of tight supply. The price surge in recent days was triggered by a drop in oil reserves reported by the US government on Wednesday.

OPEC+ haggling over production restrictions at ongoing meeting
OPEC+ haggling over production restrictions at ongoing meeting
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OPEC+ haggling over production restrictions at ongoing meeting

The eyes of the international business world are currently fixed on Vienna. At the OPEC headquarters in downtown Vienna, the oil cartel’s member states and its allies are currently haggling over production volumes, and thus the further development of oil prices, via video conference.