10 results for keyword "crude oil"

Article on tag "crude oil"

OPEC Cuts Oil Production by 2m Barrels per Day, Sparking Criticism From the West
OPEC Cuts Oil Production by 2m Barrels per Day, Sparking Criticism From the West
(c) VLADIMIR SIMICEK / AFP / picturedesk.com

OPEC Cuts Oil Production by 2m Barrels per Day, Sparking Criticism From the West

Last Wednesday, the countries of the OPEC+ oil alliance decided on a comprehensive reduction in oil production. As early as November, 2 million barrels less per day will be produced. Many countries fear a rise in oil prices.

Continuing Oil Price Rally Leads to new Multi-Year Highs
Continuing Oil Price Rally Leads to new Multi-Year Highs
(c) unsplash

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
(c) unsplash

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.

Reduction in Covid-19 deaths – Update from the Investment Division
Reduction in Covid-19 deaths – Update from the Investment Division
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Reduction in Covid-19 deaths – Update from the Investment Division

What has occurred over the weekend ? On Friday and also over the weekend some movement happened in the talks between Russia and Saudi Arabia about possible oil production cuts. After the last talks of OPEC+ about a month ago ended without an agreement between those two countries Saudi Arabia increased the oil production unilaterally. […]