LONDON—Oil prices rose on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool prices. Brent crude was up 94 cents, or 1.2 percent, at $82.93 a barrel by 0940 GMT and U.S. West Texas Intermediate…
Oil Prices Rise Ahead of OPEC+ Meeting
November 4, 2021
admin
Business & EconomyCompaniesEconomieseconomyEuropeInternationalLocal NewsMarketsmeetingMiddle EastOilOPECRegional NewsRegional-Local NewsriseTexasUSUS NewsWorld
0 Comment
Oil Drops on China Fuel Reserves Release; OPEC+ Meeting in View
November 1, 2021
admin
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropefuelInternationalInvestmentLocal NewsMarketsmeetingMiddle EastOilOPECRegional-Local NewsreservesTexasUSUS NewsWorld
0 Comment
TOKYO—Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets. Brent crude futures dropped 46 cents, or 0.6 percent, to $83.26 a barrel by 0746 GMT,…
Biden: Pushing OPEC to Boost Oil Output ‘Not at All Inconsistent’ With Climate Goals
November 1, 2021
admin
bidenBiden administration's climate agendaemissionsExecutive Branchfossil fuelsG20oil productionOPECPoliticsUSUS News
0 Comment
President Joe Biden said on Sunday that it was “not at all inconsistent” for him to push energy-producing countries to ramp up production of fossil fuels while also urging others to lower emissions in line with his climate goals. Speaking at a press briefing following days of negotiations in Rome between leaders of the Group…
Oil Hits Multi-Year High Above $86, Then Pulls Back
October 21, 2021
admin
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeHighInternationalLocal NewsMarketsMiddle EastOilOPECRegional-Local NewsTexasUSUS NewsWorld
0 Comment
LONDON—Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched. Helping to drive the latest gain, a supply report from the U.S. Energy Information Administration on Wednesday showed crude and…
Oil Prices Scale $85 per Barrel on Back of Supply Deficit
October 15, 2021
admin
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesdeficitEconomieseconomyEuropeInternationalMarketsMiddle EastOilOPECsupplyUSWorld
0 Comment
LONDON—Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products. Brent crude futures were up 80 cents, or 0.95 percent, to $84.80 a barrel at 0930 GMT. Front-month…
Oil Market Still Faces Uncertainties Due to COVID-19, OPEC Chief Says
October 14, 2021
admin
Business & EconomyCOVID-19EconomiesEuropeInternationalInvestmentmarketMarketsOilOPECuncertaintiesWorld
0 Comment
MOSCOW—The oil market continues to face uncertainties stemming from the COVID-19 pandemic, OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy forum in Moscow on Thursday. “The market is taking its course in accordance with supply and demand fundamentals. But we must admit there are external factors that are influencing the…
US Energy Secretary Says Tapping Emergency Oil Reserves a Possible ‘Tool’ to Tame Fuel Prices
October 6, 2021
admin
Biden adminEnergy SecretaryExecutive BranchgasolineJennifer Granholmoil pricesOPECPoliticsStrategic Petroleum ReserveUSUS News
0 Comment
Energy Secretary Jennifer Granholm on Wednesday said that the Biden administration is considering tapping the country’s emergency oil reserves to tame soaring gasoline prices, according to a Financial Times (FT) report. “It’s a tool that’s under consideration,” Granholm said at an FT energy transition summit when asked the possibility of the United States tapping into…
Oil Extends Gains After OPEC+ Rejects Bigger Production Boost
Oil prices climbed on Tuesday, extending gains triggered during the previous session after the OPEC+ oil producing consortium decided not to ramp up crude production above a trickle despite international calls for a sharper boost. Brent crude was up by 23 cents or 0.3 percent at $81.60 a barrel by 5:29 a.m. New York time,…
OPEC+ Sticks to Plan for Gradual Output Hike, Oil Price Roars Higher
October 4, 2021
admin
Asia & PacificBusiness & EconomyCompaniesEconomieseconomyEuropeGradualhikeIndiaInternationalMiddle EastOilOPECoutputpriceUSWorld
0 Comment
LONDON―OPEC+ said on Monday it would stick to an existing pact for a gradual increase in oil output, sending crude prices to three-year highs and adding to inflationary pressures that consuming nations fear will derail an economic recovery from the pandemic. The Organization of the Petroleum Exporting Countries, Russia, and allies, known as OPEC+, have…
Oil Steady Ahead of OPEC+ Supply Policy Meeting
October 4, 2021
admin
Business & EconomyCompaniesEconomieseconomyInternationalMarketsmeetingMiddle EastOilOPECsteadyUSUS NewsWorld
0 Comment
LONDON—Oil was steady on Monday ahead of a meeting by OPEC and its allies which may determine whether a recent rally in prices amid supply shocks and a recovery from the COVID-19 pandemic will be sustained. Brent crude was down 6 cents or 0.1 percent at $79.22 per barrel by 0935 GMT. It rose 1.5…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`