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GlobalOilPrice

Friday, November 15
Despite production restrictions, the global oil market will face a daily surplus of one million barrels next year.

Despite production restrictions, the global oil market will face a daily surplus of one million barrels next year. This will happen even if the OPEC+ oil cartel decides to maintain current production restrictions, the International Energy Agency (IEA) reports. China is one of the key reasons for the expected surpl...

  • #GlobalOilPrice
  • #IEA
  • #oilmarket
  • #OilProduction
  • #OPEC
Wednesday, August 2
Oil became cheaper after the price spike at the end of July.

Oil became cheaper after the price spike at the end of July. Oil prices eased slightly on August 1 after rallying in July amid supply cuts from OPEC+ and positive macroeconomic statistics from the world’s largest economies. The October futures price for B...

  • #GlobalOilPrice
  • #oilfutures
  • #OPEC
Thursday, June 23
The price of oil is falling amid expectations of Biden’s announcement to suspend the fuel tax.

The price of oil is falling amid expectations of Biden’s announcement to suspend the fuel tax.  Oil prices fell more than $6 a barrel in response to US President Joe Biden’s lobbying to lower rising fuel prices, including pressure on the country’s primary energy companies. Futures f...

  • #GlobalOilPrice
  • #GrudeOil
  • #JoeBiden
  • #OilPrices
  • #OliPrices2022
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