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
Oil prices decreased again against the backdrop of recession expectations. According to the ICE Futures exchange, the price of November futures for Brent crude fell to $85.66 per barrel on the afternoon of September 26, which is $0.49 (0.57%) below the closing price from the... #oilmarket #OilPrices
Oil prices have started going up again. On August 17, oil prices rose, rising from the six-month low of the day before. A higher than forecasted drop in oil and gasoline inventories in the US reminded investors of petroleum demand’s resilie... #oilfutures #oilmarket #OilPrices
