Crude Oil Prices on the Decline After China Releases Fuel Reserves to Boost Domestic Supply
Crude oil prices briefly receded from their multi-year highs on Monday, after China’s government released fuel reserves in an effort
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OPEC
Oil Prices Soar Above $85 as OPEC Continues to Restrict Global Supply
The price of oil soared to $85 per barrel on Monday, as OPEC members continue to restrict supply despite growing
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Crude Oil Soars to Highest Since 2014 as OPEC Maintains Existing Output Increase
Crude prices soared to a 7-year high on Monday, after OPEC agreed to maintain a planned supply boost as demand
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White House Wants OPEC to Boost Oil Production in Effort to Contain Fuel Prices
The White House has asked the Organization of the Petroleum Exporting Countries (OPEC) to boost crude oil output, in an
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IEA: Global Crude Demand Will Never Reach Pre-Pandemic Growth
The global demand for oil is not expected to reach pre-pandemic levels until at least 2023, and will likely never
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IEA Reduces Oil Demand Forecast as Vaccine News Unlikely to Revive Crude Markets Soon
Although Pfizer Inc.’s coronavirus vaccine made some significant headway in the past week and pushed crude prices to a 10-week
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Libya Ramps up Oil Production to 1 Million Barrels Per Day Despite Market Oversupply
Despite the continued subdued global demand for oil, it appears that the already-oversupplied market has been pumped with even more
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OPEC Members Growing Increasingly Desperate for Higher Oil Prices as Crude Demand Remains Subdued
As the demand for crude oil collapsed amid the pandemic, OPEC had no choice but to reduce output as a
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OPEC And Russia To Begin Easing Historic Supply Cuts in August
With the slight rebound in demand for oil, OPEC+ has decided to unwind some of its supply cuts which were
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US Oil Storage Expected to Reach Full Capacity in Coming Months
Even with the recent OPEC+ deal to scale back oil production, the US is still facing a substantial over supply:
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