Morgan Stanley has raised its Brent crude oil price forecast for the third quarter of this…
Tag: opec supply
OPEC retains demand estimate for 2024, raises global economic growth projections
The Organization of the Petroleum Exporting Countries (OPEC) bloc, led by Saudi Arabia has retained its…
Oil sheds 1%, posts weekly loss even as OPEC extends supply cuts; Brent at $82
Oil prices closed one per cent lower in the previous session and reported a weekly loss…
Oil prices rise 2% after US Fed signals rate cuts in 2024; Brent nears $84/bbl
Oil prices climbed about two per cent on Wednesday, March 6, on a smaller-than-expected build in…
Explained | Why did OPEC+ members extend oil output cuts to mid-2024
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) led by Saudi Arabia and Russia…
Oil reports weekly gain as traders await OPEC+ decision; Brent up 2% to $83/bbl
Brent futures for May settled $1.64 higher, or two per cent, at $83.55 a barrel. The…
Oil prices rise on uncertainty over Gaza ceasefire, OPEC cut; Brent at $83/bbl
Oil prices rose on Tuesday, February 27, as the market focused on uncertainty over a potential…