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Oil cheaper, OPEC+ agrees to increase production

OPEC+ energy ministers agreed on Sunday to increase oil production. From August, production would increase by 400,000 barrels per day each month. Until the end of this year.

Oil got above $ 71 a barrel. It is the most...

The price of Brent crude oil briefly exceeded $ 71 per barrel during Tuesday's trading. He can blame the improved demand outlook for the rest...

US-China service sector has come to life, oil has healed because...

The price of brent crude oil rose about one percent on Tuesday, moving closer to the $63 per barrel mark.

China will be a priority for Saudi Aramco. Miners want to...

Saudi Aramco is already the most important supplier of oil to China. Last year, a Saudi-led mite in supplies to China even outsmal Russia.

The price of oil has fallen sharply. Concerns about the onset...

Oil becomes cheaper for five days in a row. Until Thursday, however, it was only a gradual decline in the price of a barrel of...

The price of oil broke the $ 70 per barrel mark....

A barrel of brent oil costs more than $ 70 for the first time since the outbreak of a coronavirus pandemic. This is an immediate market response to the announced drone attack on Saudi oil refineries.

The OPEC cartel is under pressure because of the healthier oil....

A barrel of Brent oil has been trading at more than sixty dollars for nearly two weeks. In recent hours, the price has even drawn...

Oil production in Russia fell to a nine-year low last year

Russia supplied more than 512 million tons of oil to the world market last year. Compared to 2019, there was a decrease of less than...

OPEC+ group agrees to light increase in oil production from January

Representatives of the Member States of the Organization of Petroleum Exporting Countries and Russia agreed to increase oil production by 500,000 barrels per day...

Norwegian mining companies plan to increase investment next year

Norwegian oil and gas companies expect a good 2021. They plan to increase their investment in new mining projects compared to the original plan....

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