Tag Archives: International

Oil up, Awaiting Strategic Oil Reserve Release Impacts

Global oil prices continued their rise on Thursday with the coordinated release of oil from strategic reserves, which is being closely watched by investors who want to determine how prices will be affected. International benchmark Brent crude was trading at $82.42 per barrel at 0600 GMT for a 0.20% increase …

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The World Economy is Suffering Long COVID

First it was rental cars, then building materials. Then it was housing, food, petrol. We are experiencing price rises not seen since the 1970s, or at least since the introduction of the euro, as we used to complain. First, we tried to talk it down. It will be ‘transitory’, was …

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World’s Recoverable Oil Resources Shrinks By 9%

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our 2021 review deals a major blow for the size of the world’s remaining recoverable oil …

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Oil Prices Up on Investor Euphoria over Tight Market

Oil prices rose on Tuesday over bullish market sentiments of a sooner-than-expected demand rebound. International benchmark Brent crude was trading at $75.26 per barrel at 07.29 GMT for a 0.48% increase after closing Monday at $74.90 a barrel. American benchmark West Texas Intermediate (WTI) traded at $73.33 a barrel at …

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Why Oil Could Hit $100 a Barrel

Oil is expected to rise further this year amid supply constraints and higher demand as global economies continue to rebound from the coronavirus pandemic on the back of vaccination programmes and stimulus measures. And when the global economy regains its pre-pandemic momentum in a couple of years, crude could rise …

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