Tag Archives: Oil Price

Brent prices climbed last week on optimism a thaw in China-US relations will help sustain global growth.

Big Oil will probably approve about 110 offshore projects this year.

Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.

A surge in OPEC production in late 2018 means the market started this year better supplied than the last.

In recent months. the Saudis increased production by more than 1 million barrels per day.

Russia and Saudi Arabia were the world’s top two oil producers until this year.

Zanganeh said on Wednesday that the current volatility in the oil market is psychological.

Washington had been pushing governments to cut imports of Iranian oil to zero.

Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.

Oil price hit their low for the year Friday as U.S. production continued to grow.