Tag Archives: Oil Price

Goldman Sachs raised its three-month forecast for Brent to $75 from $62 and its six-month forecast to $82.50 from $75.

Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.

The market is currently experiencing Brent crude prices at around $70 a barrel. a price not seen since 2014.

When oil goes up inflationary expectations go up as well.

Iran'.s light oil price was reported $64.57 on average since the beginning of 2018.

Oman is one of the non-OPEC nations to take part in the JMMC that was formed in 2016 to control falling oil prices.

Lukoil shares rose by 5 percent to 3.880 roubles. giving the company a market capitalization of $55 billion

Shell has been working hard in the past few years to reduce shale production costs.

New projects in Brazil and Canada could add as much as rising U.S. exports.

Domestic production meets some 30 per cent of the demand for oil and around 70 per cent for gas in the country.