Tag Archives: opec

Oil prices slightly increased on Thursday as US crude stocks fell more-than-expected, declining five weeks in a row, however the omicron variant continues to cause negative market sentiments in the coming year. International benchmark Brent crude was trading at $79.24 per barrel at 0635GMT for a 0.03% increase after closing …

The Organization of the Petroleum Exporting Countries (OPEC) will meet on Wednesday, ahead of a meeting of OPEC+ on Thursday, to discuss a response to the threat of a hit to fuel demand from the Omicron variant. Some analysts expect OPEC+ to pause plans to add 400,000 barrels per day …