In July 2021, OPEC announced that it would increase oil production by .4 mb/d monthly until it phased out the lower output it created in 2020.15 Note In February 2022, Russia's invasion of Ukraine caused the price of crude oil to skyrocket far above pre-pandemic prices. Prices rose du...
CALGARY, ALBERTA (January 7, 2020)– Ongoing international trade tensions and the risk of a continuing oversupply of crude oil helped push global oil prices lower at the beginning of the final quarter of 2019, while Canadian oil prices remained under pressure due to transportation bottl...
the performance of the international crude oil market was ups and downs, the OPEC+ talks broke down, and the production reduced on a super scale. According to the comparison of the prices in 2018, 2019 and 2020, in 2020, the price of refined oil market dropped sharply at the beginning of...
WTI Crude Oil Spot Price is the price for immediate delivery of West Texas Intermediate grade oil, also known as Texas light sweet. It, along with Brent Spot Price, is one of the major benchmarks used in pricing oil. WTI in particular is useful for pricing any oil produce in the Americ...
Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to ...
According to the Dept. of International Affairs at National Iranian Oil Co. (NIOC), Iran sold its different types of crude oil to various markets in June 2020 at the prices listed in the following table (US$/Barrel):...
Saudi Aramco to expand investments in lithium as it diversifies from oilJan 15 2025 The China commodities supercycle is over. Will there be another?Jan 15 2025 Energy Metals Agriculture & lumber CommodityLast price/contractToday's change1-year trendLow52-weekHigh Natural Gas As of Jan 16 2025...
WTI Crude Oil Spot Price is the price for immediate delivery of West Texas Intermediate grade oil, also known as Texas light sweet. It, along with Brent Spot Price, is one of the major benchmarks used in pricing oil. WTI in particular is useful for pricing any oil produce in the Americ...
Follow today's crude oil price moves and key news stories driving oil price actions, as well as developments in the broader energy sector.
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