(Oil Price) – This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right. Bloomberg reported the Raymond James figures, noting projects such as the giant Tengiz field in the Kazakh section of the Caspian
(Investing) – The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, is contemplating a delay in its planned monthly supply increases, which were set to begin in April. This decision is under consideration despite the request from US President Donald Trump for lower oil prices, Bloomberg News reported. The global oil markets are currently too unstable
(Investing) – LONDON -Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions. Brent crude futures were down 57 cents, or 0.70%, at $80.72 per barrel by 1433 GMT, having gained 1.15% this week. U.S. West Texas Intermediate crude futures
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
Notifications
