Oil producers are unlikely to alter their output strategy as crude prices climbs
Brent crude increased to $89 per barrel on Tuesday from $77 at the end of 2023.
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OPEC
OPEC+ to back Brent at $80 per barrel; ONGC scored highly on dividend payments
The state-owned Oil India and Oil and Natural Gas Corporation (ONGC) are the most likely Indian oil explorers to see success, with the Organization of Petroleum Exporting Countries and its allies (OPEC+) supporting Brent…
Oil prices declines due to vague global demand; risk premium remains high
On Tuesday, oil prices declined due to an unclear outlook for global demand, even with some risk premium from the Israel-Hamas war. The crew of a ship abandoned the ship following the attack on Sunday night, adding to the…
Oil prices hikes by 1%, weekly increase anticipated as the Middle East conflict intensifies
By 1446 GMT, Brent crude futures had increased by 79 cents, or 0.97%, to $82.42 a barrel, while U.S. West Texas Intermediate crude futures had increased by $1.02, or 1.34%, to $77.24 a barrel.
Despite OPEC+ decision, oil companies might witness weekly decline since November
The Organization of Petroleum Exporting Countries and its allies (OPEC+) decided to maintain its production policy on Friday, February 2, which led to a minor increase in oil prices.