Oil Business

Oil Business

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

OPEC+ raises 2022 oil demand growth forecast

OPEC+ expects global oil demand to grow by 5.95 million bpd in 2021 after a record drop of about 9 million bpd in 2020 because of the Covid-19 pandemic

An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS//File Photo

Oil drops for third day on concerns Covid-19 variant spread to cut demand

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford

Oil rebounds, but gains limited amid demand concerns as India reels from Covid-19

A view of the PES Refinery in Philadelphia, Pennsylvania, US, November 2, 2020. Picture taken November 2, 2020. REUTERS/Dane Rhys

Oil prices slip as focus switches from Suez Canal blockage to OPEC+ supply policy

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver/File Photo

Oil bears and bulls grapple as market puzzles over pandemic exit

Photo: Bloomberg/ Bartek Sadowski

Oil prices rebound as US House passes huge stimulus bill

Big freeze in Texas is becoming a global oil market crisis

Big freeze in Texas is becoming a global oil market crisis

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. Photo:Reuters

Oil prices climb as deep freeze shuts US oil wells, curbs refineries

A view of the PES Refinery in Philadelphia, Pennsylvania, US, November 2, 2020. Picture taken November 2, 2020. REUTERS/Dane Rhys

Oil rises on fears of heightened tensions in Middle East

Photo: Bloomberg/ Bartek Sadowski

Oil climbs to 13-month highs, as supply cuts, demand optimism support

A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato

Stocks, oil rise in Asia after US records

A PetroChina worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China June 27, 2018.

Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices

Photo: Bloomberg/ Bartek Sadowski

Oil’s remarkable rebound from a year of catastrophe