The next meeting of the OPEC+, the Organisation of Petroleum Exporting Countries plus Russia, on April 1, does not seem to be boosting the m...

  As the Suez Effect has died down, the oil price seems to be heading towards its equilibrium – the position it generally held before the ma...

  As the news spread about the partial success of refloating the megaship, Ever Given, the oil price went down in the early hours of Monday;...

  The container ship that has been stranded in the Suez Canal since Wednesday has moved about 100ft into the middle of the canal from where ...

  The price of crude oil, which went down yesterday, rose again today, perhaps due to the fact that the yesterday’s optimism about a quick s...

  The oil price that had been going down at an alarming rate in the last two weeks, got a catalyst on Wednesday morning out of the blue, whe...

  The oil price went down substantially today despite the encouraging news from airline industry about a slow, but steady recovery. The ho...

  The optimism in the airline industry about gradual return to normalcy is, after all, not just wishful thinking of those who have been seve...

  The airline industry, which was dealt a severe blow by the pandemic, shows the signs of recovery in America and Asia, judging by the numbe...

    Oil price that showed a downward trend up until Thursday, this week, stated going up at a modest pace on Friday with a brief dip durin...

  Oil price was in the green territory for most of the day before dipping considerably in response to the latest drone attack on Saudi oil f...

  The oil price has been in decline for the last few days, losing the momentum it used to have up until the latest OPEC+ meeting on March 4....

  There is a growing rift between India, the world’s third biggest oil importer – and consumer – and Saudi Arabia over the supply of crude o...

  Dharmendra Pradhan, the Petroleum and Natural Gas Minister of India, says that he is in talks with major oil-producing nations in order to...

  Crude oil price that has been rising steadily for weeks failed to creep into all-important $70 territory defying the expectations of the a...

  In February 2021, an unusual weather event, an extreme winter weather front, brought the energy supply in the US state of Texas under trem...

  The EIA, the US Energy Information Administration, forecasts a significant crude oil inventory draw in the coming weeks in response to the...

  The steep rise in oil price, relative to what it was around this time last year, has led to a brewing storm in the sphere of global politi...

 

  Having buoyed by the absence of an immediate threat from the US shale producers, Saudi Arabia shows no sign of slowing down its ambition t...