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Real-time Oil Appetite Catches Up with Futures Rally

2021-02-18 17:12:14| OGI

Global benchmark Brent futures are trading above $65 per barrel, quadrupling in value since pandemic lows in April.

Tags: oil rally futures appetite

 

OPEC+ Sticks with Output Policy Despite Oil Price Rally

2021-02-03 20:05:00| OGI

Oil has rallied from historic lows hit last year as the pandemic hit demand, thanks to record output cuts by OPEC and allies, known as OPEC+ that the group is beginning to unwind.

Tags: policy price oil output

 
 

OPEC Sees US Shale Output Recovering Further on Oil Rally

2021-01-15 15:56:19| OGI

The outlook for U.S. shale oil is slightly more optimistic due to rising prices and output will recover further in the second half of 2021, OPEC said on Jan.14, in a sign its policy of cutting output is helping rivals pump more.

Tags: oil output sees rally

 

Oil Prices Rally Further after US Inventory Drop

2021-01-13 11:15:00| OGI

Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.

Tags: prices oil drop inventory

 

There Is Hardly Any Gas: LNG Price Rally Exacerbates Supply in Asia

2020-12-17 15:10:00| OGI

Surging spot prices for LNG are exacerbating a gas supply crunch in key fast-growing emerging markets in Asia just as a cold spell in other parts of the region boosts demand for the fuel.

Tags: in price supply asia

 

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