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Oil Market

  • Oil Market
IEA members hold emergency stockpiles of 1.5 billion barrels
Oil prices surge above $111 a barrel
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  • Oil Market
Benchmark crude is trading at around $95 a barrel, its highest level in eight years
Saudi Arabia signalling unwillingness to pump more oil
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  • Oil Market
Saudi Energy Minister Prince Abdulaziz bin Salman
Saudi energy minister says he is 'always comfortable' with oil prices
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  • Oil Market
Abdul-Jabbar also said that current oil prices are unfitting for producers
Iraqi oil minister expects oil prices to reach over $75
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  • Oil Market
Oil producer nations are concerned a resurgence of COVID-19 cases could again drive down demand
Iraq backs OPEC's existing plan for gradual output hike
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  • Oil Market
Abdul-Jabbar says OPEC+ is against further boosting global oil inventories
Iraq says oil at $75-$85 is 'acceptable' long-term price
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  • Oil Market
Demand for oil products like gasoline and jet fuel is getting stronger
Oil prices jump to 7-year high
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  • Oil Market
Saudi Arabia has been keeping 1 million barrels a day off the oil market
Saudi Arabia urges caution on oil production levels
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  • Oil Market
Kuwait's Oil Minister called on OPEC+ to the fully comply with oil output cuts
Kuwait cautiously optimistic global oil demand will improve
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  • Oil Market
Global oil demand is expected to increase in 2021 by 6.3 million barrels a day from a year earlier
Oil prices press higher after attack on Saudi oil site
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  • Oil Market
The oil demand recovery will be severely hampered and sluggishness in transportation
OPEC lowers 2021 demand for crude by 600,000 bpd
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  • Oil Market
Rising coronavirus infections worldwide are curbing fuel demand
Saudi Arabia, Russia in talks on how to support volatile oil markets
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  • Oil Market
There is only limited headroom for the market to absorb extra supply in the next few months
IEA warns second wave of pandemic is slowing oil demand
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  • Oil Market
Oil output hit a nine-year low in June
IEA sees oil output trending higher from July
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  • Oil Market
Oil storage facility
Escalating US-Iran tensions send oil prices higher
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  • Oil Market
Oil tanks
Traders struggling to find space for oil storage
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