Tag: crude production

Energy, Industries

Oil heads higher, lifted by supply cuts and pickup in demand

May 26, 2020

Via: Market Watch

Oil futures traded higher Tuesday, encouraged by continued cuts in crude production and a pickup in demand as pandemic-related lockdowns ease around the world. “Supply and demand are both trending bullish for prices of late, with recent estimates citing a […]

Energy, Industries

OPEC, Having Bolstered Oil Prices, Considers Ramping Up Production

June 22, 2018

Via: The New York Times

VIENNA — Major oil-producing countries moved on Friday toward an agreement to jointly raise production of crude, a shift that brings a symbolic end to an output-capping deal that more than doubled prices but that drew the ire of President […]

Energy, Finance Tech, Industries, Trading

Oil hits March high, buoyed by Middle East tensions

March 20, 2018

Via: Market Watch

Oil prices hit March highs on Tuesday, finding support from concerns over tensions between Iran and Saudi Arabia, and about Venezuela crude production. April West Texas Intermediate crude CLJ8, +2.14% rose by $1.20, or 1.9%, to $62.26 a barrel on […]