OPEC+ extends oil supply cuts
OPEC+ has extended its oil supply cuts until mid-year to avoid a global surplus and support prices. The restrictions, totalling around 2 million barrels per...
Tag: saoudi arabia
Saudi Arabia: The Biggest Winner in the Middle East Crisis
The Hamas attack on Israel, which derailed the main diplomatic initiative of Saudi Crown Prince Mohammed bin Salman, a three-way agreement involving the United States...
Oil and the Dollar, a Dangerous Mix for Global Growth
Can the global economy withstand a $100 per barrel oil price next year? Because a triple-digit price wouldn’t just mean higher energy prices but also...
Oil above one hundred dollars, a new normal for the West?
In the oil world, there is not a single price. The financial market focuses on Brent and WTI, traded in London and New York, respectively....
OPEP+ decision: are we back in the 70s?
OPEC+ has announced a surprise cut in oil production of more than one million barrels per day, abandoning previous assurances that it would maintain stable...