On Monday OPEC+ ministers resume talks after failing to reach a deal on oil output policy in two days of talks last week amid a rare public standoff between Gulf allies Saudi Arabia and the United Arab Emirates.
Crude Oil
MCX Crude Tips & Updates
Latest MCX CRUDE OIL Rate/price in India, MCX Crude Tips, MCX Tips, Live CRUDEOIL News, Updates, Price Chart, Lot Size, CRUDEOIL MCX Price, Price Forecast – MasterMind Update
Crude Oil Down After Data Showed Rise In U.S. Crude
Crude oil yesterday settled down by -4.88% at 4465 after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook. U.S. crude oil, gasoline and distillate stockpiles all rose last week, as refiners boosted output with more facilities coming back online following February’s devastating storms in Texas.
Crude Oil Prices Slip On Surprise Build In U.S. Crude Stocks
On Wednesday crude oil prices were lower after industry data showed a surprise build in U.S. crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.
Crude Prices Slip as Texas Brings Production Back Online
On Friday crude prices fell at the end of a wild week in which a front of Arctic weather took over one-third of U.S. oil production offline. The disruptions to supply and demand were still far from resolved on Friday morning in the U.S., although a key obstacle to production was removed as ERCoT, the system operator for Texas’ electricity grid, said it no longer had to interrupt power supplies.
Crude Oil Retreats as Stronger US Dollar Eases Foreign Demand – Crude Oil Price Analysis
On Wednesday U.S. West Texas Intermediate and international-benchmark crude oil futures are trading lower after giving back earlier gains. Since weather concerns in Texas drove the market higher earlier in the session, I suspect that new forecasts calling for a break in the extremely cold conditions may be encouraging investors to book profits.
Why Crude Oil Futures Shot Up By 21% In 2021
This year has brought in enough optimism for the oil market as prices of both Brent as well as WTI has gained by around 20 per cent. MCX oil futures have gained by around 21 percent so far this year. Oil is considered to be the benchmark indicator of growth in the global economy and the price rise clearly reflects this trend.
Oil Giant Shell Says Its Oil Production And Carbon Emissions And Have Peaked
On Thursday oil major Royal Dutch Shell outlined the details of its near-term and long-term plans to transition to cleaner energy, saying its oil production and total carbon emissions have already peaked. The announcement comes at a time when the oil and gas industry is under immense pressure to dramatically speed up its plans to pivot away from fossil fuels, amid deep concern about the effects of the climate emergency.