Investors look at screens showing stock information at a brokerage house in Shanghai SYDNEY (Reuters) – World shares paused to assess a record-busting month on Monday as the prospect of a vaccine-driven economic recovery next year and yet more free … Read More
LONDON/DUBAI (Reuters) – Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organization said, and would miss President Donald Trump who went from criticizing the … Read More
The oil market is not considering the threat of a Joe Biden victory in the US election, a renowned oil analyst warned this week. RBC Capital Markets’ Helima Croft told Business Insider that a Biden victory could lead to the renegotiation … Read More
PUERTO ORDAZ/MARACAIBO, Venezuela (Reuters) – Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of … Read More
Getty Images The price of US oil has fallen to a level not seen since 1999, as demand dries up and storage runs out. The price of a barrel of West Texas Intermediate (WTI), the benchmark for US oil, dropped … Read More
MOSCOW (Reuters) – Behind a Saudi-Russian truce to stabilize oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market. It is here, rather than in the world of … Read More
Saad Abdulla al-Kuwari As is customary, Opec is supposed to reach its 60th year this year, and perhaps it will not celebrate this event as expected, this year. The reason is Saudi Arabia’s decision to reduce and discount the price … Read More
Banknotes of 10,000, 20,000 and 50,000 bolívar denominations will begin circulating on Thursday, the central bank said A man looks at Venezuelan bolívar notes hung to resemble a tree,in Caracas, Venezuela, on 6 March. Photograph: Carlos García Rawlins/Reuters Venezuela is … Read More
On Sunday, Israel’s Hadashot News Company reported on a new Russian plan to help Iran skirt the looming U.S. sanctions on its oil program. According to the report, which was based off a document compiled by the Israeli Foreign Ministry, … Read More
OPEC and Russia are meeting in a little more than a month to discuss the progress of their oil production deal and what’s next. On the face of things, there will be no surprises: every country taking part in the … Read More