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oil

OPEC confirms increase in oil production

The Organization of Petroleum Exporting Countries (OPEC), together with its 10 allies, confirmed that starting in April, oil production will grow by 400,000 barrels per day. This increase had already been discussed previously in July of last year, and will continue in force despite the increase in…
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Oil terminals suffer cyber attack

A series of oil terminals located in Belgium, the Netherlands and Germany recently suffered a major cyberattack, according to authorities. The Antwerp prosecutor's office, located in Belgium, confirmed the launch of an investigation of the…
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OPEC expects demand of 100 million barrels per day

The Organization of Petroleum Exporting Countries (OPEC) considers that the new omicron variant of Covid-19 will have a "slight and short-lived" impact on world demand for crude oil, for which it expects that consumption will exceed 100…

Barrel of oil reaches 88 dollars

The price of a barrel of Brent quality oil, a reference for Europe, rose this Tuesday to almost reach 88 dollars, due to less concern about the impact on demand of the omicron variant and the tensions in the Middle East and Eastern Europe ,…

OPEC + maintains its oil production growth

The ministers of the Organization of Petroleum Exporting Countries (OPEC) and the representatives of the allied producers, led by Russia, who together form the so-called OPEC +, have agreed to go ahead with the gradual increase in the…
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Goldman Sachs forecasts rise in global oil demand

Goldman Sachs estimates that oil demand will continue to rise in 2022, reaching a record level, largely thanks to fuel requirements for the transportation and aviation sectors, if the gradual reopening of the borders is taken into account.…
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The US will release 50 million barrels of oil

Joe Biden, president of the United States, issued instructions to release 50 million barrels of oil from the country's reserves, with the purpose of mitigating the increase in fuel prices. Biden is working in coordination with a group of…

OPEC will continue to increase oil production

The ministers of the Organization of the Petroleum Exporting Countries (OPEC) and the representatives of the allied producers, led by Russia, which together form the so-called OPEC +, agreed to go ahead with the gradual increase in the…